Health insurers would be prohibited from placing discriminatory restrictions on mental health and addiction treatment, under the Paul Wellstone Mental Health and Addiction Equity Act of 2007, which was recently approved by the House of Representatives.
A 65-year-old couple retiring in 2008 will need approximately $225,000 to cover medical costs in retirement, according to an estimate by Fidelity Investments.
A recent survey asked employees if they would be willing to exchange their health benefits for an additional $7,500 in taxable income. Their collective answer was definitive.
Over 70 percent of employers will offer financial incentives to reward workers who adopt healthy lifestyles by 2009, according to a new survey by Watson Wyatt and the National Business Group on Health.
A new survey by the International Foundation of Employee Benefit Plans reports that 71 percent of employers offer retiree health benefits to current and/or future retirees.
Since the early 1990s, employees at Proctor & Gamble had paid percentage co-insurance for their drug benefits. The company's goal was to maintain a 75%company/25% employee cost share. But things changed in 2003. That year brought the arrival of many specialty drugs along which were marketed directly to consumers (via television and other ads), and P&G began struggling to maintain the desired cost share.
How would you like your company to make headlines for saving one million dollars in medical costs while improving employee benefits? It happened to Dynamic Dies, Inc., as explained Monday at the 20th Annual Benefits Management Forum & Expo by Jill Kopanis, the company's Corporate Human Resource Director.
