Benefits are taking up a continually greater share of employee compensation. This trend is as true for hospitals as any other industry. Keenan Health Care summarizes some recent trends for California hospitals. According to a survey of 83 California health care organizations (representing 219 hospitals): Benefits represent 28% of the employee compensation for the average [...]
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Health Insurance Premium Growth
Health Insurance premium inflation is back. According to the Kaiser Family Foundation Employer Health Benefits Survey 2011, health insurance premiums for single individuals was $5,429 for single individuals and $15,073 for a family plan. Premium growth for single and family plans was below 6 percent per year over the last 5 years (2005-2010). However, between [...]
Read the rest of this entry »Employers Pushing Healthier Living
“This isn’t about big brother telling people what to do,” says John Rice, GE’s vice-chairman, “but helping them make better choices.” The Economist reviews large employers efforts to improve employee health and thus decrease their own health care costs. Some of these efforts include: Prohibiting smoking on company premises Handing our healthy recipes Building on-site [...]
Read the rest of this entry »Eligible FSA expenses
Which expenses are eligible for you flexible spending account (FSA)? Find out here. Some changes for 2011: “Beginning January 1, 2011, OTC medicines and drugs will no longer be eligible for reimbursement under your health flexible spending account (FSA) unless prescribed by a doctor (or other individual who is legally authorized to issue a prescription) in [...]
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