Articles
Five Insurance Policies Homeowners Often Overlook
When you own a home, you may have extenuating circumstances and/or own property that your insurance might not cover. In fact, there may be risks in your home that you never thought of and that won't be covered by your homeowner's policy if you have to file a claim....
Understanding Sublimits in Homeowner’s Insurance: Protecting Your Valuables
Homeowner's and renter's insurance provides vital protection against a range of risks, from property damage to liability claims. However, many homeowners are unaware that their policies come with sublimits for certain household items. These are caps placed on the...
New Rule Aims to Expedite Prior Authorization Requests
The Centers for Medicare and Medicaid Services has published a final rule aimed at improving how prior authorizations are handled by health insurers. The measure primarily limits the time insurers have to approve or deny requests. In addressing wait times for prior...
Mark Cuban: CEOs Don’t Know Where Their Health Benefit Dollars Are Going
Since billionaire businessman Mark Cuban entered the health care space with Cost Plus Drug Co., which he launched in May 2020, he has gotten a new perspective on the value that most CEOs place on their group health insurance benefits. And what he has found is a lot of...
Voluntary Benefits Improve Employee Satisfaction and Retention
As the economy continues roaring, the market for top talent stays exceedingly competitive. Multiple studies have consistently shown that a robust set of employee benefits is a vital component of an overall compensation package. But it's tough for smaller companies to...
Hospital Indemnity Insurance a Key Voluntary Benefit
Most employers offer major medical coverage to their full-time employees. But that still leaves workers and their families with significant exposure to financial hardship in the event of a serious medical emergency. For example, even with insurance, treating a broken...
New Approaches to Managing Health Care Costs, Improving Outcomes
As health insurance and health care costs continue climbing, some employers are taking new and innovative steps to tamp down costs for themselves and their covered employees while not sacrificing the quality of care they receive. Some of the strategies require a...
New Tech Platforms Help Employees Navigate Their Benefits
More employers and health plans are offering new online tools to help their employees better navigate their health care and group plan benefits, which are often a source of confusion and frustration for many American workers. These tools, known as navigation...
Benefits in a Multi-generational Workplace
With multiple generations working side-by-side in this economy, the needs of your staff in terms of employee benefits will vary greatly depending on their age. You may have baby boomers who are nearing retirement and have health issues, working with staff in their 30s...
Executive Benefits Plans Help You Attract, Retain Top Talent
As more and more C-level executives retire and the market for more upper-management talent shrinks, employers are increasingly having to offer more aggressive benefits and compensation packages to attract and retain them. While you may provide 401(k) benefits to your...
J&J Sued Over Contracting with PBM that Overcharged Health Plan, Enrollees
A new area of potential liability for employers was recently opened when a class-action suit was filed against Johnson & Johnson, accusing it of mismanaging its pharmacy benefit manager plan, resulting in the health plan and its enrollees overspending millions of...
Report Details 3 Trends Driving Employers’ Health Care Costs
Pharmacy spending, high-cost claimants and newly developed anti-obesity drugs are expected to shape health benefits and affect the cost of care and health insurance for employers, according to a new report. The "2024 Employee Health Trends" report by Springbuk, an...