Health care costs are continuing to grow, and it’s increasingly alarming policymakers. Federal Reserve Chair Jerome Powell has repeatedly called out health care spending as the primary issue with the ballooning U.S. debt. He did so again while testifying to Congress on Tuesday. "The U.S. federal government is on an unsustainable fiscal path. ... The thing that [...]
Do you offer health coverage to your employees? Does your group health plan cover outpatient prescription drugs? If so, federal law requires you to complete an online disclosure form every year with information about your plan’s drug coverage. You have 60 days from the start of your health plan year to complete the form. For [...]
Question: Can an employee change a pretax plan election after the employer’s open enrollment window has closed but before the plan year has begun? Are there any potential downsides for allowing this? Answer: Yes, an employee may make a change to his or her benefit election after open enrollment has ended but before the plan year [...]