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Explore industry-leading benefits advice and discover how to grow your in-house talent.

Employers Grapple with Escalating Health Care Expenses in 2023

Employers Grapple with Escalating Health Care Expenses in 2023

As the latter half of 2023 unfolds, employers face a formidable challenge in curbing the surge of health care costs while maintaining affordable benefits. The task is formidable due to the sharp escalation of health care expenses in recent years, with indications...

Public interest in new weight loss drugs

Public interest in new weight loss drugs

A Kaiser Family Foundation survey highlights strong public interest in emerging weight-loss drugs, with 80% of respondents advocating insurance coverage for overweight or obese adults. The survey aimed to assess the public's receptiveness to prescription drugs that...

Prioritizing work-life balance with benefit accounts

Prioritizing work-life balance with benefit accounts

Addressing work-life balance's pivotal role in employee well-being and commitment, employers, brokers, and TPAs must integrate it across operations, particularly within benefits programs. Struggles to balance work and personal life can lead to health issues, job...

Factors driving anticipated increase in ACA premiums for 2024

Factors driving anticipated increase in ACA premiums for 2024

Health insurance costs are expected to increase for Affordable Care Act (ACA) plans in 2024 due to several factors. A study by KFF shows that insurers anticipate a median 6% rise in premiums, with most increases falling between 2% and 10%. The main reason behind these...

Clients unsure about self-funding? Consider a more approachable option

Clients unsure about self-funding? Consider a more approachable option

If you're unsure about moving from a fully insured health plan to self-funding, level funding is a great option to consider for your company or clients. Healthcare costs are rising steadily, expected to increase by 7% in 2024, according to PwC. Many employers are...

Child care costs soar, posing financial strain on working families

Child care costs soar, posing financial strain on working families

Rising child care expenses are causing financial strain for most working families, with two-thirds of parents allocating 20% or more of their annual household income for child care, a significant increase from previous years. The Cost of Care report, based on a survey...

Addressing generational differences in employee benefits

Addressing generational differences in employee benefits

As the workforce landscape evolves, catering to distinct generational preferences becomes pivotal in benefits offerings. Employees' lack of awareness about provided benefits poses a significant challenge for employers. In response to changing dynamics, employers must...

3 ways to enhance benefits at minimal cost

3 ways to enhance benefits at minimal cost

Amid the ongoing talent crunch and cautious financial climate, employers seek ways to bolster benefits without added expenses. Here are three cost-effective strategies to consider: Introduce Voluntary Benefits: Given current financial stressors, offering voluntary...