Amid ongoing inflation pressures, employees and employers alike can expect their healthcare costs to increase in 2024. Global professional services firm Aon reported that health care costs for employers will grow by 8.5% in 2024 (to more than $15,000 per employee), nearly double 2023’s figure. In line with those findings, the Business Group on Health’s 2024 Large Employer Health Care Strategy Survey predicts a 6% increase in health care costs in 2024.
Tornadoes occur with the greatest frequency during late spring and early summer months between the hours of 4 p.m. and 8 p.m. According to the National Oceanic and Atmospheric Administration (NOAA), every one of Texas’ 254 counties has seen at least one tornado between 1950 and 2023. The most active region in Texas for tornados is the Red River Valley of North Texas.
The Patient Protection and Affordable Care Act (PPACA), commonly known as Obamacare, levies hefty penalties on employers who do not comply with key provisions of the law.
This year’s open enrollment period presents some unique challenges for employers looking to effectively communicate benefits options to employees. With rising healthcare costs, high inflation, a hybrid workforce split between office and remote settings, and workers facing mounting financial pressures, it is more important than ever for organizations to get open enrolment right.
The opioid epidemic continues to ravage communities across America, taking over 41 lives per day and costing billions in lost productivity and increased healthcare expenses. As employers seek solutions to keep their workforce safe and productive, virtual physical therapy has emerged as an innovative approach.
When employees require surgery, the costs to employers can be immense—not only the direct medical bills but also lost productivity from time off work. However, a growing number of employers are realizing that many recommended surgeries may be unnecessary. By offering employees access to second opinion consultations through virtual health partners, employers can enjoy significant savings per avoided surgery while improving worker health outcomes.
In 2021 alone, there were 34 school shootings, 24 of which occurred after August 1. A shooting on November 30, in which a student killed four people and injured seven at a Michigan high school, was the deadliest school shooting since May 2018. As of the end of 2021, there were 92 school shootings since 2018.
OSHA recently revealed its top 10 most frequently cited standards in the 2023 fiscal year using preliminary data. This information is valuable for businesses of all kinds, as it helps them identify common exposures that affect their workforce and gives them the information they need to plan their compliance programs.
New research from digital media company Arizent revealed employee benefits leaders’ biggest challenges and strategies for increasing benefits utilization. These findings can help shape employers’ 2024 open enrollment plans.
Businesses of all sizes and sectors may be subject to unlawful data processing claims. According to the International Association of Privacy Professionals, lawsuits focusing on whether businesses lawfully collect and use personal data have been steadily increasing. These claims can cause significant financial and reputational damage to companies.