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Employers Prioritizing Enhanced Benefits in New Year, Not Cost-Cutting

Despite group health insurance costs expected to rise 5.4% this year, the tight labor market is forcing employers to prioritize enhancing benefits over cost-cutting measures, according to a new report by Mercer. With Americans increasingly struggling to pay their health care bills, more employers are shying away from only offering their workers high-deductible health plans […]

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Study: New Tech Helps Stop Trucks from Rear-Ending Vehicles

A study from the Insurance Institute for Highway Safety (IIHS) reports that driver assistance technologies, such as automatic emergency braking and forward collision warning systems, have been shown to reduce accident rates among large trucks. Increased use of these systems in these vehicles should prevent countless deaths and injuries and save millions of dollars. The

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Firms That Pay Ransom to Cyber Criminals Are Often Hit Again

A new study has found that one-third of companies that are hit with ransomware and pay the hackers to unlock their systems, are often likely to be targeted a second time. And after they pay, they are often faced with significant fallout, including system rebuilding costs, their data still being leaked and financial implications, according

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New HSA, FSA, 401(k) Contribution Levels Set

The IRS has released the 2023 maximum contribution amounts for health savings accounts and flexible spending accounts. You’ll want to make note of the changes when discussing your employee benefits during annual open enrollment. The changes, which the IRS releases in November each year, will affect contribution limits for HSAs, FSAs and 401(k) and other

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Technologies That Help Your Staff Get the Most out of Their Health Plans

By now you will know about the rapid uptake in telemedicine after the COVID-19 pandemic drove patients to use virtual appointments with their doctors. While this form of medicine seems like it’s here to stay, there are other technologies that employers can look to include in their group health plans to help employees get the

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Why You Can’t Afford to Not Have Professional Liability Insurance

Architects, engineering firms, graphic design businesses and other service providers are increasingly being sued for alleged poor work quality, contract breach or missing deadlines — and jury awards are rising. The costs of defending against a lawsuit of that type could quickly mount, even if you come out victorious in the end. But a commercial

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Finding Health Cost, Insurance Data Still a Struggle for Patients

Despite newly enacted federal transparency rules for hospitals and health plans, some large hospitals are still not posting the required price lists for their services, according to a recent report. The Centers for Medicare and Medicaid Services’ transparency rules were implemented to shine the light on what hospitals charge for their various medical services, the

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Proposed Rule Could Turn Independent Contractors into Employees

The Biden administration has proposed a new federal rule that will make it more difficult for employers to classify workers as independent contractors. If the new rule takes effect, companies that use independent contractors will have to reevaluate their relationships with these outside workers. Companies who hire contractors that work exclusively for them will have

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