Under the measure headed for a vote this week on the House floor, employers could amend their FSAs to allow employees to withdraw as taxable cash up to $500 in unused balances remaining at the end of the plan year or at the end of an FSA grace period, if an employer has that feature. Read More
Social wellness tools won't do much if you don't establish objectives and a time frame for meeting them, says Jennifer Benz, a San Francisco-based employee wellness communications consultant.Read More
To win at employee wellness programs, companies are turning to online fitness challenges and Facebook-style social networks to boost workers' options, improve engagement and cut costs.
The Workers' Compensation Research Institute said California's medical costs per workers' comp claim increased 8 percent per year from 2005 to 2009.Read More
Under this health care program, physicians and hospitals work together with Medicare to provide coordinated care to beneficiaries in exchange for shared savings.
Of the $240,000 needed to cover a retired couple's health care expenses, Fidelity estimates 32 percent will go toward paying Medicare Part B and Part D premiums; 45 percent will be consumed by expenses not covered by Medicare; and 23 percent will be spent on out-of-pocket prescription drug expenses.
Large and small employers have banded together to form the Essential Health Benefits Coalition to voice concerns in Washington and statehouses around the country on the issue.Read More
The refunds are the result of provisions of the Patient Protection and Affordable Care Act that took effect in 2011 which limit medical loss ratios, the amount of premium dollars health insurers can reserve for profit and administrative costs. Read More
Employers are addressing the practice in part by looking at their benefit design and increasing deductibles and lowering out-of-pocket maximums so workers must pay a larger share for going out of network.Read More
Under a provision in the Patient Protection and Affordable Care Act, which goes into effect on Jan. 1, 2013, the maximum annual contribution employees can make to their FSAs is $2,500. Read More