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Author: Webber Advisors
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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%,…
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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…
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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,…
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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…
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Benefits Breakdown August 2023 | Pennsylvania Benefits Team
Strategies for Identifying and Resolving Gaps in Benefits Offerings Identifying gaps in benefits offerings can be complex, as it requires a careful assessment of employee preferences, trends and organizational resources. However, this task is vital; benefits offerings can lead to increased employee engagement and satisfaction. Consider the following strategies for identifying and addressing these gaps:…
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Why Health Insurance Matters | Pennsylvania Benefits Partners
Health insurance may not be the most exciting thing to shop for but it’s one of the most important things that you can buy for yourself and for your family. Having health insurance has many benefits. It protects you and your family from financial loss in the same way that home or car insurance does. …
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Information Is Power – Be an Informed Healthcare Consumer! | PA Benefits Advisors
With health care costs on the rise, it’s more important than ever to take responsibility for your medical care choices. Asking questions and researching your options are good ways to start taking control of how much you spend on health care. Becoming an educated healthcare consumer is important for making informed decisions about your health and…
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Quarterly Market Update Q2 2023 | Pennsylvania Benefits Group
Review Stocks are off to a hot start as we venture into the second half of 2023, setting a blazing pace for the year. Leading the charge is the NASDAQ, which has soared an impressive 36% year-to-date. This remarkable surge can be largely attributed to the resurgence of tech stocks which were beaten up in…
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12 Ways HR Can Calm Fears about ChatGPT and AI Replacing Humans | PA Benefits Firm
Artificial intelligence (AI) is creating a swirling sense of anxiety, depression, excitement, and joy all at once. Many people want to use AI to make their work easier, to become more efficient. However, they are also fearful that the robots may replace them. Human Resources professionals have an obligation to prepare the workforce for a future in…
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Benefits Breakdown – July 2023 | PA Employee Benefits Advisors
Managing Costs Associated With Cell and Gene Therapy Cell and gene therapy (CGT) is a treatment that modifies a patient’s genetic code to treat or cure specific diseases. These treatments have the potential to enhance patient care and outcomes, but they come at a very high cost. While there’s an urgency to bring CGT to…
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