Prescription Benefit Ripoffs.
It’s easy to feel like your PBM holds all the power over you. In most cases, it does. A landmark 2004 study compared what drug store benefits managers (PBMs) charge companys’ plans to what they...
View ArticleThe Cost of a Drunk Employee.
Having even one problem drinker on your health plan – including a covered family member with abuse issues – can cost your business big. Some estimates place the potential cost as high as $35,000 a year...
View ArticleEmployee Ignores Physician, Corporation Pays.
When an staff member ignores directions from a physician, who’s responsible when the staff member causes a serious accident on the job? In some cases, it’s your firm that ends up on the hook – both for...
View ArticleNon-traditional Health Benefits.
Evidence-based medicine has become a big buzzword in health care over the last few years. But certain non-traditional treatments, like chiropractic care, may also prove effective in certain cases. The...
View ArticleIs Self-Insurance Right for Your Company?
In recent years, it’s become increasingly common for businesss with as few as 200 employees to explore self-insurance. But beware of hidden traps. When your organization is weighing self-insurance – or...
View ArticleWorker Gift Cards.
A lot of businesss try to reward employees during the holidays. But be cautious – There’s a common misbelief that the IRS considers gift cards worth $20 or less de minimus benefits and, consequently,...
View ArticleOld Worker Benefit Files.
Ever set out to organize and dispose of old worker files and paperwork in the office? the job is tougher than it seems. Best practice – Develop a records retention policy as your first step. A host of...
View ArticleWhat New Wellness Rules Mean for You.
Compliance with health insurance portability and accountability act (HIPAA) non-discrimination rules is a large challenge for wellness programs. the old rules were unclear about which incentives passed...
View ArticleStaff Member Benefit Participation
It’s tough to get employees to participate in benefit programs that they don’t even know exist. Seventy-one percent of staff members lack basic knowledge of standard benefit programs, according to a...
View ArticlePresenteeism.
The problem of presenteeism – workers showing up at work but taking a “mental vacation day” – isn’t going away any time soon. A recent survey found the typical worker has three unused vacation days at...
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