Benefits

The vast majority of health benefit plan sponsors that would be subject to the ACA Cadillac tax are implementing changes to avoid it, a survey finds.

Employers and health plan providers need to simplify health benefits education and guidance so employees can make decisions that are best for their overall finances.

Most employers do not facilitate after-tax contributions to health savings accounts (HSAs), but they should consider it as a potential strategy to avoid the ACA excise tax on...

In spite of reporting their medical copays and other out-of-pocket costs are more than they can afford at times, many employees said they would rather clean their toilets...

Many employers, particularly small to mid-size, are still delaying the effects of the ACA by delaying renewal dates.

However, employers are uncertain how worksite clinics will factor into having to pay the ACA excise tax.

More than half allow employees to rollover leftover balances versus offering a 2 1/2-month grace period for using funds.

For larger firms, an exceptional one-year increase in CEO compensation resulted from revisions to pension calculations.

Employers may revise their plans to avoid the tax by reducing options, or increasing costs, for employees, a report says.

EBRI research suggests monetary incentives can significantly boost impact of financial wellness programs. 

Advisers say it is good for participants to be informed of even harsh realities.

Will this solution create new problems?

In a conversation with PLANSPONSOR, Russell Investments’ chief research strategist suggests momentum is building for “open” multiple employer plan expansion.

Like many employers, hospitals are also feeling the effects of new health care benefit rules.

Employers are taking action to delay the ACA excise tax.

“Companies need to communicate clearly, aggressively and creatively about what they're offering and how the programs can enhance their employees' well-being,” says Brodeur Partners CEO Andrea Coville.

If deals recently announced by major carriers go through, plan sponsors can expect innovation that will drive down health care costs, Aon Hewitt expects.

Software provider SAS spent nearly $600 less in claims per primary care patient over a three-year study period.

The changes are intended to encourage federal employees to leave their balances in the TSP after they leave federal service.

Better technology and increased availability of data offer employers a better chance of reducing health plan costs.