A group of best-performing companies has achieved a $2,251 per employee per year (PEPY) healthcare cost advantage over the national average in 2017 ($9,950 compared with $12,201), according to global advisory, broking, and solutions company Willis Towers Watson’s 22nd annual Best Practices in Health Care Employer Survey.
While the Affordable Care Act still faces uncertainty, employers are looking for ways to reduce their healthcare costs and offer employees healthcare benefits that meet their needs. A new report—released by Benefitfocus, Inc., a cloud-based benefits management platform and services provider— shows a continued shift toward consumer-directed health care, with the rate of employers offering at […]
Buried in the January 22 passage of legislation to re-open the federal government was a welcome bit of news for employers: The effective date of the wildly unpopular “Cadillac Tax” has been pushed back yet again. It is now set to take effect in 2022 rather than 2020 (the original implementation date was January 1, […]
Support for single-payer health insurance is growing, slowly but surely, yet many employers are taking little heed of the debate. Amy Evans, an employee benefit insurance expert, and attorney Christine Roberts contend on the Employee Benefits News website, though, that employers can’t afford to ignore it anymore. They enumerate several reasons you need to stay […]
Many organizations are turning to virtual simulators to create realistic training scenarios and, in the process, help employees refine their skills and learn best practices. From computerized flight simulators for pilots to simulators that give healthcare professionals opportunities to practice lifesaving skills, the technology is proving to be a great benefit for a wide range […]
Hospitals and health systems can discard three myths of employee engagement to improve patient satisfaction and Medicare reimbursement and raise their image for patient safety with well-designed initiatives, according to the new report Data-Driven Insights for Your 2017 Employee Engagement Strategy, released by Advisory Board.
As many HR departments prepare for open enrollment, Namely, an HR platform for mid-sized companies, has released the results of its open enrollment survey and identified what is most important to employees in a top-notch benefits experience.
As healthcare costs continue to rise, employers are increasingly examining how their employees are getting their health care, rather than simply trying to shift costs to them, according to a survey by the National Business Group on Health (NBGH).
U.S. employers’ cost to provide employee benefits, measured as a percentage of pay, increased 24% between 2001 and 2015, fueled largely by a doubling in healthcare benefit costs, according to a new analysis by Willis Towers Watson, a leading global advisory, broking, and solutions company. The analysis reveals a major shift in how employers allocate […]
For employees, today’s healthcare environment is a little like squeezing a balloon: when health insurance premiums are affordable, then the side with the out-of-pocket costs inflates. If that side is more reasonable, monthly premiums expand. Either way, health care coverage and insurance costs are likely to drain the budgets of those they are designed to […]