HR Digest

SEPTEMBER 16, 2023

Pharmaceutical companies and researchers insist that costs have to remain high for the production and further research to be viable. Employer plans to handle the shift have seen some c ost-cutting attempts being made , but admirably, these have not resulted in any increase in deductibles and other cost-sharing requirements for employees.

Health and Welfare 85

Health and Welfare Employment Healthcare Pharmaceutical 85

HR Digest

FEBRUARY 1, 2022

Other common employers include healthcare facilities, insurance providers, financial institutions, and pharmaceutical companies. Most companies will deduct taxes and insurance premiums for workers covered by the employer’s plan. Top Companies . Salaried workers pay 2%-3%, and contractors pay 4%-6%. Final Words .

Human Resources 98

Human Resources Pharmaceutical Retail Education 98

Workers' Compensation Perspectives

AUGUST 22, 2019

[For the first part of this discussion, see “Workers’ Compensation Insurance Arrangements: Does the model make a difference? Part 1” at [link] or [link] ] In my previous post, I described the range of public policy insurance arrangements governments use in the workers’ compensation insurance market.

Workers’ Compensation 52

Workers’ Compensation Insurance Payroll Medical 52

AssuredPartners

AUGUST 5, 2021

This rule, entitled Transparency in Coverage, requires group health insurance carriers and self-insured plans to disclose rates and cost-sharing information for all covered items and services. Insurance cards must include in-network and out-of-network deductibles and out-of-pocket maximums.

Out of Pocket Cost 69

Out of Pocket Cost Insurance Carriers Pharmaceutical Insurance 69

Business Management Daily

SEPTEMBER 15, 2021

Someone definitely could view an employee benefits package that lacks health insurance or paid sick days as a reason to not accept an offer of employment. To aid in the decision-making process, though, here’s a closer look at various types of employee benefits : Health insurance. Medical plans with no or low-cost deductibles.

Benefits Package 52

Benefits Package Family and Medical Leave Act Health Insurance PTO 52

InterWest Insurance Services

JUNE 22, 2023

market, in March 2023 announced that they will cap the cost of insulin for people with private insurance plans. The changes mean some or many of your employees will see significant reductions in their pharmaceutical outlays, particularly if they have high copays or deductibles. The new pricing will take effect Jan.

Insurance 75

Insurance Out of Pocket Cost Pharmaceutical Deductions 75

InterWest Insurance Services

JUNE 22, 2022

Many employees choose pricey plans with low deductibles, which force them to spend more up front on premiums to save just a few hundred dollars on their deductible. Study 1: The deductible angle. As a result, workers paid an extra $528 in premiums for the year to keep their deductible at $750 instead of $1,000.

Deductions 86

Deductions Deductible Pharmaceutical Health Savings Account 86

InterWest Insurance Services

MARCH 7, 2024

Usually, these accounts are funded with pre-tax deductions from your employees’ paychecks, but if they didn’t max out their contributions last year, they still can do so up until the tax-filing deadline. Funds in HSAs can be used to pay for a myriad of out-of-pocket medical-related expenses, pharmaceuticals and medical devices.

401(k) 87

401(k) Health Savings Account Pharmaceutical Deductions 87

Corporate Synergies

APRIL 1, 2019

1 Then there’s the behind-the-scenes double Rx whammy: pharmaceutical companies increase prices and pharmacy benefit managers (PBMs) obscure the true cost of medications, causing more headaches for employees. Some manufacturers will cover the balance of a prescription cost and contribute the balance toward the employee’s deductible.

Manufacturing 41

Manufacturing Medical Deductions Deductible 41