Companies have consistently rejected the idea of terminating their health plans and sending employees to buy their own coverage, but attitudes may be shifting.
Increased engagement coupled with changing needs and an easier path to legal action put the onus on plan sponsors to ensure they can defend their strategy and investment choices.
Health Reimbursement Arrangements are poised to become an even more attractive option to flexibly fund employee healthcare costs, says attorney Harrison Stone.
States regulators and health insurers are rushing to react to the latest move by the Trump administration to dismantle parts of the Affordable Care Act.
It will be months until some of the president’s proposals, such as expanded use of HRAs, could be implemented, but brokers should educate clients now, adviser Mark Johnson says.
Employers should offer incentives to get employees to participate, create a healthy culture at work and properly communicate offerings to workers, among other guidelines.
The recent data breach that potentially exposed the personal information of over 143 million people is just scratching the surface of the many reasons why employers need an advanced identity theft protection solution.
Benefits customization is the name of the game right now but you need to look beyond just the generational differences and more at current life stages.
