Employee Benefits

22 08, 2018

Amazon Enters the Pharmacy Market

By |August 22nd, 2018|Employee Benefits|Comments Off on Amazon Enters the Pharmacy Market

Amazon Enters the Pharmacy MarketOn June 28th, Amazon announced that they signed an agreement to buy PillPack, an online pharmacy that was started in 2013. PillPack provides prepackaged doses of multiple medications labeled by date and time, coordinate refills, provide [...]

13 08, 2018

How competitive are your Benefits?

By |August 13th, 2018|Employee Benefits|Comments Off on How competitive are your Benefits?

BenefitsHave you enhanced your employee benefits lately? If not, you may be getting left behind.

Employers are looking for ways to attract and retain employees.  In fact, according to a recent 2018 Society for Human Resources Management (SHRM) survey, with over [...]

7 08, 2018

Will your Drug Costs drop in 2019?

By |August 7th, 2018|Employee Benefits|Comments Off on Will your Drug Costs drop in 2019?

Will your Drug Costs drop in 2019Rising cost of prescription drugs has continued to make the national news and has become the subject of multiple congressional hearings. Consequently, many drug manufactures and insurance companies are slowing the rates of cost increase [...]

1 08, 2018

Future Forecast: Medical Trend Predictions for 2019

By |August 1st, 2018|Employee Benefits|Comments Off on Future Forecast: Medical Trend Predictions for 2019

2019 TrendPwC released their annual report on Medical cost trend “Behind the numbers 2019.” Highlighted below are the factors that are inflating and deflating trends.

Trend Inflators

Increased Access to Care

To access medical care today, consumers have [...]

20 07, 2018

Employee Classification in a Gig Economy

By |July 20th, 2018|Employee Benefits|Comments Off on Employee Classification in a Gig Economy

Employee Classification in a Gig Economy 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 [...]

16 07, 2018

Amazon-Berkshire-JPMorgan Health Venture Takes Aim at Middlemen

By |July 16th, 2018|Employee Benefits|Comments Off on Amazon-Berkshire-JPMorgan Health Venture Takes Aim at Middlemen

Dr. Atul Gawande to Lead New Healthcare CompanyEarlier this year, Amazon, Berkshire Hathaway, and JP Morgan Chase announced that they were forming a joint venture designed to lower the cost of healthcare for their employees. Like many corporations, these companies are [...]

25 06, 2018

How Low Unemployment May Be Impacting Your Company

By |June 25th, 2018|Employee Benefits|Comments Off on How Low Unemployment May Be Impacting Your Company

How Low Unemployment May Be Impacting Your CompanyUnemployment has recently hit an all-time low falling below 4%. While this is great news, an unemployment rate this low also significantly shrinks a candidate pool.

So what are companies doing to attract [...]

21 06, 2018

Thinking Outside the Box: Should Your Health Plan Include Alternative Medicine?

By |June 21st, 2018|Employee Benefits|Comments Off on Thinking Outside the Box: Should Your Health Plan Include Alternative Medicine?

Thinking Outside the Box_ Should Your Health Plan Include Alternative MedicineWith the concern around opioid abuse, more employers are asking if they should consider offering alternate medicine for pain management. Alternative medicine may include interventions such as herbal remedies, acupuncture, [...]

18 06, 2018

Can Congress Control Rising Healthcare Costs?

By |June 18th, 2018|Employee Benefits|Comments Off on Can Congress Control Rising Healthcare Costs?

Can Congress Control Rising Healthcare CostI was pleased to see a recent publication from Senator Bill Cassidy (R-LA), who is not only a member of Congress but also a medical doctor who provided patient care in Louisiana’s charity hospital system for [...]

31 05, 2018

IRS Releases 2019 HSA Limits

By |May 31st, 2018|Employee Benefits|Comments Off on IRS Releases 2019 HSA Limits

BLOG_ IRS Releases 2019 HSA Limits - TIM WOOLLEY

Earlier this month, the IRS announced new 2019 HSA contribution and out-of-pocket maximum limits. In 2019, there will be a $50 increase in the annual contribution limit for single-only coverage and a $100 increase in the annual contribution limit [...]

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