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What Employers Need to Know About Pay Transparency Laws in 2023
Written by Sheri Bender 1.10.23 California originally banned employers from asking about salary history in 2018. Then Colorado was the first state to pass a pay transparency law in 2019. The initial intention of these initiatives was to reduce the gap between earnings of men and women. Fast forward to 2023 and 1 in 5 End excerpt
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New Rule Proposed to Determine Employee Status
On October 11, 2022, the U.S. Department of Labor (DOL) issued a proposed rule to help analyze whether a worker is an employee or independent contractor under the federal Fair Labor Standards Act (FLSA). The 2021 independent contractor guidelines used a five-factor test to determine classification with two of the factors—the nature and degree of control over the End excerpt
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California and NYC Salary Transparency Laws Go Into Effect
Salary Transparency Laws are slated to go into effect in New York City and California, and other states and jurisdictions may soon follow. In New York, the “Salary Transparency Law,” a recent amendment to the New York City Human Rights Law (NYCHRL), is set to go into effect on November 1, 2022. Employers advertising jobs End excerpt
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Medical Loss Ratio Rebates
Medical Loss Ratio (MLR) rebate checks are currently arriving for many companies. MLR rebates are required under the Affordable Care Act (ACA) and are furnished when a health insurer does not utilize enough of the premiums they have received directly towards the cost of medical claims and activities that improve the quality of care. There End excerpt
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Health Care Costs and Concerns on the Rise
Kaiser Family Foundation (KFF) recently shared data from a poll they conducted with the public to assess their experiences with health care costs. Highlights include: Approximately 50% of U.S. adults encounter issues paying for health care. Often, patients are unable to fill prescriptions due to the costs. Adults who are uninsured, Black or Hispanic, or End excerpt
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Engagement Deep Dive
Pharmacy spend remains a top priority for many employers. Pharmacy also known as Rx, is typically one of the highest cost drivers in employer-sponsored health plans. It has become increasingly important for CFO’s and Benefit Administrators to understand their Rx spend and how they can better manage and engage employees around what is frequently a End excerpt
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Why Employee Education & Engagement on Healthcare Is Important
Lack of employee engagement and education can lead to uncontrollable costs in health plans and unsustainable increases that get passed on to employees through premium increases. This brief will exam the long-term impact that education and engagement can of on employer’s bottom line. According to Mike Wolf, associate vice chair for research in the department End excerpt
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Navigating the Employer Vaccine Mandate’s
Currently there are two mandates requiring private employers to ensure that their employees are vaccinated for COVID-19. Under President Biden’s Executive Order 14042, Federal Contractors and Subcontractors are required to have their employees receive a COVID-19 vaccination unless they are eligible for a legal exemption (medical disability or religious exemption). Under the U.S. Department of End excerpt
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Federal Contractors and Companies Requiring Vaccinations
Federal Contractors and Companies Requiring Vaccinations Recently, the Biden administration announced new measures to encourage vaccinations among Americans. Focusing primarily on increasing vaccinations at the federal level, President Biden stated that all federal government employees and on-site federal contractors are required to attest to their vaccination status. This order only applies to onsite contractors. At End excerpt
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“No Surprise Act” focused on eliminating Balanced Billing
“No Surprise Act” focused on eliminating Balanced Billing An Interim Final Rule was recently issued by the Department of Health and Human Services, the Department of Labor, the Department of the Treasury, and the Office of Management and Budget implementing key provisions of the No Surprise Act, which was passed late last year to stop End excerpt
