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Lawsuits targeting employers’ work with PBMs put HR on alert

HR Brew

Fiorini, who previously worked for OptumRx and CVS Caremark, said the lack of transparency in drug pricing has been an issue with PBMs since he started with Caremark back in 2003: Thats what those lawsuits are trying to get at, is that nobody knows what the price is. What HR can do to avoid legal scrutiny.

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Election year impact: What’s next for employee benefits?

WEX Inc.

As we approach the 2024 United States presidential election, Chris Byrd, senior vice president, health executive and, more broadly, head of Government Affairs at WEX, joined our Benefits Buzz podcast for an insightful conversation on how election years can influence employee benefits. appeared first on WEX Inc.

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5 Great Reasons to Celebrate HSA Awareness Day This Year

Benefit Resource Inc.

HSAs were first legislated into existence in 2003. Employee benefits date back to the 1870s so at only 18 years old, these accounts are full of promise and potential! Before we get started, here are a few tidbits about HSAs: Putting the HSA in “HSA Awareness Day” Happy Birthday!

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Top 10 Professional Employer Organizations (PEO) for 2023

HR Lineup

With a PEO, you are guaranteed access to financial and HR expertise, including creating employee benefits plans, payroll management, and employee onboarding. We include Resourcing Edge in our list of professional employer organizations because of its ability to provide professional services to businesses since 2003.

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Is an HSA the New 401(k) When It Comes to Retirement ROI?

Extensis

Therefore, it’s helpful for small- and medium-sized (SMB) employers to encourage HSAs as a way to prioritize employee health and financial well-being. Since the creation of HSAs in 2003, there has been rapid growth driven by employees wanting to cover rising healthcare costs in retirement. Why the rise in HSAs?

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Health savings accounts: Not your parents’ retirement plan

HR Morning

According to The State of Employee Benefits 2017 report , published by employee benefits firm BenefitFocus, the number of eligible millennials under age 26 enrolling in an HSA rose by 40 percent in 2017. The same study found that millennials increased their HSA contributions by an average of $200 in 2017.

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Time to Reform the Heath Savings Account Regulations

Auxillium West

Health Savings Accounts (HSAs) were enacted by the federal government in 2003 to help employees with high deductible medical insurance plans. The disadvantage is that if an employee has a medical expense, they must first satisfy the high deductible before they receive the insurance benefit.