The rise of the Delta variant across the U.S. has employers revisiting vaccination strategies for their workforces. Employers are trying to balance the desire to keep employees safe in the workplace with providing employees the freedom of personal choice when it comes to being vaccinated. Lockton's latest Webcasts are designed to capture new Federal requirements and employer responses to these pressing issues. September 14, 2021 Webcast Feds poised to issue vaccine and testing mandates for thousands of employers: What's in store for you? Click image below for Webcast Replay August 24, 2021 Webcast
Lockton Coronavirus Advisory Team Password is Lockton.1
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![]() Benefits compliance in 2021 has never been more challenging; the implications of the Affordable Care Act pale in comparison to 2021. Employers are required to know all of their obligations. We understand the intensity of compliance and have created a 2021-22 Compliance Playbook to help you. This playbook summarizes the vexing challenges Employers are facing and gives you practical, real world advice on how to understand these obligations. Topics covered: • Cafeteria plan & flexible spending account accommodations • Change tax treatment of dependent care benefits (qualifying children) • Outbreak period guidance (suspension of COBRA and HIPAA special deadlines) • American Rescue Plan Act COBRA subsidies & their interplay the outbreak • Mental health parity • Healthcare plan cost reporting • Prohibition on price and quality data gag clauses • Healthcare plan online price comparison tool • Healthcare plan “advance explanations of benefits” • In-network, out-of-network and prescription drug costs • Surprise billing requirements and protocols • New ID cards • New network accuracy requirements • New “continuity of care” disclosures • New broker/consultant/vendor compensation disclosure requirements For more information on these topics and more, please contact me "Employers have significant pressure on their healthcare costs. While many look for new solutions, there are also considerable savings in their current spend,” says Rebecca Lich, PharmD, MBA Pharmacy Practice Leader in Lockton’s Denver office. “Twenty two cents of every healthcare dollar is used for prescription drugs. Employers must have best-in-class agreements in place, but we also need to ensure those agreements are met. Every employer should take a ‘trust but verify’ approach through a pricing reconciliation audit. There is money to be found."
"Employers have significant pressure on their healthcare costs. While many look for new solutions, there are also considerable savings in their current spend,” says Rebecca Lich, PharmD, MBA Pharmacy Practice Leader in Lockton’s Denver office. “Twenty two cents of every healthcare dollar is used for prescription drugs. Employers must have best-in-class agreements in place, but we also need to ensure those agreements are met. Every employer should take a ‘trust but verify’ approach through a pricing reconciliation audit. There is money to be found." ![]() The pandemic caught us all unaware and posed may immediate challenges. Ken Ralff and the whole Boston Benefits team has done a fabulous job supporting our clients and each other as well as leading in these new ways of work. Proud to be his colleague and friend. Check out the article describing how he and team did it here Special shout out to Rob Mattson of ITM Speakers for his help in boosting our video conferencing experience. According to the Bureau of Labor Statistics in June 2018, the U.S. unemployment rate fell to 3.8%. The U.S. economy hasn’t seen that level of employment since April 2000, and prior to that, 1969. Although unemployment increased slightly in July, economists report that there are more open positions in the United States than there are qualified workers to fill them. With a strong economy, the pressures on Human Resources to find and keep qualified talent while managing compensation, benefits and employee engagement are at an all-time high.
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AuthorMike Smith - trying to put my history degree to good use through research and writing . Mom would be proud but she still wanted me to study business. Archives
May 2023
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