Inflation Reduction Act (IRA): Healthcare Provisions Employers Should Know
President Joe Biden signed the Inflation Reduction Act (IRA) into law on August 16, following House and Senate passage. The law's healthcare provisions and increase in IRS auditors could impact employer-sponsored health and retirement plans, so group health plan sponsors should keep an eye on the legislation's provisions, experts say.
What to Consider When Choosing a Health Benefits Account
According to the Kaiser Family Foundation, approximately 156,199,800 Americans receive health coverage via employer-sponsored plans.
Rising Healthcare Costs Compel Employers to Prioritize Plan Affordability
As healthcare benefits costs continue to rise, 67% of U.S. employers are focused on cost control over the next three years. This is in response to an expected 6% increase in healthcare costs in 2023, compared to the average 5% increase this year.
New Legislation for Reducing Premature Retirement Savings Cashouts
United States Senators Tim Scott (R-S.C.) and Sherrod Brown (D-OH) have introduced the Advancing Auto Portability Act of 2022, which would make it easier for workers to keep their retirement savings with them when they switch jobs. The bill aims to encourage the adoption of auto portability programs.
Keeping Violence Out of Our Place of Healing
Although we strive to create a safe work environment for you, the risk of workplace violence in any health care facility remains a serious safety and health issue. Violence can range from threats and verbal abuse to physical assaults and homicide. According to the U.S. Bureau of Labor Statistics (BLS), the health care sector leads all other industries with 45 percent of all nonfatal assaults against workers resulting in time off work.
KFF Survey Explores America’s Mental Health Crisis
Mental health is a serious concern for the majority of American adults, according to a new survey conducted by the Kaiser Family Foundation (KFF) and CNN.