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While you may see that the payment of premiums every year means that your insurance policy is a liability on your book, the reverse is actually true: It’s a valuable asset. The national law firm of Anderson Kill recommends in a recent blog that companies treat their policies as assets that must actively managed if
Subtle yet important trends are reshaping dental benefit plan designs as employers continue to search for ways to keep costs in check while making minimal impact on what they offer to their employees. While few employers are dropping dental coverage outright (in fact the number of employers offering them has grown), they are instead resorting
As health care inflation starts to climb again, more health plans are likely to breach the Cadillac tax threshold. A new report by the consulting firm Milliman predicts that a typical family of four covered by an employer-sponsored preferred provider organization (PPO) health plan will incur health care costs in excess of $25,000 by 2016,
A decision by the U.S. Supreme Court on June 1, 2015 has put employers on notice about religious attire and their employment and hiring practices. The high court held that an employer’s dress code prohibiting all headwear is not a defense against religious discrimination liability, even in cases where an employer suspects – but is
While rapidly rising drug costs are starting to raise concern among employers, one major driver of health care costs is drug spending that’s not even part of the pharmacy benefits you offer your staff. Most health plans never anticipated including in their drug benefits packages specialty drugs – a new class of pharmaceuticals that are
A new state supreme court decision allowing patients to sue doctors and pharmacies for contributing to their opioids addiction could spill over to the workers’ comp arena, legal experts say. Workers’ comp experts told the trade publication <i>Business Insurance</i> that insurers and employers should put measures in place to reduce the chances of overprescribing of
The majority of employee thefts are occurring in organizations with 500 employees or less and the median loss is $280,000, according to a new report. The main types of theft are outright theft of cash and check fraud, with rogue employees writing checks to acquaintances and trying to cover their tracks in the firm’s accounting
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