Compensation
Compensation
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Six federal agencies have issued a final rule requiring insurers to provide to consumers at the time of enrollment a plain-English summary of benefits and coverage, and a uniform glossary of terms.
February 14 -
The number of Americans signing up for unemployment benefits unexpectedly fell last week, the latest sign of recovery in the labor market.
February 13 -
Despite evidence that younger investors are well-positioned to benefit from long-term retirement savings less than half (45%) plan to contribute to an Individual Retirement Account for the 2011 tax year, according to research.
February 13 -
A growing number of younger participants in 401(k) retirement plans are investing in target-date funds, according to a recent analysis. Using data from the EBRI/ICI 401(k) database, Employee Benefit Research Institute finds that the percentage of recently hired 401(k) participants with two or fewer years of tenure holding TDFs jumped from 43.6% in 2008 to 46.6% in 2009 increasing slightly to 47.6% in 2010.
February 8 -
The cost of health care for individuals with employer-sponsored health insurance rose 4% in the third quarter of 2011 versus the third quarter of 2010, and 0.9% versus the second quarter of 2011, new data reveal.
February 8 -
Employers share some of the blame for rising health care costs, but they also have the ability to dramatically cut those costs with a few simple steps, according to a speaker at the 2012 Employer Health & Human Capital Congress in Washington.
February 8 -
Objections to Express Scripts' $29 billion plan to buy rival pharmacy benefits manager Medco Health Solutions are accumulating as U.S. antitrust regulators weigh whether they have enough evidence to stop the megamerger.
February 7 -
Tuesday morning, the 2012 Employer Health and Human Capitol Congress kicked off in Washington, D.C., with Sen. Amy Klobuchar (D-Minn.) and Rep. Ron Kind (D-Wis.) emphasizing the role of employers in pushing for payment reform in the health care system and advancing health information technology, which could drastically change health care spending and costs to both employees and employees.
February 7 -
The Department of Health and Human Services expects soon to publish a final rule to govern establishment of state insurance exchanges to provide one-stop shopping for health coverage, and a proposed rule to establish the long-delayed unique identifier for health plans.
February 7 -
Paul Keckley, executive director at the Deloitte Center for Health Solutions, recently underwent knee surgery and things have not gone so well on the treatment and payment sides.
February 6 -
Almost all employees who participate in one-on-one benefits counseling sessions during enrollment say they have a greater understanding of their employer-sponsored benefits.
February 6 -
A Senate bill introduced Friday as a companion to legislation in the House that would exclude agent compensation from the Medical Loss Ratio formula has industry organizations optimistic about a permanent fix.
February 6 -
One-to-one benefits counseling during open enrollment significantly improves employees understanding of their benefits, according to a recent post-enrollment survey.
February 6 -
Walgreens is being hit by its withdrawal from the Express Scripts Inc pharmacy network and by a much-weaker-than-expected flu season, leading it to temper its expectations for the number of prescriptions it will fill this year.
February 6 -
Big shifts may be coming in how retirement plans are managed after the the Labor Department Thursday announced the final version of its rules under Section 408(b)(2) of ERISA, which require broker dealers disclose their services and fees to plan sponsors for individual plans.
February 3 -
The U.S. Labor Department has removed a controversial part of its proposed 401(k) fee disclosure rule that would have required retirement plan providers to create a summary document, or "roadmap," of all their fees for employers.
February 3 -
The House of Representatives voted Wednesday to officially repeal the CLASS Act, the long-term care provision of the Patient Protection and Affordable Care Act.
February 2 -
Based on 30+ years of plan sponsor experience, I believe negative press about 401(k) loans are aimed at the wrong target. Rather, hardship withdrawals should be in the crosshairs, not loans.
February 1 -
It may seem like science fiction, but telehealth technology is making real-life strides in curbing consumer health care costs while ensuring convenience and efficiency for patients.
February 1 -
Thirty-three percent of major employers offer transgender-inclusive benefits. This is five times more companies than last year, and a big part of the push came from the Corporate Equality Index, a series of guidelines from the Human Rights Campaign that measured employers on five criteria regarding benefits for transgendered workers: short-term leave, counseling by a mental health professional, hormone therapy, medical visits to monitor hormone therapy and surgical procedures, without any exclusions.
February 1