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Workforce Benefits – Stories

Specialty Drugs and the Cost Conundrum

January 3, 2013
Steep prices of specialty drugs—such as Humira or Enbrel, which can cost more than $14,000 annually—are prompting employers to focus on managing the expense. But the question is how. “There are lots of cogs in this wheel and that complicates the management of these drugs,” says Cheryl Larson, vice president of the Midwest Business Group on Health.
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Tax Bill Will Reduce 401(k) Taxes, Ease Fund Transfers

January 2, 2013
A provision tucked into the American Taxpayer Relief Act will expand the opportunities for employees to transfer funds from traditional 401(k) plans to Roth 401(k)s. Employees who are in lower tax brackets now compared with when they retire will reap big tax savings from such transfers.
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