Money Talk

JANUARY 26, 2023

UPH is Real - Many people are feeling the effects of “unexpected price hikes” (UPH), a term coined in a T-Mobile ad. CPI Calculation - The consumer price index (CPI) that measures inflation is annualized over 12 months (e.g., Simply divide 72 by an inflation rate to determine the number of years to double the price of an item.

Finance 183

Finance Pension Government Banking 183

Money Talk

MAY 5, 2022

No matter what your travel style, start planning your road trip by setting some goals: ¨ Do you want a structured itinerary or to go “where the road takes you”? ¨ Are there new foods and restaurants you want to try? vehicle repairs and price increases)? ¨ Do you have money set aside for unanticipated expenses (e.g.,

Food 278

Food Finance Banking IT 278

International Foundation of Employee Benefit Plans

MARCH 7, 2024

Lack of transparency enables PBMs to engage in the practice of spread pricing where PBMs charge health plans more than they pay pharmacies for the […] The post Prescription Drug Plans: Spread Pricing Explainer appeared first on Word on Benefits.

Employment 97

Employment Management Employee Benefits 97

Money Talk

JANUARY 4, 2023

Below are dozens of important events and trends from the past year: High Inflation- The consumer price index (CPI) started out the year at a 12-month percentage change of 7.5% A court-challenged student loan forgiveness plan is undecided as of January 2023. in January 2022, reached a year-to-year high of 9.1% in November.

Finance 242

Finance Banking Taxes Food 242

Money Talk

DECEMBER 21, 2022

No question about it: financial planning can be a high-maintenance activity. Consumer Price Index (CPI) – The Consumer Price Index (CPI) is a measure of inflation used by the U.S. Changes in the price of goods and services (e.g., Bureau of Labor Statistics. It is updated monthly.

401(k) 176

401(k) Banking Food Deductions 176

HR Lineup

APRIL 19, 2024

This can take various forms, including stock options, restricted stock units (RSUs), stock appreciation rights (SARs), and employee stock purchase plans (ESPPs). Stock Options: Stock options give employees the right to purchase a certain number of company shares at a fixed price (the exercise price) within a specified period of time.

Equity Compensation 79

Equity Compensation IT Taxes Compensation Equity 79

Employee Benefits

MAY 10, 2024

Many companies in the UK operate a Save As You Earn (SAYE) share plan, which offers employees a tax efficient way to invest in their company’s shares. However, without expert guidance, many participants may not understand their options once their share plan matures and could be at risk of paying unnecessary tax.

Taxes 52

Taxes Education Employee Benefits IT 52

PeopleKeep

APRIL 3, 2024

One option some employers may consider is a level-funded health plan. While you may be unfamiliar with level-funded health plans, they aren’t a new concept. Because of their fixed price and potential cost savings, they’ve become popular for employers with limited healthcare budgets.

Health Insurance 99

Health Insurance Healthcare Insurance Employee Benefits 99

McDermott Will & Emery Employee Benefits

MAY 25, 2023

The Centers for Medicare & Medicaid Services recently unveiled plans to toughen its hospital price transparency enforcement.

Hospitality 90

Hospitality Employee Benefits Health and Welfare IT 90

Money Talk

JANUARY 18, 2023

The year 2022 was chock full of news about inflation, with a year-to year Consumer Price Index increase of 9.1% Not surprisingly, much of the news was negative; e.g., soaring prices for food, gas, utilities, cars, insurance, and more. Increased Savings Contribution Limits - Maximum limits for employer retirement plans (e.g.,

401(k) 245

401(k) Banking Deductions Deductible 245

Employee Benefits

MAY 13, 2024

Scheme design and engagement Communicating with employees to understand their needs, as well as analysing benefit take-up trends, is a useful first step when designing a flexible benefits scheme and can ensure a plan adds tangible value. With this in mind, how can employers design a flexible benefits scheme for today’s workforce?

Benefits Package 105

Benefits Package Taxes Insurance Medical 105

Money Talk

SEPTEMBER 21, 2023

It began with a summary of recent “scary” economic events: recession fears, rising interest rates, bank failures, volatile stock prices, increased costs of basic expenses due to inflation, layoffs, low savings rates, increasing credit card APRs and household debt, housing unaffordability, and more.

Finance 140

Finance Banking Taxes IT 140

Workplace Insight

MARCH 20, 2024

This critical dialogue should set the stage for a well-planned handover if that outcome becomes necessary, underscoring the importance of a friendly transition to preserve customer satisfaction and the reputation of both the operator and the landlord.

Hospitality 105

Hospitality Management IT 105

Employee Benefits

JULY 24, 2023

We asked Jonathan Watts-Lay, Director, WEALTH at work, to tell us why workplaces may want to consider offering all employees share plans, the different types available and what they need to be aware of. He comments; “To encourage employees to save more, many companies offer share plans, one of the most popular being Save As You Earn (SAYE).

Taxes 98

Taxes Pension Salary Education 98

Money Talk

OCTOBER 20, 2022

The first step to mitigating errors is to become aware of common biases to plan to proactively minimize them. Example: comparing a sale price to a suggested retail price and thinking that the sale price must be a good deal. the stock market is risky”). They may make different decisions (e.g.,

Finance 350

Finance Retail Banking IT 350

Money Talk

MAY 31, 2023

Stocks and cryptocurrencies experienced big drops in value, bond prices decreased when interest rates rose, and cash assets were eroded by high inflation. Successful investors ride through down markets, stick with a disciplined long-term plan, and control two things: fees (e.g., Tax Planning - Until 12/31/25, taxes are “on sale.”

Finance 246

Finance Taxes Pension Education 246

InterWest Insurance Services

MARCH 21, 2024

A new area of potential liability for employers was recently opened when a class-action suit was filed against Johnson & Johnson, accusing it of mismanaging its pharmacy benefit manager plan, resulting in the health plan and its enrollees overspending millions of dollars on medications. The case The class action , filed Feb.

Pharmaceutical 52

Pharmaceutical Retail Insurance Medical 52

Employee Benefits

MARCH 4, 2024

The main financial concerns are rising utility prices (58%), putting plans on hold (55%) and increasing food prices (50%). The essential assistance offered through health cash plans can provide the perfect solution, creating a solid base from which to build an effective health and wellbeing strategy.”

Food 104

Food Benefit Providers Finance Utilities 104

Money Talk

MARCH 24, 2022

saving for later life in an IRA or 401(k) plan) while older women need “through retirement” goals. . ¨ “Through Retirement” Goals- Working age women often focus on “to retirement” goals (e.g., saving for later life in an IRA or 401(k) plan) while older women need “through retirement” goals. This is a mistake.

401(k) 360

401(k) Finance Entertainment Taxes 360

InterWest Insurance Services

AUGUST 10, 2023

While drugmakers have been assailed for years for increasing their prices and driving the cost of medications higher and higher, there is another player in the health care space that is receiving increased scrutiny: pharmacy benefit managers. Commonly, the price the plan pays for a drug is more than the pharmacy receives for it.

Out of Pocket Cost 98

Out of Pocket Cost Manufacturing Insurance Medical 98

Money Talk

JANUARY 13, 2022

Plan Around Inflation - Consider the impact of inflation on purchasing decisions made in 2022. Used car prices had one of the biggest price increases in the core inflation rate, which strips out food and energy. Used car prices had one of the biggest price increases in the core inflation rate, which strips out food and energy.

Taxes 239

Taxes Utilities Finance Banking 239

InterWest Insurance Services

MAY 26, 2023

While drugmakers have been assailed for years for increasing their prices and driving the cost of medications higher and higher, there is another player in the health care space that is receiving increased scrutiny: pharmacy benefit managers. Commonly, the price the plan pays for a drug is more than the pharmacy receives for it.

Out of Pocket Cost 98

Out of Pocket Cost Manufacturing Insurance Medical 98

Employee Benefits

APRIL 3, 2024

Credit: MAHATHIR MOHD YASIN / Shutterstock.com Global battery and lighting brand Energizer Group has completed a £44 million pensions buy-in for its Energizer UK Pension Plan. Buck acted as the employee benefit consultant, legal advice for the trustee was provided by Hogan Lovells, and Just Group used in-house legal support.

Pension 59

Pension Government Consulting Insurance 59

Best Money Moves

JANUARY 26, 2024

Although inflation cooled during the end of 2023 and price increases have somewhat slowed, most employees aren’t feeling the benefits of a recovering economy. Find out how inflation and high prices may still be affecting your employees. Americans are struggling to keep up with new market prices.

Retirement Plan 59

Retirement Plan Finance Entertainment Utilities 59

International Foundation of Employee Benefit Plans

JUNE 8, 2023

Congress has introduced a handful of bipartisan bills aiming to tackle drug prices by increasing transparency on pharmacy benefit managers (PBMs) and their practices that increase drug prices for group health plans. The fight to lower prescription drug costs is underway.

Management 92

Management Employee Benefits Insurance 92

InterWest Insurance Services

OCTOBER 20, 2022

Despite newly enacted federal transparency rules for hospitals and health plans, some large hospitals are still not posting the required price lists for their services, according to a recent report. The effect on health plan enrollees. But hopefully, that should change as more rules take effect.

Hospitality 98

Hospitality Out of Pocket Cost Insurance Medical 98

InterWest Insurance Services

MAY 2, 2024

When you look at the dental options for your employer-sponsored health plan, or if you’re just looking at the options available on the market, you may encounter the acronyms DMO and PPO (also known as a PDN), as well as indemnity plan, in the marketing literature. These terms describe types of dental insurance plans.

Insurance 85

Insurance Out of Pocket Cost Deductions Deductible 85

AssuredPartners

MAY 4, 2023

In addition to labor challenges, material procurement and pricing are affecting subcontractors’ profit margins. Although inflation plays a partial role, material price volatility, which became an industry fixture during the pandemic, is still causing disruption. Despite these challenges, there are some strategies that may help.

Construction 98

Construction Insurance Software Recruitment 98

Employee Benefits

NOVEMBER 14, 2023

“Managing money during the festive season can be a challenging time for employees, but some careful planning could allow individuals to enjoy the holidays without getting into debt.” Use online shopping hacks –Price comparison tools can be used to find the best deals on gifts.

Management 98

Management Entertainment Finance Deductions 98

Qandle

JANUARY 2, 2023

Timetastic Pricing. monthly price per user is competitive with the other leading time off management programmes. It’s the only programme on our list with an indefinite free plan for up to nine workers. The calendar feature is handy for keeping track of vacation times and employee leave management system. Timetastic.

Software 98

Software Management Overtime Human Resources 98

Benefit Resource Inc.

FEBRUARY 2, 2023

Save on prescriptions Another great way for employees to save is to research prescription prices. Make sure employees are aware of tools like GoodRx , which allows them to do a quick price comparison on prescriptions in their area. If the facility isn’t in-network, the prices might not be any lower than an emergency room visit.

Out of Pocket Cost 98

Out of Pocket Cost Insurance Carriers Management Finance 98

HR Digest

SEPTEMBER 16, 2023

Inflation is on the rise and so are the prices of everything, from gasoline to housing, with health benefits in the workplace the latest to report worrying numbers. The report cited that the inflation still trailing us from last year could be one of the reasons for the burgeoning expenses of health plans at work. on average in 2024.

Health and Welfare 85

Health and Welfare Employment Healthcare Pharmaceutical 85

Employee Benefits

APRIL 22, 2024

As prices soared last year, it decided to increase the financial wellbeing support it offer and introduced membership to AI money-saving tool Nous for all of its employees. Digital and technology recruiter Futureheads provides employees with a range of benefits and guidance to help them through any financial pressures.

Parental Leave 59

Parental Leave Taxes Technology Recruitment 59

Florida Workers' Comp

FEBRUARY 27, 2024

To increase price (wages), one need only increase demand for the service or decrease the supply of those who provide it. Either of these paths will increase the price to the consumer. There are many interesting applications of the economic concepts of supply and demand. They surround us in our daily lives. Check the U.S.

Health and Welfare 80

Health and Welfare Workers’ Compensation Medical Government 80

Employee Benefits

OCTOBER 16, 2023

If it looks like funding levels are affordable for the scheme against current expected bulk annuity pricing , trustees appoint a consultant to approach the market and insurers. A buy-in is a contract between a defined benefit pension scheme and an employer that removes longevity, market, interest and inflation risks. What is a buy-in?

Pension 105

Pension Insurance Consulting Government 105

Proskauer's Employee Benefits & Executive Compensa

NOVEMBER 23, 2022

15, 2022), a Pennsylvania district court dismissed an ERISA excessive fee complaint for failing to provide enough information about alleged comparator plans that allegedly paid less for recordkeeping services. The plaintiffs in Krutchen are former employees of the plan sponsor defendant who participated in its 401(k) plan.

401(k) 110

401(k) IT 110

Employee Benefits

DECEMBER 13, 2022

After months of rising prices, this fast-approaching festive season may be a daunting prospect for many when we consider what is usually spent on purchasing gifts, clothing, and decorations, as well as nights out or hosting Christmas dinner. Agree a price limit with family and friends. Utilise online shopping hacks.

Management 105

Management Finance Food Banking 105