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There’s an emerging group benefits trend that is proving to provide cost-savings for both employers and plan participants – the copay-only plan.
An 8 percent increase in group medical costs is expected in 2025 – marking the highest increase for commercial health care spending in 13 years.
In addition to traditional health insurance, many employers offer ancillary benefits that can cover other important health and wellness needs at little to no cost to you.
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.
Stay on top of your health and wellness needs: Find a primary care physician that’s right for you
For high-net-worth and ultra-high-net-worth individuals, the effects of a cybersecurity attack can be costly and wide-reaching.
In 2022, more than 500 people were killed on the job in a workplace violence incident. And every year, 2 million people are victims of nonfatal workplace violence, according to the U.S. Department of Labor.
On Monday, April 8, many Ohioans will experience a total solar eclipse. And while the eclipse is exciting, it also has public safety implications and could pose problems for area businesses.
Any organization that asks employees to drive as part of their work duties should implement a fleet safety program.
By 2027, it’s expected that 75 percent of all workers will be using “shadow IT” – or software they have downloaded without permission – making it difficult for companies to protect against data security risks.
The U.S. Department of Labor released a final rule revising the agency’s guidance on how to analyze who is an employee or independent contractor under the Fair Labor Standards Act.
Skyrocketing jury awards are one example of how social inflation is driving up insurance costs, as more people turn to litigation to resolve claims.
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.
If your company is resuming international travel following the pandemic, it’s important to have a robust international insurance program in place to make sure your employees are protected wherever they go.