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The cost of employee healthcare benefits around the globe is trending higher, driven largely by the higher cost of hospital and inpatient services, medical technology, and the overuse of services, according to a survey of medical insurers by Willis Towers Watson, a global advisory, broking, and solutions company. The Willis Towers Watson Global Medical Trends […]
Working families and workers under 30 years old are the least comfortable in their personal knowledge and skills when it comes to navigating medical benefits and healthcare systems, according to a new survey. While these workers want more healthcare resources, they aren’t utilizing the tools and programs available to them due to a perceived lack […]
As wellness and prevention swiftly become the No. 1 driving force behind employer-sponsored health benefits, you may have noticed that the wellness industry is expanding—exploding, really—in turn. This trend is creating a tougher challenge for corporate leaders, who are seeking to successfully navigate a fast-moving market with a hefty array of services.
By Caitlin Far, senior communications consultant, Burnham Benefits Insurance Services In part one of this article, we looked at the steps required to build a healthcare education campaign. Now we’ll look at how to distribute it across the organization.
Faced with the need to attract and retain a competitive workforce and maintain or decrease overall operating costs, employers are looking for meaningful data to guide their benefit decisions.
By Caitlin Far, senior communications consultant, Burnham Benefits Insurance Services With the unemployment rate now below five percent, workers feeling more confident about leaving their current position in search of a new situation, and job openings expanding, employers are increasingly relying on the power of their benefit packages to not only attract talent, but retain […]
In its inaugural “State of Employee Benefits 2016” report, Benefitfocus found companies are altering their healthcare plan design to shift greater financial responsibility to employees via voluntary benefits, driving the need for a different approach to healthcare consumption. These benefits can be powerful tools in helping cover the costs associated with consumer-driven health care, says […]
As a part of its continued efforts to assess compliance with the Health Insurance Portability and Accountability Act (HIPAA) Privacy, Security, and Breach Notification Rules, the U.S. Department of Health and Human Services (HHS) Office for Civil Rights (OCR) has begun a round of audits of covered entities and their business associates.
Millennial employees—18 to 34 years old—selected high deductible healthcare plans more than any other age group. However, while approximately 44% of employees in this group chose HDHPs, a much smaller number of these employees took full advantage of health savings accounts (HSAs), according to Benefitfocus inaugural “State of Employee Benefits 2016” report.
A new ADP® study reveals that middle market employers’ concerns about government regulations have grown dramatically, superseding their concerns about the Affordable Care Act (ACA) and health care costs for the first time since the study’s inception in 2012.