News/Blog

Most employers are concerned about their health care costs rising in 2023. According to Willis Towers Watson’s (WTW) 2022 Emerging Trends in Health Care Survey, 94% of employers reported managing health care benefits costs will be their top priority over the next two years. Employers will likely avoid shifting costs to employees because of the…

In 2022, most employers’ health care costs increased. According to recent industry data, current signs are also pointing to significantly higher health care costs in the upcoming year. Employers now face the difficult task of reigning in rising health care costs and keeping employee coverage affordable while trying to remain attractive to current and prospective…

Many employees are currently feeling financially strained because of inflation. With open enrollment fast approaching, inflation could impact the choices employees make when it comes to their benefits. Employees are likely considering which benefits matter the most and how to optimize the money they spend on those offerings. As a result, this year’s open enrollment…

The 988 Suicide and Crisis Lifeline (Lifeline) launched nationwide on July 16. Similar to dialing 911 for medical emergencies, people in emotional distress or suicidal crisis can call or text 988 and be connected immediately to trained counselors who will listen, provide support and connect them to resources if necessary. The three-digit dialing code is…

Mental health has been a hot topic recently, thanks to the COVID-19 pandemic. Over the past two years, so many people have experienced issues such as burnout, depression, anxiety, and substance addiction. In fact, 40% of U.S. adults said they have struggled with mental health or substance abuse during the pandemic, according to a Jellyvision…

Benefits have always been crucial for attracting and retaining top performers, and voluntary benefits are a great way for employers to round off their offerings. These extra perks allow for more personalization that can help satisfy the unique needs of each worker, especially in today’s multigenerational workforce. Although individual needs vary, some common themes—physical, mental…

Health care costs continue to rise each year, and 2022 will be no exception. In the new year, expertspredict a 6.5% increase in medical costs alone, according to PricewaterhouseCoopers. Employers arealso anticipating health plan premiums to rise more than 5% in 2022, a Willis Towers Watson surveyreports. With these increases in mind, employers will want…

No matter a company’s size, its day-to-day needs can feel overwhelming for human resources (HR) leaders, especially when faced with new coronavirus-related responsibilities or evolving role duties. Amid the COVID-19 pandemic, many employers are leveraging tech to address today’s challenges. Fortunately, technology can assist HR professionals in addressing today’s challenges by enhancing the employee experience,…

With the need for cash and talent, many employers have engaged in crafty measures to keep people and pay them more. ICHRA (Individual Coverage HRA) has been a rising topic for many clients looking to provide their employees with the best options while reducing risk within their organization. Since January 1, 2020, when ICHRAs first…

John Turnbull, from Axion, joins us for Consultant Corner to discuss the large increase in premiums. He discusses the importance of risk mitigation and the COVID-19 Bill effects.  Key risk mitigation tactics when reviewing your organization’s health plans: