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Most Read Benefits Management News

Health care premiums rise, more increases coming

Published August 26, 2015 CST

Group health care premiums continue to outpace inflation, and while most employers are feeling the pressure of rising health care costs, benefits experts say smaller employers may face a heavier burden.

Cigna cleared of stealing firm's points-based wellness plan

Published August 25, 2015 CST

An Illinois appeals court says Cigna Corp. did not steal its concept for a points-based workplace wellness program from a competing health insurer.

Empire BlueCross BlueShield CEO promoted to position with Anthem

Published August 28, 2015 CST

The New York City's area's largest health insurer will soon have a new leader.

Specialty drugs continue to drive up health care costs

Published August 27, 2015 CST

Pharmacy costs are expected to rise by double-digit percentages in the coming year, driven by a sharp increase in the cost of specialty drugs, according to an Aon P.L.C. survey.

States taking the lead in laws to curb drug costs

Published August 28, 2015 CST

Several states are tackling high prescription drug prices, an issue that's important to the public but has not yet been aggressively addressed by Congress.

(subscription required)401(k) plan participants' trading activity soars

Published August 30, 2015 CST

After initial panic following steep declines in the equity markets last week, 401(k) plan participants' trading activity eased.

(subscription required)Wellness programs offer a good night's sleep

Published August 30, 2015 CST

Employers are waking up to the benefits of helping employees get enough sleep.

Boeing 401(k) fiduciary breach lawsuit settled

Published August 27, 2015 CST

Attorneys for The Boeing Co., Chicago, and participants in a Boeing 401(k) plan reached a provisional settlement in a case in which the participants had alleged breaches of fiduciary duty by plan administrators.

(subscription required)Wellness incentives pay for themselves

Published August 30, 2015 CST

Annual group health care costs in southeastern Ohio's Montgomery County reached an average of $13,236 per plan member in 2010 — 44% higher than the national average — and were projected to exceed $29,000 in the coming plan year.

Health care system targets employers in Alabama, Indiana and Florida

Published August 14, 2015 CST

MissionPoint Health Partners, an Ascension subsidiary that develops health plan networks and accountable care organizations, is going after employers' business in Alabama, Indiana and Florida.

(subscription required)Public sector wellness efforts scrutinized

Published August 30, 2015 CST

Despite the unique financial and operational challenges inherent to the public sector, local governments have enjoyed considerable success in designing and implementing effective employee wellness programs.

(subscription required)Pension funds ride out wild stock market swings

Published August 30, 2015 CST

Equity market volatility triggered by investor concerns about China's economy also raised pension funding worries last week, but today's situation is different than that of the Great Recession.

Number of employers hit by Cadillac tax expected to grow over years

Published August 25, 2015 CST

An analysis released Tuesday projected that 26% of employers offering health care benefits could trigger the Cadillac tax in 2018 unless they make changes to their plans.

(subscription required)Q&A: Charles Smithers Jr., National Business Coalition on Health

Published August 30, 2015 CST

Charles Smithers Jr. is the chief operating and financial officer for the Washington-based National Business Coalition on Health, as well as its interim chief executive officer. He recently discussed the concept of value-based health insurance design with Business Insurance Associate Editor Matt Dunning. Edited excerpts follow.

U.S. Steel to freeze pension plan

Published August 24, 2015 CST

United States Steel Corp., Pittsburgh, will freeze benefit accruals for salaried and nonunion employees in its main defined benefit plan and two other supplemental plans, effective Dec. 31, the company said an 8-K filing Friday.

Health plans impacted by ACA’s excise tax vary widely by state

Published August 31, 2015 CST

Group health insurance plans whose premium costs will trigger the health reform law’s 40% excise tax vary widely by state, according to a new congressional analysis.

Toshiba Corp. adds defined contribution plan to retirement benefits lineup

Published August 18, 2015 CST

Toshiba Corp., the Tokyo-based electronics giant, announced Monday it will add a defined contribution plan to a company retirement benefits lineup that's been dominated by a defined benefit plan and a lump-sum payout provision.

Scripps media firm offering former workers annuities, lump sums

Published August 25, 2015 CST

The E.W Scripps Co. is offering about 4,300 former employees the opportunity to convert their future monthly annuity into a cash lump sum or an immediate annuity payment.

Maximum FSA contributions expected to stay the same for 2016

Published August 19, 2015 CST

With inflation running low, the maximum contribution employees will be able to make to their flexible spending accounts in 2016 is expected to remain unchanged, according to the latest government statistics.

Employers turn to athletic trainers to keep work teams off the disabled list

Published August 30, 2015 CST

Sophisticated employers are implementing programs to address workers' physical ailments before they become costly injuries.

Health plan premium costs rising for most employers

Published August 21, 2015 CST

The vast majority of employers are reporting increases in the premiums they currently pay for employee health plans, according to a new survey by Arthur J. Gallagher & Co.

Newell Rubbermaid makes second lump-sum offer

Published August 25, 2015 CST

Newell Rubbermaid Inc., Atlanta, announced in a U.S. Securities and Exchange Commission filing Monday that it will send a lump-sum offer to about 3,300 former employees who have vested in the company's pension plan but who have yet to retire.

PBGC hit with $322 million loss in plan takeover

Published August 31, 2015 CST

The Pension Benefit Guaranty Corp. said Monday it is taking over and terminating an underfunded pension plan sponsored by Standard Register Co., a Dayton, Ohio-based printing and marketing communication firm.

Illinois standoff highlights growing benefit costs

Published August 31, 2015 CST

(Reuters) — Illinois’ ability to manage growing retiree benefit costs will determine future action on the state’s relatively low A3 credit rating, Moody’s Investors Service said on Monday.

Coalition takes aim at health reform law's 40% excise tax

Published August 21, 2015 CST

A coalition of employers, insurers and unions on Friday urged federal lawmakers to repeal the health care reform law's so-called Cadillac tax.