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pharma pharmamceutical

IRS Eases Access to Chronic Disease Treatment

New guidance from the IRS will help people enrolled in high-deductible health plans get coverage for pharmaceuticals to treat a number of chronic conditions. Under the guidance, medicinal coverage for patients with HDHPs that have certain chronic conditions – like asthma, heart disease, diabetes, hypertension and more – will be classified as preventative health services, …

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PPE

Make Sure Your Safety Equipment Fits Women on Your Team

Perhaps you remember the embarrassing scenario for NASA in early 2019, when the space agency was forced to cancel its first-ever all-woman spacewalk because they didn’t have two suits on the International Space Station that fit them. While most people were shocked, women in professions that require them to wear personal protective equipment (PPE) know …

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Workers’ Comp Audit Mistakes: What to Look For

No company owner wants to undergo a workers’ compensation audit, but they are a fact of life if you run a business and have employees. Unfortunately, many audits don’t go smoothly and sometimes your insurer may make mistakes. Missouri-based Workers’ Compensation Consultants, which helps employers through the workers’ comp audit process, recently listed the 10 …

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Protect Your Firm from Hacking by Disgruntled Former Employees

While hacking by outsiders is posing a larger and more significant threat to companies of all sizes, the threat of insider jobs – particularly by disgruntled former employees – is often an even bigger one. These attacks, carried out with malicious intent to hamstring a company’s operations, can cause serious problems. Take, for example, the …

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Health system consolidation: Can employer groups, brokers survive it?

By Dan Cook Evidence suggests that consolidation among health systems leads to higher prices for services and stable or lower quality of care. Health care systems have been buying up one another, and physician practices, at an alarming rate. The 115 announced health care system deals in 2017 was a record, with 2018’s 90 close …

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Five Ways Employers Can Save on Health Care Costs

In recent years, many companies have been dealing with rising health care costs largely by transferring more of the expense and risk on to their employees. But some employers have found smarter, more creative ways to limit health costs without further burdening valued employees. Here are some of the best solutions: Pharmacy benefit managers. Pharmacy …

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HDHP

Employers Rethink HDHPs as More People Struggle with Medical Bills

As the number of employers offering high-deductible health plans continues growing, the spotlight recently has highlighted an inconvenient truth: some employees are going broke and filing bankruptcy because they cannot afford all of the out-of-pocket expenses and deductibles they must pay in these plans – just like the bad old days in the 1990s and …

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Red heart, stethoscope and paper chain family on wooden table

DOL Employers Expect 6% Hike in Health Costs for 2019

The IRS has released the inflation-adjusted amounts for 2019 used to determine whether employer-sponsored coverage is “affordable” for purposes of the Affordable Care Act’s employer shared responsibility provisions. For plan years beginning in 2019, the affordability percentage has increased to 9.86% (from 9.56% in 2018) of an employee’s household income or wages stated on their …

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