While employee benefits are always changing, one of the most significant challenges is the escalating cost of specialty drugs. These medications, designed to treat complex and chronic conditions like cancer, rheumatoid arthritis, and multiple sclerosis, are revolutionizing patient care. However, their high price tags are placing immense pressure on employer-sponsored health plans. Understanding the drivers...Read More

Attracting and retaining top talent has become one of the most pressing challenges for employers. Gone are the days when offering a competitive salary alone was enough to secure long-term employee loyalty. Today’s workforce—especially younger generations—places equal, if not greater, value on the quality and variety of the benefits an employer provides. From health coverage...Read More

In the current business climate, change is constant and often unpredictable. Shifting workforce expectations, evolving technologies, regulatory updates, and new competitive pressures reshape how organizations operate. Adaptability has become a non-negotiable skill for HR professionals responsible for supporting their workforce and driving organizational success. Traditional HR processes, often structured in rigid, step-by-step models, struggle to...Read More

Employee burnout is a condition of emotional, physical, and mental exhaustion caused by prolonged stress. It can have a profound impact on employees’ health, productivity, and job satisfaction. If left unaddressed, burnout can lead to high turnover rates, decreased morale, and increased absenteeism, ultimately hurting your company’s performance. In this article, we explore how to...Read More

Open enrollment is often viewed as a once-a-year event, filled with rushed decisions and paperwork. However, an effective benefits strategy shouldn’t end there—it should be a continuous process that incorporates data-driven insights, education, and proactive engagement throughout the year. This approach not only improves employee retention but also enhances satisfaction. Here’s why leveraging data can...Read More

Employee benefits are rapidly changing, thanks to advancements in artificial intelligence (AI) and predictive analytics. The days of HR departments relying on outdated data or gut feelings to design benefits packages are over. With the help of AI tools, HR teams can now make data-driven, informed decisions, enabling them to develop personalized, cost-effective, and impactful...Read More

Mental health has become a pivotal factor in determining employee well-being, productivity, and overall company success. Investing in mental health benefits isn’t just the right thing to do—it’s a smart business decision that can deliver a strong return on investment (ROI). This post explores how offering mental health support in the workplace can have a...Read More

With the 2024 reference year RxDC reporting deadline approaching in June, plan sponsors should re-familiarize themselves with the reporting requirements. The 2024 reference year RxDC Reporting Instructions have been released, though there were no changes to the reporting requirements or data elements from last year. As a reminder, the Consolidated Appropriations Act, 2021 includes a...Read More

Employee benefits are at the core of attracting and retaining top talent for businesses of all sizes. From new compliance regulations to shifting workforce priorities, employers face challenges in designing effective benefits programs. To help you navigate these changes, we’ve asked our Employee Benefits team to share their insight into some of the most pressing...Read More

As businesses look for innovative ways to manage rising healthcare costs and offer competitive benefits, many are transitioning from fully insured health plans to self-funded models. Self-funding allows employers to take greater control over their benefits program, customize coverage, and potentially reduce expenses. However, this shift also comes with its share of challenges. If you’re...Read More