Business Insurance

Login  |  Register Subscribe



Most Read Benefits Management News

Employers taking action to avoid ACA excise tax

Published October 16, 2014 CST

Forty percent of employers say they expect at least one of their health care plans to be affected by a health care reform law-authorized excise tax — unless they act — with many already taking steps to reduce the likelihood that they will be hit by the tax.

About 250 firms plan to offer health benefits next year via Mercer's health exchange

Published October 13, 2014 CST

Nearly 250 employers will offer health care benefits to current and retired employees through Mercer L.L.C.'s “Marketplace” private health insurance exchange in 2015.

Flexible spending account cap expected to rise in 2015

Published August 29, 2014 CST

The maximum contribution employees will be able to make to their flexible spending accounts is expected to rise in 2015 by $50 to $2,550, according to Buck Consultants at Xerox calculations.

Medical evacuation services draw line at flying out Ebola patients

Published October 10, 2014 CST

(Reuters) — Leading companies offering medical evacuation services are drawing a line at flying Ebola patients out of West Africa for treatment abroad as the cost and the complexities of the deadly epidemic grow.

EEOC suits contend wellness programs violate disability law

Published October 12, 2014 CST

The EEOC recently filed lawsuits against two Wisconsin companies that underscore the need for more clarity on rules that govern employers' use of financial incentives to motivate employee participation in workplace wellness programs.

PBGC taking over underfunded plan of manufacturer that filed for bankruptcy

Published October 17, 2014 CST

The Pension Benefit Guaranty Corp. said Friday that it is taking over the underfunded pension plan of Reichhold Inc., a Durham, North Carolina-based resin manufacturer that filed for bankruptcy last month.

Notre Dame offering married same-sex couples health, retirement benefits

Published October 15, 2014 CST

The University of Notre Dame has announced that it will extend spousal benefits to married same-sex couples under its employee health care and retirement plans.

'Gendernomics' leads to less retirement savings for women

Published October 15, 2014 CST

Because of the “wage gap,” women accrue smaller 401(k) balances on average than their male counterparts even though they typically invest a higher percentage of their salaries.

Hub names president for national employee benefits practice

Published October 13, 2014 CST

Mike Barone has been named president of Hub International Ltd.’s national employee benefits practice, a newly created position charged with directing and enhancing Hub’s investments in employee benefits products and solutions for middle-market employers, the company reported.

Pension-related cases being heard by the Supreme Court

Published October 13, 2014 CST

The Supreme Court's new term includes cases challenging investors' burden of proof in securities litigation and whether 401(k) plan fiduciaries can be sued for investment choices made years earlier.

Self-insured group coverage comes under attack

Published October 12, 2014 CST

PHOENIX — The Self-Insurance Institute of America Inc. is mobilizing for battle as self-insured group health insurance comes under attack from lawmakers at the state and federal levels.

Voluntary benefits could hold key to health care reform excise tax

Published September 23, 2014 CST

NATIONAL HARBOR, Maryland. — Some U.S. employers are beginning to use voluntary medical benefit plans to minimize the prospects of sharp health care cost increases in the coming years as a result of health care reform.

Massachusetts decreases surcharge on health care services

Published October 07, 2014 CST

Massachusetts regulators have slightly decreased the surcharge on services received at hospitals and ambulatory surgical centers in the state.

Ex-PBGC chief Gotbaum joins Brookings Institution

Published October 16, 2014 CST

Joshua Gotbaum, who resigned last month as director of the Pension Benefit Guaranty Corp., Wednesday joined the Brookings Institution, a Washington-based think-tank, as a guest scholar.

Cincinnati health care system freezing pension plans, sweetening 401(k)

Published October 16, 2014 CST

TriHealth, a Cincinnati-based health care system, is freezing its three defined benefit pension plans and beefing up its 401(k) plans.

Lockton announces next benefit group president

Published October 13, 2014 CST

Lockton Companies L.L.C. announced Monday that Bob Reiff will succeed Mike Brewer as president of Lockton Benefit Group, the company’s global employee benefits consulting business.

Business Insurance names 2014 Women to Watch

Published October 08, 2014 CST

Business Insurance on Wednesday announced the honorees for its 2014 Women to Watch recognition program.

Same-sex marriage bans in Idaho, Nevada ruled unconstitutional

Published October 08, 2014 CST

A federal appeals court has dealt yet another blow to same-sex marriage opponents by ruling in favor of gay and lesbian couples seeking equal marriage rights in Idaho and Nevada.

Self-insurance institute takes fight over Michigan tax to Supreme Court

Published October 07, 2014 CST

PHOENIX — The Self-Insurance Institute will ask the Supreme Court to review a court decision that found a Michigan law imposing a 1% tax on paid health care claims is not pre-empted by the federal Employee Retirement Income Security Act.

Quad/Graphics drops direct health care contracting, switches to Anthem network

Published October 12, 2014 CST

Quad/Graphics Inc., a longtime national leader in direct health care contracting, is canceling its roughly 400 medical provider contracts in Wisconsin and shifting to Anthem Inc.'s national network effective Jan. 1, 2015.

IN FOCUS Video: Health Exchange Plans vs. COBRA

Published October 14, 2014 CST

In our latest weekly video, we examine how the Affordable Care Act is affecting the health care coverage options available to individuals who lose their job-based health insurance.

Aon Hewitt's private health exchanges poised to grow in 2015

Published October 08, 2014 CST

The number of employers participating in two Aon Hewitt private health insurance exchanges will jump next year.

Enrollment in high-deductible health plans keeps growing: Report

Published September 16, 2014 CST

Enrollment in high-deductible health insurance plans, including consumer-driven health plans, continues to grow, the National Center for Health Statistics said in a report Tuesday.

Former Anheuser-Busch workers win enhanced pension benefits after subsidiary sale

Published July 15, 2014 CST

Hundreds of former Anheuser-Busch Companies Inc. employees are owed enhanced retirement benefits under the terms of the company's pension plan, a federal appeals court ruled last week.

Health premium cost trends steady for 2015, but drug costs expected to rise

Published October 03, 2014 CST

Employers will likely see a modest reduction in premium costs trend rates for most group health care benefit plans in 2015, but should also expect a sharp increase in prescription drug coverage costs.