Employee Benefits Market Check Survey: Medicare Part D Creditable Coverage

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The Inflation Reduction Act imposed changes to Medicare Part D for 2025. The changes reduce an individual’s out-of-pocket amount and remove the coverage gap (“doughnut hole”). These changes may affect the creditable coverage status of…

Employee Benefits Market Check Survey: Annual Enrollment Practices

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Annual benefits enrollment is a crucial period for both employers and employees. It sets the stage for the coming year’s benefits plans and significantly influences employees’ overall perceptions of their benefits packages specifically…

Employee Benefits Market Check Survey: Employer Reporting Methods

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One of the provisions of the Affordable Care Act requires applicable large employers (those with an average of 50 full-time employees over the previous calendar year) to report health plan information and participant coverage data to the IRS…

Employee Benefits Market Check Survey: HSA Contribution and Administration Perspectives

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Twenty years after health savings accounts (HSAs) became effective, employers continue to offer them as an option with great frequency (see our October 2023 Market Check Survey for more information). Further, many are also providing an employer…

Employee Benefits Market Check Survey: Employer Strategies for GLP-1 Drugs

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As benefit plan sponsors monitor industry trends, one topic that has grown in popularity the past year is the coverage of GLP-1 drugs (e.g. Ozempic, Wegovy). These drugs were initially developed to help treat Type 2 diabetes. What has emerged…

Employee Benefits Market Check Survey: Employer Well-Being Perspectives

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Employers continue to recognize the profound impact of employee well-being on organizational success and productivity. Investing in the well-being of employees is not merely an altruistic endeavor; it’s a strategic imperative. A comprehensive…

Employee Benefits Market Check Survey: Employer Perspectives Towards Benefit Offerings

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Over the past four years, it has become increasingly evident that a robust employee benefit package is more valued by employees than ever. Whether influenced by the global pandemic, inflation, skyrocketing pharmaceutical costs, or a decline…

Employee Benefits Market Check Survey: Strategies to Manage Benefit Costs

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At the beginning of the year, we asked companies about their top employee benefit priority in 2024. “Managing costs to meet budget” was the top priority, with 38% of employers indicating this was their leading concern. This is consistent…

Employee Benefits Market Check Survey: Mid-Year Election Changes

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Companies that provide employee benefits to their workforce usually offer an enrollment period every year, allowing workers to purchase new coverages or change/drop coverages they currently have. While much of the benefit selection activity…