For the past two decades, health costs have increased each year. This happens for a variety of reasons, such as inflation or, say, a global pandemic. With that in mind, you can be sure health prices will go up again in 2023. According to a PricewaterhouseCoopers (PwC) report, medical costs have increased an average of … Continued
By way of background, the Affordable Care Act (ACA) created the Patient-Centered Outcomes Research Institute (PCORI) to study clinical effectiveness and health outcomes. To finance the Institute’s work, a small annual fee—commonly called the PCORI fee—is charged on group health plans. Grandfathered health plans are not exempt. Most employers do not have to take any … Continued
The workplace has been changing faster than anyone could have predicted. While the COVID-19 pandemic is largely responsible for these changes, various social movements and technological advancements have also played a role. Many of these changes occurred suddenly, leaving no time to prepare. These rapid changes created—and in some cases exposed—several workplace challenges, which are … Continued
Payroll works the same way in almost every full-time job. Employees earn money by working, and they all receive their earnings on a set date: payday. However, in an era of same-day shipping, on-demand movies, and unlimited mobile access, individuals are increasingly expecting prompt access to nearly anything they need. For employees, this also means … Continued
An employee’s mental health includes how they think, feel and act, and includes their emotional and social well-being. While mental health includes mental illness, the two aren’t interchangeable. An employee can go through a period of poor mental health but not necessarily have a clear, diagnosable mental illness. Additionally, an employee’s mental health can change … Continued
The United States Supreme Court (SCOTUS) has been turning long-standing rules on their heads this term. Medicare Secondary Payor (“MSP”) rules have long said that Medicare pays second to a group health plan for the first 30-months of dialysis. Additionally, HIPAA Nondiscrimination rules prohibit discrimination in eligibility or continued eligibility for health plan coverage based … Continued
The Great Resignation has paved the way for resignation remorse, according to a number of publications. In fact, 72% of the 2,500 U.S. workers surveyed by The Muse said their new role or company was very different from what they had been led to believe. For HR leaders still dealing with a labor shortage or … Continued
Companies spend a large amount of time and money creating valuable benefits plans for employees. But after all that work, they often get low participation. Good benefit choices require an effort from employers to ensure that employees have help in understanding their benefits options. To make things even more complex, employers are having to consider … Continued
Most HR leaders agree that building a strong learning culture is the foundation for achieving positive business outcomes and effectively confronting the future of work. In addition, a younger generation of workers is demanding more of employers, and they expect career development and continuous learning to be the norm. As a result, learning culture influences employee engagement … Continued
Smart spending can keep your health care from costing an arm and a leg. With costs rising on everything from gas to food, every penny counts. It pays to shop smart – that is why it helps to learn how to take steps to limit your out-of-pocket health care costs. Save Money on Prescriptions Go … Continued
Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA www.finra.org / SIPC www.sipc.org, to residents of: DC, FL, MD, NJ, NY, OH, PA, SC, TX, CA, CO, GA, and OK. Advisory services through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Webber Advisors and the Leavitt Group are not affiliated with Cambridge. Fixed insurance and benefit services are not offered through Cambridge.
Testimonials provided are related to insurance and employee benefit services.
