CMS has released parameters for the Medicare Part D prescription drug benefit in 2020, for use in determining the actuarial value of any prescription drug coverage employers may offer to Part D eligible individuals.
Employers face two important challenges with their benefit programs: meeting employee demands for personalized coverage and continuing to manage costs.
Read MoreAccording to DirectPath’s 2019 Medical Trends & Observations Report, over 40% of employers are offering an incentive (premium reduction, contributions to HSAs or HRAs, or gift cards) for participation in at least one wellness activity, up from 31% last year.
Read MoreThe Centers for Disease Control and Prevention estimates that one-fifth of working adults in the United States are tobacco smokers, costing employers up to an extra $6,190 per year per smoker.
Read MoreEmployers are getting more creative with their health benefits — and many are recognizing that traditional plans just don’t cut it anymore.
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