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Prescription drugs continue to be a primary driver of employer-sponsored health care costs. Last year, per-employee costs jumped 5.2 percent, and prescriptions remain the fastest-growing plan expense, according to the 2023 National Survey of Employer-Sponsored Health Plans.
The Affordable Care Act requires employers to provide their group health plan participants with access to both a summary of benefits and coverage that details the features of their health plan and a glossary of commonly used health care terms (such as balance billing, preauthorization and non-preferred provider). Access that
Demand is growing for supplemental health and financial benefits – so much so that by 2026, enrollment in voluntary benefits is expected to be up 20 percent, according to The Council of Insurance Agents and Brokers.
Use this checklist to plan for a successful open enrollment and renewal season – and keep your employees engaged in the process.
More than 40% of the country’s construction workforce is expected to retire in the next decade.
Open enrollment and renewal season is a great time to share tips with your employees about how to save money on health care services and prescriptions. Here are some recommendations from the Schauer Group employee benefits team.
If you’re an employer struggling to contain prescription costs, Schauer Group can help. Here are some recommendations from our employee benefits experts about how to combat increased pharmacy prices.
As an employer, safety is your responsibility, and it’s important to identify workplace hazards and instill safe employee habits to ensure corrections remain permanent.
The COVID-19 pandemic tipped off supply chain issues that may take years to reconcile. Now, employers are left wondering how they might be able to stay afloat amid unprecedented market uncertainty.
Employers across the country are facing a pronounced issue right now: too many open positions and not enough workers. Why are individuals slow to return to work despite available positions and how can employers attract some of these workers?
Capitalizing on the trend to build green can quickly turn your profit margin from black to red if you don’t have a clear understanding of your additional contract exposures.
Employers can benefit from Return-to-Work programs by retaining skilled employees, reducing short- and long-term disability claims, and obtaining a lower workers’ compensation experience modification factor—positively affecting their premium costs and ability to gain new work.
Schauer Group suggests project owners and general contractors turn to a wrap-up insurance program for construction projects to manage their risks.
Schauer Group has compiled these tips for coming out of the economic downturn to keep your business prospering well into the next economic cycle.