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Medicare Drug Price Negotiations: Industry Impacts
The Biden administration recently unveiled the first 10 prescription drugs subject to Medicare price negotiations. The Medicare Drug Price Negotiation Program—part of the Inflation Reduction Act (IRA)—is the Biden administration’s latest effort to combat rising health...
The Benefits of Direct Primary Care for Employers
Having a primary care physician is one of the most important things an individual can do for their health, as it helps ensure they receive regular check-ups, aids in preventive care and allows for intervention before more intensive treatment is required. However,...
The Most Valuable Types of Disability Insurance
Over the last few years, employers have been expanding their voluntary employee benefits offerings as a way to address their employees’ needs and improve overall attraction and retention efforts. While voluntary benefits have become increasingly important to employees...
2023 Open Enrollment Tips for Employers
Now more than ever, employees are looking to their employers for guidance on navigating their available benefits and how to stretch their dollars further. As such, effective open enrollment communication is critical this year. According to a Voya Financial survey,...
Helping Employees Navigate Insurance Coverage for Newborns
When an employee welcomes a child into the world, it’s often a joyous occasion. It also comes with significant responsibilities, including ensuring the child’s health and well-being. Securing health insurance for a newborns and newly adopted children is a crucial step...
Weight Loss Drugs and Insurance: What Employers Should Know
The popularity of weight loss drugs has reached a fever pitch in the United States. This trend has made its way into the workplace, with employees increasingly asking their employers about weight loss drugs and insurance coverage, for medications such as Wegovy. Other...
2023 Midyear Employer Benefit Trends
Heading into the latter half of 2023, there are several benefits trends impacting employers. While some of these trends are new, many are not, and employers have been trying to address many of the same benefits challenges for the last few years. Some employers have...
Reference-Based Pricing for Employers
Health care costs continue to rise, which means employers need to take every opportunity to lower expenses. One cost containment strategy is to employ a reference-based pricing model (RBP). RBP enables employers to set limits on certain medical services, shifting the...
Executive Benefits Employers Can Offer
Retaining top talent is a major priority for most businesses, especially members of the executive staff. Executive benefit plans are designed to provide your top employees with a higher level of benefits and compensation, especially since 401(k) plans restrict the...