article thumbnail

Employers ‘Unwavering’ in Providing Group Health Benefits: Research

InterWest Insurance Services

The poll of 26 health benefits decision-makers at large firms, carried out by The Commonwealth Fund and the Employee Benefits Research Institute (EBRI), found that despite rising premium and health care costs, they felt obligated to offer health insurance instead of shunting employees to exchanges.

article thumbnail

New Approaches to Managing Health Care Costs, Improving Outcomes

InterWest Insurance Services

As health insurance and health care costs continue climbing, some employers are taking new and innovative steps to tamp down costs for themselves and their covered employees while not sacrificing the quality of care they receive. Depending on the PBM, this may or may not work.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Healthcare Must be Focused on the Patient Journey 

HR Professionals Magazine

This does not apply to consumers with commercial insurance plans who may pay the full price for medications under high-deductible plans. 6 CivicaRx , a non-profit drug manufacturer owned by several Blues plans, intends to manufacturer affordable insulins in 2024. Economic Costs of Diabetes in the U.S.

article thumbnail

Why small business owners need liability insurance

Higginbotham

Liability for a Defective Product Every business that manufactures a product must be protected by product liability insurance. A product liability claim can arise from a design that is deemed unsafe, a manufacturing defect or a failure while the product is in use.

article thumbnail

New Transparency Requirements for Health Plans

AssuredPartners

Departments of Health and Human Services, Labor and the Treasury (together, the Departments) issued a final rule under the Patient Protection and Affordable Care Act (PPACA) and in furtherance of an executive order issued in 2019. Insurance cards must include in-network and out-of-network deductibles and out-of-pocket maximums.

article thumbnail

Payroll services for small businesses

Higginbotham

Oregon’s overtime kicks in at 10 hours but only applies to the manufacturing sector. For example, employees may pay their share of health insurance and various voluntary benefits through payroll deductions. This means a mistake in their paycheck could also impact their benefits.

article thumbnail

Common Tax Forms Employers Need to Know: A Complete Guide

HR Lineup

The information on Form W-2 includes total wages earned, federal and state income tax withheld, Social Security and Medicare taxes withheld, and any other deductions or contributions such as retirement plan contributions. Employers are required to provide a W-2 to each employee by January 31st of the following year.

Taxes 85