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By Tony Maffeo
Having outstanding benefits options is critical for attracting and retaining employees. But in order to capitalize on those options, employers need to effectively market their offerings to employees and candidates. If employees and candidates aren’t aware of or do not understand the benefits available to them, they do the employer little good. As...
By Tony Maffeo
Each workforce is comprised of unique individuals with diverse backgrounds and interests. So why opt for a one-size-fits-all benefits package? Instead, consider providing benefits options that are as unique as your employees. Doing so could be the attraction and retention tool that sets your workplace apart.
By Tony Maffeo
Obesity can increase the risk of serious illnesses and health conditions, such as high blood pressure, Type 2 diabetes, stroke, cancer, mental illness and gallbladder disease. But losing weight can be challenging, and many individuals struggle to lose weight even with healthy lifestyle choices like diet and exercise. For this reason, many...
By Tony Maffeo
Navigating the intricacies of health care insurance can be daunting, especially for those approaching retirement age or already enrolled in Medicare. While original Medicare provides essential coverage, it often leaves beneficiaries with out-of-pocket costs. To address these gaps, many individuals turn to Medicare supplement insurance, commonly...
By Tony Maffeo
The IRS recently issued a bulletin to remind taxpayers that tax-advantaged medical savings accounts, such as health flexible spending accounts (FSAs) and health reimbursement arrangements (HRAs), cannot pay for personal expenses for general health and wellness. Similarly, health savings accounts (HSAs) cannot be used to pay for these personal...
By Tony Maffeo
The federal government is continuing its efforts to improve access to mental health and substance use disorder (MH/SUD) care in 2024, with a top enforcement priority being compliance with the Mental Health Parity and Addiction Equity Act (MHPAEA) for employer-sponsored health plans.
By Tony Maffeo
Employers should be aware of the top compliance issues that impact their health plan coverage for 2024. Some of these compliance issues are established requirements for employers, such as the expanded electronic reporting requirement under the Affordable Care Act (ACA). Other compliance issues are anticipated developments employers should monitor,...
By Tony Maffeo
Attraction and retention challenges remained persistent in 2023 as organizations across industries struggled to find and keep workers. Zywave’s 2023 Attraction and Retention Employer Pulse Survey found that over 60% of respondents listed attraction and retention as a top-five business challenge, but this was notably down from 80% in 2022. Looking...
By Tony Maffeo
A pharmacy benefits manager (PBM) is an entity that acts as an intermediary between stakeholders in the pharmacy benefits marketplace. These entities connect with employers, drug wholesalers, plan members, pharmacies and drug companies. Many employers use PBMs to interface with drug manufacturers and process prescription drug claims, which can...
By Tony Maffeo
A new survey by Willis Towers Watson (WTW) revealed that 84% of U.S. employers plan to change their leave programs in the next two years. More organizations are investing in their leave programs in an effort to remain competitive and improve attraction and retention.
