For most employers, prescription spend.. drug costs⊠are steadily increasing. In fact, pharmacy costs account for almost 25% of most employersâ health care budget every year. The Pharmacy Benefit Manager (PBM), is a company that manages your prescriptions, including allowable medications on your formulary, what you pay for them, what the manufacturer paid for them, […]
The Real Price of Your Prescriptions Read More »
Direct primary care (DPC) is a strategy to control your healthcare spend and deliver a white glove experience to your employees at a much lower cost than traditional health insurance plans. That it is a tool to help you shrink your healthcare budget and make it controllable and predictable for you is a bonus⊠a
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Have you ever thought about how you or your employees have experienced the healthcare system? I have a couple of clients who have surveyed their employees over each of the past several years and found two consistent results. First, not surprising, our out-of-pocket costs are too high. What employers don’t often realize (or think they
Your Employees are the First Line of Defense to Saving you Thousands! Read More »
Do you find it baffling that health insurance costs in the United States are increasing at alarming rates, yet seemingly not anywhere else in the world? I find it baffling, especially since the actual costs of healthcare are not increasing even close to the rate of insurance costs. So, why is this happening in the
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West African organized-crime rings have been targeting U.S. business with âbusiness e-mail compromiseâ scams that are costing firms millions of dollars every year. Losses to businesses that are targeted by these scams hit an all-time high in the first quarter of 2018, with $685 million in losses reported by 4,081 victims. Thatâs more than the
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Imagine itâs a typical July day. You own a 30,000-square-foot office building that is 85% occupied. And the air conditioning and ventilation systems stop working. The outside temperature is in the 90âs and the humidity is high. It doesnât take long before the tenants start to complain. The contractor you summon determines that an electrical
Don’t Overlook Equipment Breakdown Insurance Read More »
In some instances, a commercial crime insurance policy may offer coverage for money a company loses due to a cyber attack, a court has ruled. The 11th U.S. Circuit Court of Appeals in Atlanta has ruled that an insurer must indemnify a policyholder that was scammed out of more than $1.7 million in a phishing
Commercial Crime Policies Cover Some Cyber Crimes Read More »
The recent news of McDonaldâs Corp. dismissing its chief executive for having a consensual sexual relationship with an employee reflects the hardening stance in corporate America towards inter-office romances. Many large companies have instituted zero-tolerance policies for managers who are romantically involved with company employees. The companies are mainly cracking down to reduce their chances
More Companies Bar Manager-Employee Relationships Read More »
All year long you have been reminding your employees to âwork safely ⊠donât take short cuts ⊠prevent accidents.â To do this they have to keep their minds on their work, but this time of the year as the holidays near, their minds might be everywhere else but on work. They may be thinking
The Holidays Have Their Own Workplace Perils Read More »
New federal overtime regulations have finally been introduced for non-exempt workers after years of wrangling over the issue. Under the new rule, employers will be required to pay overtime to certain salaried workers who make less than to $684 per week â or $35,568 per year â up from the current threshold of $455, or $23,660 in
New Overtime Exemption Regs Take Effect Jan. 1, 2020 Read More »