The first-year assessment paid by very large employers—those with at least 100,000 employees—will run into millions of dollars, for which employers will receive no direct benefit.Read More
Fifty-two percent of workers indicated their employers have not distributed any communication regarding upcoming open enrollment periods. Thirty-nine percent said they were only somewhat prepared for open enrollments, while 26 percent said they were unprepared or very unprepared.Read More
One challenge for middle-market companies is the U.S. Department of Labor has yet to finalize the regulations implementing the mandate in Section 1511 of the Patient Protection and Affordable Care Act. In fact, the labor department already has said that its automatic enrollment guidance will not be ready to take effect by 2014. Read More
In the marketplace, employers' relationship with health care must be guided not only by the compassion of human resources but by the hard-headedness of finance and risk management.
The provision is included in a broader bill, the Family and Business Tax Cut Certainty Act, approved Aug. 2 by the Senate panel on a 19-5 vote.Read More
High-deductible health plans have been touted as a savvy behavioral tool to motivate enrollees to more closely scrutinize the price tag of imaging tests, brand-name drugs and more. But at what point does the hefty deductible discourage employees and their families from getting potential health problems checked out or treated?
'People who were confused about what was covered [outside of the deductible] were more likely to cut back on care,' one researcher says.
The findings are similar to those last month from the International Foundation of Employee Benefit Plans, which found that 85 percent of respondents said they definitely would or were very likely to continue coverage.Read More
Employers will continue to value plan liabilities based on interest rates on top-rated corporate bonds for three different segments, averaged over 24 months. Segments refer to when benefits are paid to participants.Read More
The Ford Actions Impacting Retirees Alliance hired a team of lawyers, consultants and accountants to review the proposal Ford made this month, and in a letter to its members, advised against accepting the buyout, the Detroit News reported.