Welcome to The Source, your one-stop-shop for the latest and greatest HR and benefits news. Our weekly publication highlight this week’s top stories in human resources, benefits administration, insurance, legislation and more to make sure you can stay on top of industry trends and changes. Start off your week on a high note with The Source!
In this week’s edition, we cover industry doubts on the long-term impact of the latest Cigna merger, the top employee benefits that are on the way out and a checklist for ensuring your wellness programs are compliant for new 2019 regulations.
4.1 Percent Increase In Health Care Benefit Costs Expected For 2019
The bad news? Health care costs are once again expected to rise year over year in 2019. The good news? It could be worse. Early projections indicate only a 4.1% increase for 2019, which is slightly below the 4.2% increase for 2018. And, studies are showing a decline in overall medical costs. See how technology is playing an important role in helping organizations mitigate health care costs in this Benefits PRO recap.
Navigating The Wellness Program Rules For 2019
Wellness programs are all the rage for companies looking for ways to actively engage their workforce and encourage healthy lifestyles for preventative care purposes. However, with constant industry changes, it’s important to take the time to review your wellness programs each year to ensure they comply with new regulations. See important updates and considerations for 2019 in this handy article from the Marsh & McLennan blog.
Data-Based Strategies to Recognize, Reward And Retain High-Potential Employees
It’s an ‘employee’s market’, with unemployment at an all-time low and more jobs than there are candidates to fill positions. Retaining top talent is a high priority for HR teams and managers, but identifying top candidates for development can be tough, particularly within large organizations. But, fret not – data to the rescue. Discover how to unleash the power of your employee data with these tips from Ultimate Software.
Employers Caution Cigna-Express Scripts Merger Not A Prescription For Low-Cost Drugs
Industry leaders and analysts have been keeping a close eye on the Cigna-Express Scripts merger, which was finally approved last Monday (September 17th, 2018). Though the deal promised better integration of pharmacy and medical management to better leverage drug price negotiations, employers are generally not optimistic about the reality of the deal. See why the industry has doubts and a summary of the merger in this Employee Benefit Advisor article.
15 Employee Benefits On The Decline
Much like fashion trends and music styles, employee benefits are not immune to the test of time. The growth of the millennial population in the workforce has shifted employee priorities and many employers are beginning to adjust their benefits strategies to address more modern concerns, like student loans and family planning. And, with the rise of new employee benefits comes the decline of others. See a full list of the top 15 employee benefits that are on their way out in this Employee Benefits News article.
This Week At PlanSource: Blast Off With Apollo Release
Our third release for 2018 is now live and it’s a big one. Apollo introduced our brand new self-service renewal tool, which is currently live to select groups and will be available for beta in 2019. Other exciting additions include the self-service page content manager, which is now available to all PlanSource customers, a new section for employee communications, the launch of the new PlanSource University learning center and much more. Take a test drive below!