Key Drivers of 2025 Healthcare Cost Increases Healthcare costs are climbing at an alarming rate, outpacing inflation and wage growth. According to PwC’s Health Research Institute, healthcare spending is projected to grow at a 7% annual rate by 2025—a figure that places significant financial pressure on individuals, employers, and the healthcare system as a whole....Read More

How AI is Shaping the Future of Workplace Mental Health Not long ago, addressing workplace stress, anxiety, or burnout often meant furtive calls from secluded offices or the apprehension of being stigmatized for seeking help. Fast forward to today, and the narrative is changing. Businesses are placing employee well-being front and center, and a significant...Read More

The modern workforce is a vibrant tapestry of generations, each with unique needs and priorities.  From Gen Z to Baby Boomers, employees value different things in their benefits packages. A one-size-fits-all approach to a benefits program is yesterday’s solution. Organizations must embrace a personalized approach to benefits design to stay competitive—and data analysis is the...Read More

Employee benefits are essential to attracting and retaining top talent for businesses of all sizes, especially for small businesses with limited resources. Many small employers often find themselves competing with larger organizations that can offer expansive benefits packages. However, small businesses have unique opportunities to stand out by crafting creative and personalized employee benefits strategies...Read More

As we approach 2025, it’s essential for employers to stay informed about the latest shifts in employee benefits. Employee expectations are shifting, economic pressures are mounting, and employers are striving to balance cost-effectiveness and comprehensive benefits. New trends in healthcare, technology, and wellness are reshaping how businesses approach their benefits offerings. Understanding and adapting to...Read More

Open enrollment season may be (or almost) over, but it’s just the beginning of an essential phase in employee benefits management: ensuring that employees actually use and benefit from the coverage they’ve chosen. This is especially important now, considering that projections show that the cost of employee benefits will continue to rise yearly. Effective utilization...Read More

Executives drive a company’s strategic vision, manage risks, and steer the company through growth and challenges. However, a significant gap exists in how these high-level leaders protect themselves against potential personal risks, specifically the risk of disability. Executive disability insurance is often an overlooked or underfunded area, leaving many key individuals underinsured and vulnerable to...Read More

For many businesses, Human Resources (HR) has traditionally focused on administrative tasks such as payroll, compliance, and managing employee benefits. While these functions are critical, they often limit HR’s ability to act as a strategic partner in driving organizational growth. Transforming HR from an administrative support function into a strategic force can help businesses attract...Read More

When the Consolidated Appropriations Act, 2021 (the “CAA”) was enacted on December 27, 2020, it included a provision that prohibits group health plans and health insurance carriers from entering into certain agreements that, either directly or indirectly, restrict the release of certain information related to provider networks and de-identified encounter data, among other things. Such...Read More

On September 9, 2024, the DOL, IRS, and HHS released a final rule for the Requirements Related to the Mental Health Parity and Addiction Equity Act (The “MHPAEA Final Rule”).  The MHPAEA Final Rule is similar to the Proposed Rule released on July 25, 2023, with some marked differences.  While the MHPAEA Final Rule is...Read More