In light of the mass, unexpected closures due to COVID-19, many people have been laid off from their jobs and may lose health insurance on May 1. This makes paying for doctor visits and buying necessary items for daily use, such as specialty maintenance prescription drugs, a concern. Here’s some good news: if you can’t […]
Within the last week, testing centers such as LabCorp and Quest have started offering an antibody test for COVID-19. Many PSA clients have reached out with questions about this new test versus the official COVID-19 test, and who should receive which test. As a result, I wanted to address these two separate tests, and give […]
Did you know that pharmacy claims are the number one health care expense for most businesses due to specialty drugs? At a recent PSA Partnership seminar, Ken Huber CPBS, Executive Vice President of Employee Benefits at PSA, pulled back the curtain to explain what’s going on in today’s market with specialty drugs in your Pharmacy […]
In response to the Trump Administration Executive Order regarding improving price and quality transparency in American health care, the Centers for Medicare and Medicaid Services (CMS), the Department of Labor (DOL), and the Treasury Department issued final and proposed regulations that impose transparency requirements on hospitals, health insurers, and group health plans as described below.
Does your company offer some great, but underused employee benefits? Or, do you have a hard time attracting and retaining top-quality employees? Implementing a job perks program that aligns with your company goals and then maintaining and advertising the work perks is key to recruitment and employee satisfaction. If you’re already offering great company perks, […]
Generally, many fringe benefits provided to employees are excluded from taxable income. However, this favorable tax treatment is not available to an S corp shareholder who owns more than 2% of the stock of the corporation on any day of the corporation’s tax year (referred to as a 2% shareholder). Section 1372 of the Internal […]
Despite the massive time and dollar investments in employee benefit plans, surveys show employers are not getting the mileage out of their offerings. The reason? Employers often drop the ball when it comes to properly branding and explaining the benefits via employee benefit communications, which results in a lack of employee appreciation for and understanding […]
As a follow-up to our blog regarding measures preventing workplace harassment, we’ve teamed up again with employment attorney at Offit Kurman PA, Howard Kurman, to share best practices to address workplace harassment when precautionary measures aren’t enough. Howard is frequently retained by companies to conduct objective workplace investigations encompassing a range of issues including workplace […]
We’ve all seen the high volume of harassment claims in the news lately with accusations against many public figures including politicians and celebrities. If this many harassment claims are coming to light on a public scale, you can bet that these types of incidents are just as prevalent in everyday businesses. In fact, we’ve seen […]
