Get In Touch
Author: LR Webber
-
Medicare Part D Notices Are Due Before Oct. 15, 2023 | Pennsylvania Benefits Partners
Highlights Medicare Part D imposes disclosure requirements on employers with group health plans that provide prescription drug coverage to Medicare-eligible individuals. Plan sponsors must provide the annual Medicare Part D creditable coverage disclosure notices to individuals before Oct. 15, 2023. Model notices are available for employers to use. Each year, Medicare Part D requires group…
-
The Return of Student Loans | PA Benefits Advisors
In the U.S., the outstanding balance is $1.75 trillion in student loan debt. Approximately 55% of students from public four-year universities have student loans, with a balance of $37,338 owed per borrower. Beginning in October, workers nationwide will need to resume payments on their student loans for the first time since March 2020. The pandemic-related…
-
Benefits 101: What Is Open Enrollment? | Pennsylvania Benefits Group
For millions of Americans, the end of the year is open enrollment season – a yearly opportunity to take stock of your health care needs and select the health insurance plan that works best for you. It is a window of time – typically in the fall – when you can sign up for health…
-
Benefits Insights: A Primer on Medical Stop-loss Insurance | PA Benefits Team
Catastrophic and unexpected health care claims are on the rise. This increase in catastrophic claims is, in part, the result of medical and pharmaceutical advances, such as specialty drugs and cell and gene therapies, as well as medical price inflation. As a result, many employers with self-funded health plans are actively looking for ways to…
-
8 Unique Benefits Employers Are Offering to Attract Talent in Asia-Pacific | PA Benefits Firm
If the so-called Great Resignation taught us anything, it’s that employees are looking for more than just a salary when it comes to their jobs. Employee benefits have a crucial part in enhancing engagement, attracting new employees, and retaining top talent. Employee benefits refer to any form of compensation that employees receive in addition to their base…
-
Benefits Breakdown September 2023 | PA Employee Benefits Advisors
2024 Open Enrollment: The Power of Early Preparation With the 2024 open enrollment season fast approaching, employers have an opportunity to develop attractive benefits offerings and proactively communicate with employees to win them over. Early preparation can help show employees they’re valued, convince top performers to stay in their current positions and attract new talent.…
-
News Brief: Health Care Costs Projected to Grow 7% in 2024 | PA Benefits Team
Health care costs are expected to grow 7% in 2024 due to rising pharmaceutical expenses driven by specialty drugs and insurers increasing rates in response to inflation, according to an annual report from professional services firm PricewaterhouseCoopers (PwC). This trend is higher than 2022’s and 2023’s projected medical cost rates, which were 5.5% and 6%,…
-
Trending Topics: Fertility Benefits | PA Employee Benefits Agents
Did you know that in 2017 the American Medical Association and the World Health Organization recognized infertility as a disease? Approximately 17.5% – roughly one in six couples– are affected by infertility in the U.S. As societal norms and employee expectations continue to evolve, companies are recognizing the importance of offering comprehensive benefits packages that…
-
Employee Disengagement – Loud Quitting Has Arrived | Pennsylvania Benefits Agency
Gallup recently sounded the alarm on the employee engagement crisis. A survey revealed that nearly 60% of 120,000 of the world’s workers are quiet quitting or not engaging, and 18% are actively disengaged, which Gallup labeled as loud quitting. This is a surprise to the public, but Human Resources professionals saw this coming. In the State of HR survey,…
-
Identifying Leaders: The Key to Attracting, Motivating, and Retaining the Best Employees | PA Benefits Group
In today’s challenging labor market, it is more essential than ever to be able to attract and retain the best employees. Although we often hear compensation as a main motivator for leaving a company, one can argue that having a great manager leading them could prevent them from looking in the first place. According to…
Blog