Employee benefits

Those who operate a retirement plan face significant potential liability and risk, cautions a new Lockton report.

The Leapfrog Group, an employer coalition advocating increased health care quality and safety, joined many other organizations in applauding the Obama administration's new $1 billion Partnership for Patients safety program.

"Why Work Sucks and How to Fix It: The Results-Only Revolution," by Cali Ressler and Jody Thompson, is an easy read that outlines the concept of ROWE (Results-Only Work Environment) and how implementing ROWE can revolutionize work as we know it.

Employers nationwide - big and small, retail and high-tech - are watching and waiting keenly to see whether the public state exchanges created under health care reform will succeed when they open for business in 2014. Small employers and those with low-paid or part-time employees are especially interested in finding out whether funneling their employees into, or finding coverage for them through, an exchange would be beneficial.

Having spent about 30 years in health care benefits consulting, health plan management and health services delivery, I've witnessed many products, services, strategies and platforms introduced to the employer market, climb to the top of the solutions menu and eventually fade away as more effective alternatives emerge. One very popular solution today is the onsite health clinic.

As a CPA with 20+ years of experience, I'm a big supporter of accountability and company audits. (See a related story on page 10 on benefit plan audits.) Early in my career as an auditor, I made a living by ensuring companies said what they did and did what they said. The Statement on Auditing Standards No. 70: Service Organizations, commonly known as the SAS 70, has been an industry staple since its issuance in 1992 and a requisite for service providers to test internal controls.

Not complying with current law can be expensive in today's legal climate. Thus, employers should review their employee handbooks and employment-related policies to make sure they are up to date. More importantly, though, employers should draft their handbooks so their employees actually read them and follow their policies.

Some employers are investing more time and resources to find out whether workers are tobacco-free and in the process are rewarding those who pass muster with lower health premiums or financial rewards.

It’s no surprise that unhealthy employees cost employers big bucks. But a new workforce wellness index shows that the unhealthy behaviors of the U.S. workforce cost employers an average of $670 per employee annually.

Even though 68% of workers are saving for retirement, nearly half (46%) have less than $10,000 saved for retirement, and 50% are not confident they will have enough money to live comfortably in retirement, a survey by the Employee Benefits Research Institute found.

A new statewide survey by the Georgia Association of Physician Assistants is stirring debate about the extent to which insurance protocols serve as harmful barriers to patient care or necessary cost controls.

A program including regular follow-ups with nurses and focused attempts to cut back on TV, fast food, and sodas appears to keep some overweight and obese kids from gaining more weight, according to a new study.

A large online survey of medical practices, with nearly 4,600 responses, finds no consensus that electronic health records systems increase physician productivity.

Most health systems adopting an accountable care organization model will lose money during the first three years, according to a report posted on the New England Journal of Medicine Web site.

Most critical illness insurance policyholders are 55 or older; men buy higher coverage amounts than women; and claimants overwhelmingly seek benefits for cancer over all other conditions, suggests a new comprehensive study of more than 20,500 individual policies purchased last year.

Americans may be clipping money-saving coupons and delaying buying a new home, but when it comes to their pets they're spending more than ever, according to a new survey.

U.S. health insurers offering private Medicare Advantage plans will see an average net 0.4 percent increase in federal reimbursements next year, the Centers for Medicare and Medicaid Services said on Monday.

A majority of Americans find retirement planning confusing and want additional help, a study by the ING Retirement Research Institute conducted by the Boston Consulting Group found.

The economy still may be stuck in neutral, but industry brokers, carriers and vendors are bullish about the future of voluntary benefits.

Republicans in the U.S. House accused the AARP of gaining financially from President Barack Obama's healthcare overhaul, which the influential elderly advocacy group supported.