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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
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.
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.
The U.S. Citizenship and Immigration Services (USCIS) announced a new version of Form I 9, also known as the Employment Eligibility Verification form.
As the COVID-19 emergency declarations come to an end next month, so do many of the flexible health care policies that were implemented to ensure Americans had access to the services they needed during the pandemic.
Businesses of all sizes are currently facing attraction and retention challenges. Often, small employers have the agility to respond to the employment market with new strategies. Read on for some attraction and retention tips.
Download and use this checklist as a guide when reviewing your company’s compliance with COBRA.
Recently, the IRS released Revenue Procedure 2022-24 to provide the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2023.
Social networking is a priceless public relations and viral marketing tool. However, popular social networking sites can present a significant hazard to your company and its reputation, depending on how you and your employees use them.
Mistakes in employee benefits and human resources can be quite costly to employers—in the form of extra benefits, complaints, lawsuits, government-assessed fines and penalties, and attorney fees, to name a few. Don’t learn the hard way what these mistakes are.