Reminder: The Patient-Centered Outcomes Research (PCOR) filing deadline is July 31, 2017 for all self-funded medical plans and health reimbursement arrangements (HRAs) for plan years ending in 2016. View USI’s outline of plan years and associated amounts.
Math is confusing enough. Add in the math of a health plan renewal, and the need for clarification becomes apparent. Join USI Vice President Joseph Snable for a webinar on Friday, July 21, 2017 from 1:00 p.m. to 2:30 p.m. You will learn the math and formulas that health plans use to produce your renewal and…
As the health care market shifts toward individual responsibility, a survey found many workers are overwhelmed by the complexity of their health care options and many have a poor understanding of the benefits of health savings accounts (HSAs). We recently reported an uptick in HSA participation and investment (among millennials) according to the second annual “State…
The New York Paid Family Leave law becomes effective January 1, 2018 and, when fully phased in, an employee will receive 67% of his/her average weekly wages, capped at 67% of the average statewide weekly wage. This program will be funded generally through employee payroll deductions. The Superintendent of Financial Services has set the maximum…
Mary Jo Jacobs, vice president, employee benefits for the New York City office received the “Top Employee Benefits Award by a New Producer” during the Company’s annual PEAK Awards. The PEAK event, which took place at the Four Seasons Resort and Club Dallas at Las Colinas in Irving, Texas, recognized and celebrated USI’s top performing…
As more employers offer high-deductible health plans (HDHPs) amid rising health care costs, health savings accounts (HSAs) are becoming increasingly popular in the workplace — especially among millennials. In 2016, less than a third of eligible millennials under the age of 26 participated in an HSA, but that figure has grown to nearly 40 percent…
USI ranked among the Largest Benefits Consulting Firms in the New York area through research conducted by Crain’s New York Business. The list was published on May 15, 2017 and is available online for subscribers. The top 20 companies are included with 33 fields of data, including number of New York-area professionals, firm-wide professionals, and…
In its recent survey, career site Glassdoor found a rising trend of employers investing more in benefits. The survey found that salaries are no longer the focus of the total compensation package. The survey found four in five workers today would prefer new benefits or perks rather than a pay raise. They are interested in…
Spending on prescription drugs in the United States accounted for nearly 17 percent of total health care spending — with a price tag of $457 billion in 2015. And that’s only going up, unless serious change occurs. The rapidly rising prices of prescription drugs, combined with increasingly higher cost-sharing, has shifted much of the costs…
USI West Orange vice president, Joe Snable, continues his series of webinars on High Deductible Health Plans (HDHP’s) with a 75-minute session on May 23, 2017, at 1:00 pm EDT. Joe’s webinar, “How to Make the Most of Your Firm’s Qualified High Deductible Health Plan,” will identify the right strategy to implement and integrate a…
By Laura Vankin, USI Associate Consultant What is New York Paid Family Leave? Effective January 1, 2018, New York is mandating job-protected Paid Family Leave (NY PFL) for all employees working in New York State. The rules regarding NY PFL are not yet finalized but the New York State Worker’s Compensation Board has published the…
At a time of unprecedented change in employee benefits programs, 51 percent of working Americans earned a grade of “C” or below in a true-false quiz measuring their understanding of workplace benefits. Guardian’s “Closing the Gap” survey found that while 80 percent of working Americans believe they understand their benefits very well, only 49 percent…
