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Value-Based Insurance Design (VBID) generally refers to health insurers’ efforts to structure enrollee cost-sharing and other health plan design elements to encourage enrollees to utilize high-value clinical services – those that have the greatest potential to positively affect their health.
We have an employee that to date has withdrawn more from their FSA than they have contributed. They have now given their notice to end employment. Can we deduct the balance owed for the FSA off the last check to balance out the amount he has been paid but has not contributed.
Companies that have been spending a lot of money on expensive perks to attract and retain Millennials could be getting it all wrong, according to a new survey conducted by ORC International and online grocery delivery service Peapod.com. The answer could be as simple as more free snacks at work.
By Jennifer Carsen, JD Maybe you, like me, are old enough to remember David Letterman’s unfortunate opening bit at the 1995 Academy Awards—when he inexplicably went back and forth between Oprah Winfrey and Uma Thurman in the audience, saying “Uma…Oprah…Uma…Oprah…”
A hospital company accused of using participant funds to pay “excessive fees” for retirement plan administration services agreed to a $32 million class-action settlement and extensive adjustments in the way it selects and reviews the plan’s portfolio. As more participant suits are filed accusing defined contribution plans of overpaying for investment and administration services, it’s […]
Insurance is one of the most common employee benefits employers opt to use to entice top talent to their organization. One such example is life insurance. It’s often quite affordable to provide because employers can get group discounts that are unavailable to individuals acting alone. Therefore, it provides coverage for employees at a lower premium […]
Not every company has a formal name for it, but every organization that hires employees has to have an idea of what they’re willing and able to pay those employees. Pay and benefits may be determined ad hoc in many organizations, but there are actually a lot of benefits to creating a more formal structure […]
According to new research conducted by the Employee Benefit Research Institute (EBRI), owners of individual retirement accounts (IRAs) increased their stock equity allocations in 2013—the most recent year for which data are available—as compared with the three years prior.
Despite the healthcare reforms implemented under the federal Patient Protection and Affordable Care Act, 90% of employers are facing increases in the premiums they pay for employee health plans. And nearly 25% of employers are seeing rate increases in the double digits says a new survey by Arthur J. Gallagher & Company.
What are the ERISA Health and Welfare Benefit reporting requirements that apply to a small employer (less than 25 employees) with a fully insured group plan?