Insurance

Great Resignation equals great time to create a compensation strategy

09/29/2022

Low pay is the top reason employees are leaving companies in record numbers, according to a 2021 Pew Research Center survey. But close behind is the lack of opportunities for advancement. What if you could implement a compensation strategy to address both issues? It’s a win-win.

Survey sheds light on rising health-care costs

09/28/2022

Cancer is the number one driver of large companies’ health-care costs, according to the Business Group on Health’s 2023 Large Employers’ Health Care Strategy and Plan Design Survey.

Well? Chicago city employees aren’t feeling so good

09/19/2022

Wellness plans tread some fine lines, because an effective wellness plan must first develop baseline measurements on participants. And these baseline measurements may violate federal law, like the Genetic Information Nondiscrimination Act. City workers in Chicago are testing this right now.

Hot benefits trends for 2022 open enrollment

09/13/2022

With open enrollment season once again upon us, employers are focused this fall on updating their benefits packages to attract and retain talent. A significant focus, driven by pandemic-related burnout and turnover: Providing benefits options that closely align with the individual needs of employees and their families.

New research projects 6.5% higher health costs in 2023

09/06/2022

Average costs for U.S. employers that pay for their employees’ health care will increase 6.5% to more than $13,800 per employee in 2023, predicts the Aon consulting firm.

Health benefits costs expected to rise 5.6% in 2023

08/30/2022

U.S. employers anticipate they will have to spend 5.6% more for health benefits on a per-employee basis next year, according to the Mercer consulting firm’s National Survey of Employer-Sponsored Health Plans 2022.

Health care to cost retirees hundreds of thousands

08/16/2022

A 65-year-old couple that retires this year can expect to spend $315,000 on health care alone over the rest of their lives, according to Fidelity Investments’ latest annual Retiree Health Care Cost Estimate.

Average pregnancy costs $19K, C-sections more

07/26/2022

Health costs associated with pregnancy, childbirth and post-partum care average a total of $18,865 and the average out-of-pocket payments total $2,854 for women enrolled in large group plans, according to a July analysis by the Kaiser Family Foundation.

Snapshot: Telemedicine takes off

06/21/2022

Almost all employer-sponsored health plans now cover telemedicine, a dramatic increase since before the pandemic.

The next recruit/retain perk? Free health insurance

05/17/2022

With cutthroat competition among employers to attract new employees and keep current staff from defecting, a once-unthinkable benefit is beginning to emerge: health insurance that is truly employer-provided.