U.S. Archives - Page 4 of 38 - Word on Benefits

Employers Project 8% Rise in Health Care Costs for 2025

Cara McMullin

15 Aug 202415 Aug 2024

U.S. employers project a median health care cost increase of 8% for 2025, according to International Foundation of Employee Benefit Plans survey results. This is an increase over similar surveys conducted in 2022 and 2023, which projected a 7% rise in costs. […]

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The Supreme Court and the Chevron Doctrine: Key Takeaways for Employee Benefit Plans

Kathy Bergstrom, CEBS

14 Aug 202414 Aug 2024

Employee benefit plan sponsors and administrators may feel the effects of the U.S. Supreme Court’s decision to overturn the so-called Chevron doctrine for many years to come, predicts Katherine Hesse, CEBS, an Employee Retirement Income Security Act (ERISA) attorney. Hesse, who is […]

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Inclusive Family-Forming Benefits: Definition of Infertility

Jenny Gartman, CEBS

07 Aug 202407 Aug 2024

According to Employee Benefits Survey: 2024 Results, to be released the end of August 2024, 42% of U.S. organizations currently offer fertility benefits (an increase from 40% in 2022). While fertility benefit offerings are more prevalent, there are varied reasons plan participants […]

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The Multiemployer Retirement Plan Landscape: DC Takeaways

Justin Held, CEBS

01 Aug 202401 Aug 2024

According to The Multiemployer Retirement Plan Landscape: A 15-Year Look (2006-2020), the average defined contribution (DC) plan account balance increased from $23,400 at the end of 2006 to $54,100 at the end of 2020, while aggregate disbursements also grew. The increase in […]

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ERISA Preemption 101

Jenny Gartman, CEBS

31 Jul 202401 Aug 2024

Hailed by its authors as the law’s “crowning glory” or “crowning jewel,” the preemption clause in the Employee Retirement Income Security Act of 1974 (ERISA) was designed to help simplify employee benefits administration for multistate employers. But what does ERISA preemption mean? […]

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Thriving Together: Wellness and Group Benefits in Hybrid and Remote Work

Tim Hennessy

30 Jul 202430 Jul 2024

Once viewed as a rare perk, working from home (WFH) became necessary for many during the pandemic. Despite the benefit’s popularity among many workers and businesses, some organizations have reverted their WFH policies amid fears of losing productivity and collaboration, replacing flexible […]

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Human Nature: Wellness Benefits of the Outdoors

Rebecca Plier

26 Jul 202426 Jul 2024

It should come as no surprise that the spaces we occupy every day have a huge impact on our overall wellness. The Environmental Protection Agency and Vancouver Coastal Health report that Americans and Canadians spend about 90% of their time indoors. But […]

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Cyber Insurance: Do You Have It? Do You Need It?

Kathy Bergstrom, CEBS

23 Jul 202423 Jul 2024

The frequency and costs of data breaches continue to rise globally, with the average price tag of a data compromise reaching US$4.45 million in 2023, according to a recent report from IBM Security. Cyber insurance can help protect your organization from bad […]

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Shaping Human-Centered Workplace Cultures

Rebecca Plier

18 Jul 202418 Jul 2024

In recent years, there have been dramatic societal transformations that have affected the workplace. From the increased necessity for remote work to trends in employee turnover and new generations entering the workforce, work as we have known it is changing. Although these […]

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Understanding ERISA Liability in the Context of Pharmacy Benefits

Anne Newhouse, CEBS

17 Jul 202417 Jul 2024

Fiduciary responsibility has always been a concern for retirement plans governed by the Employee Retirement Income Security Act of 1974 (ERISA). The language on the Department of Labor (DOL) Fiduciary Responsibilities webpage explains, “The primary responsibility of fiduciaries is to run the […]