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Report Finds Weight Loss Drugs Key Driver of 2025 Health Care Cost Increase

By |2024-09-03T15:18:00+00:00September 3rd, 2024|Blog, Employee Benefits|

A recent Business Group on Health (BGH) survey found that heightened interest and spending on glucagon-like peptide-1(GLP-1) drugs is a major driver of rising health care costs in 2025.

What Employers Need to Know About the New HIPAA Privacy Rule

By |2024-08-08T14:29:06+00:00August 8th, 2024|Blog, Employee Benefits|

A new Health Insurance Portability and Accountability Act (HIPAA) privacy rule went into effect on June 25, that prohibits the disclosure of protected health information related to lawful reproductive health care in certain situations.

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Set it But Don’t Forget it: Maintaining Your Auto-401(k) Features

By |2024-08-08T14:38:48+00:00August 7th, 2024|Blog, Employee Benefits|

When 401(k) auto-features like automatic enrollment, automatic deferrals, and automatic escalation first emerged, they seemed like a total game-changer.

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Give Employees Peace of Mind with Accident Insurance

By |2024-08-08T14:49:59+00:00August 6th, 2024|Blog, Employee Benefits|

Unexpected injuries can lead to financial stress for many workers. With accident insurance, employers have an opportunity to provide additional financial support to employees.

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Open Enrollment 2025 – Health Savings Accounts (HSAs)

By |2024-08-09T17:38:47+00:00August 3rd, 2024|Blog, Employee Benefits|

There are many advantages to selecting an HDHP/HSA option at open enrollment time—for example, HSAs have three levels of tax savings and HDHPs typically have lower monthly premiums.

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8 Tips for Effective Open Enrollment Communication

By |2024-08-09T17:33:42+00:00August 2nd, 2024|Blog, Employee Benefits|

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 Willis Towers Watson report, 84% of employers plan to expand their tools in 2023 to help employees navigate their enrollment decisions, compared with 70% last year. Employees are likely paying more attention this year as they also navigate record-high inflation and work to maximize every hard-earned dollar.

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Using HSAs, Health FSAs and HRAs for Over-the-Counter Items

By |2024-07-25T18:08:14+00:00July 19th, 2024|Blog, Employee Benefits|

Health savings accounts (HSAs), health flexible spending accounts (FSAs) and health reimbursement arrangements (HRAs) may provide tax-free reimbursements of certain over-the-counter (OTC) items. OTC items are generally available to consumers without a prescription.

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Inflation Drives 2025 HSA Contribution Limits Up Again

By |2024-07-08T15:44:36+00:00July 8th, 2024|Blog, Employee Benefits|

As inflation continues, the IRS has announced higher health savings account (HSA) contribution limits for 2025. The boosted limits give employees more room to save and invest money for medical expenses tax-free.

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Everything Employers Need to Know About Overtime Pay Rule Changes

By |2024-07-08T15:57:56+00:00July 5th, 2024|Blog, Employee Benefits|

The U.S. Department of Labor (DOL) recently implemented the first phase of a two-step update to overtime pay regulations under the Fair Labor Standards Act (FLSA) that will substantially impact American workplaces.

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How Well are Current Employee Benefits Programs Meeting the Needs of Modern Families?

By |2024-07-08T16:05:01+00:00July 4th, 2024|Blog, Employee Benefits|

When it comes to supporting employees with families, traditional benefit offerings may no longer cut it. As concepts of family expand beyond the nuclear unit, benefits must evolve to meet a wider range of needs.

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