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Insurance

Respect for Marriage Act passes; employers, take note

12/21/2022
The Respect for Marriage Act passed into law with bipartisan support in December and protects marriage for LGBTQ+ and interracial couples. The act ensures that a marriage that is legal in one state is recognized by all. Take this opportunity to review your benefits offerings to ensure they align with federal, state and local laws.

On health insurance, voters trust employers over others

12/06/2022
Voters surveyed by the American Benefits Council had good news for employers.

Watch those deadlines! Harvard didn’t

11/08/2022
You heard about the affirmative action case filed against Harvard University; the oral arguments took place in October before the Supreme Court. At least Harvard assumed you heard about the case. The university also assumed that their insurance company, Zurich American Insurance Co., knew about it. Wrong.

Great Resignation equals great time to create a compensation strategy

09/29/2022
Low pay is the top reason employees are leaving companies in record numbers, according to a 2021 Pew Research Center survey. But close behind is the lack of opportunities for advancement. What if you could implement a compensation strategy to address both issues? It’s a win-win.

Survey sheds light on rising health-care costs

09/28/2022
Cancer is the number one driver of large companies’ health-care costs, according to the Business Group on Health’s 2023 Large Employers’ Health Care Strategy and Plan Design Survey.

Well? Chicago city employees aren’t feeling so good

09/19/2022
Wellness plans tread some fine lines, because an effective wellness plan must first develop baseline measurements on participants. And these baseline measurements may violate federal law, like the Genetic Information Nondiscrimination Act. City workers in Chicago are testing this right now.

Hot benefits trends for 2022 open enrollment

09/13/2022
With open enrollment season once again upon us, employers are focused this fall on updating their benefits packages to attract and retain talent. A significant focus, driven by pandemic-related burnout and turnover: Providing benefits options that closely align with the individual needs of employees and their families.

New research projects 6.5% higher health costs in 2023

09/06/2022
Average costs for U.S. employers that pay for their employees’ health care will increase 6.5% to more than $13,800 per employee in 2023, predicts the Aon consulting firm.

Health benefits costs expected to rise 5.6% in 2023

08/30/2022
U.S. employers anticipate they will have to spend 5.6% more for health benefits on a per-employee basis next year, according to the Mercer consulting firm’s National Survey of Employer-Sponsored Health Plans 2022.

Health care to cost retirees hundreds of thousands

08/16/2022
A 65-year-old couple that retires this year can expect to spend $315,000 on health care alone over the rest of their lives, according to Fidelity Investments’ latest annual Retiree Health Care Cost Estimate.