Would you order prescription drugs through Amazon? That is one of the questions Amazon is likely trying to answer as they decide whether or not to create a pharmacy benefit manager (PBM), contract with an existing PBM, or possibly purchase one. Currently, three biggest PBMs in the United States are ExpressScripts, CVS Caremark, and Envision.
PwC released their annual report on Medical cost trend “Behind the numbers 2018.” Highlighted below is a brief summary of some of their predictions and how employers may be impacted.
After over 25 years in the benefits industry, I have seen a lot of changes. Creating a strategy around your benefits program and executing that strategy is hard work, and the challenges and choices are increasingly complex. Best practice is to develop your strategy first which includes your financial objectives, risk tolerance, corporate readiness for […]
If a worker is incorrectly classified as an independent contractor and is not offered health and welfare benefits, the company is liable and has to repay benefits back to the date they would have been eligible to participate. The IRS uses 20 different factors to determine whether a worker is an employee or an independent […]