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Medicare Part D Notification Requirement for Employers

Medicare Part D Notification Requirement for Employers

Employers offering group health plans with prescription drug coverage must comply with an important annual notification requirement for their Medicare-eligible employees and dependents. By October 15th, 2024, employers are required to inform these individuals whether their current prescription drug coverage is “creditable” or “non-creditable” compared to Medicare Part D coverage. Creditable Coverage refers to prescription […]
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What Employers Need to Know About the New HIPAA Privacy Rule

What Employers Need to Know About the New HIPAA Privacy Rule

A new Health Insurance Portability and Accountability Act (HIPAA) privacy rule went into effect on June 25, that prohibits the disclosure of protected health information related to lawful reproductive health care in certain situations. Employers, as covered entities under HIPAA, must comply with the rule by Dec. 23. Under the previous HIPAA privacy regulations, healthcare […]
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Everything Employers Need to Know About Overtime Pay Rule Changes

Everything Employers Need to Know About Overtime Pay Rule Changes

The U.S. Department of Labor (DOL) recently implemented the first phase of a two-step update to overtime pay regulations under the Fair Labor Standards Act (FLSA) that will substantially impact American workplaces. As of July 1, 2024, the standard salary threshold for white-collar overtime exemptions rose from $35,568 per year to $43,888 per year, or […]
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Employers Navigate Tight Job Market as Year Unfolds

Employers Navigate Tight Job Market as Year Unfolds

Six months into 2024, U.S. employers are immersed in a delicate high-wire act as they finalize compensation budgets and pay raise plans. Though inflation has moderated to around 3% after peaking at 8% in 2022, the job market remains fiercely competitive, forcing companies to carefully balance salary hikes against rising costs and profitability pressures. The […]
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Preventing Burnout in Working Parents Helps Employers

Preventing Burnout in Working Parents Helps Employers

For companies aiming to elevate productivity, engagement, and loyalty in the workforce, prioritizing support for working parents may be a wise investment. Experts agree the stress of balancing professional and family obligations exacts a significant toll, frequently culminating in burnout — and businesses bear the brunt of the consequences. The Burnout Epidemic A sobering Ohio […]
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