Numerous class-action lawsuits have recently been filed against employers alleging that health plan premium surcharges related to tobacco use violate federal compliance requirements. These lawsuits have been filed by current…
When a company experiences significant increases in workers’ compensation costs, it usually triggers internal activities aimed at reducing insurance costs and spending. The key to spending fewer dollars is more…
The U.S. Bureau of Labor Statistics (BLS) reported that the consumer price index (CPI) rose 2.8% year over year in February, decelerating from 3% in January. This figure marked the…
Health care costs are projected to increase substantially in 2025. Estimates show a similar growth in spending to 2024, marking multiple years of compounding costs. Specifically, health care costs in…
The Inflation Reduction Act of 2022 (IRA) includes several cost-reduction provisions to Medicare Part D plans that are designed to help beneficiaries but may also impact employer-sponsored health plans. Key…
A new report released by multinational data analytics company Verisk revealed that a record-setting 3,625 cargo theft incidents occurred across North America in 2024, reaching nearly $455 million in valued…
The Employee Benefits Security Administration (EBSA) recently released its annual enforcement report on the Mental Health Parity and Addiction Equity Act (MHPAEA). EBSA is an agency within the U.S. Department…
Commercial property and casualty insurance prices rose an average of 5.4% across all lines in the fourth quarter of 2024, with some premium relief in most lines other than commercial…
While spring is often associated with fresh blooms and warmer temperatures, it may also bring rain showers. This type of weather can create wet and slippery conditions, posing various safety…
The No Surprises Act (NSA), enacted as part of the Consolidated Appropriations Act, 2021 (CAA), includes transparency provisions requiring group health plans to report information on prescription drugs and health…