As prescription drug costs continue to increase, it is important for employers to understand the trends behind prescription drug costs and what they can do to better manage their health care expenses.
Prescription Drug Trends
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Emergency Room or Urgent Care?
Choosing the appropriate place of care ensures prompt medical attention and lower costs.
10 Reasons to Love a Health Savings Account
Many consumers are eager to learn more about health savings accounts (HSAs), which continue to generate buzz as a growing trend in health care coverage. The general assumption is that a financial tool with this much potential must be complex and difficult to understand. However, HSAs are simple to outline, and can be broken down into a list of ten basic points for consumers to easily digest.
U.S. Department of Labor Proposes Changes to FLSA
On June 30, 2015, the U.S. Department of Labor (DOL) issued a proposed rule to modify the “white collar exemptions” provided by the Fair Labor Standards Act (FLSA). The white collar exemptions are minimum wage and overtime exception rules for executive, administrative, professional, outside sales and computer employees.
COBRA Eligibility
How do I know who is eligible for COBRA and when?
Employers and plan administrators should make sure they are aware of which employees are entitled to Consolidated Omnibus Budget Reconciliation Act (COBRA) coverage. Problems can arise if COBRA is not offered to someone who is eligible to elect COBRA coverage or if it is offered to someone who is not eligible.
401(k) and Roth 401(k) Basics
What's the difference between a 401(k) and a Roth 401(k)?
Traditional 401(k) plans and Roth 401(k) plans are both employer-sponsored retirement plans designed to assist employees in saving money for retirement.
State and Federal Labor Laws Q&A
When considering the Fair Labor Standards Act (FLSA) as an employer, several questions come to mind.
Hire to Fit Your Company Culture
Poor hiring decisions can be extremely costly for your company, in terms of business interruption, lower employee morale, wasted recruiting and training resources, and more.
ACA: Individual Mandate Exemptions
One of the key components of the Affordable Care Act (ACA) is that everyone is required to obtain health coverage.
Health Care Reform: FAQs on Enrollment and Employer Shared Responsibilty Requirements
The health care reforms made by the Patient Protection and Affordable Care Act (PPACA or Affordable Care Act) have staggered effective dates, with many important provisions becoming effective in 2014. The Departments of Health and Human Services, Labor and Treasury (Departments) are working on regulations and other guidance to implement the 2014 health care reform changes.