News & Insights
If you haven’t been following the Obamacare news recently – and given how much else has been going on, there’s a good chance you haven’t – then you may have missed the news that insurers' rate-increase requests for 2017 are quite large. A new report from the Kaiser Family Foundation says the cost of the “benchmark” plan (the second-lowest-cost silver plan in a market, which is the price used to calculate subsidies) will go up 10 percent this year, double the rate at which prices increased last year. Read more.
At this year’s Society for Human Resource Management (SHRM) conference in D.C., the group released a 20-year recap of employee benefits. The study spoke to 3,490 HR professionals and reviewed over 300 benefits. Read more.
Is your data management system overdue for an overhaul? Benefit plan sponsors don’t need to feel stuck with old systems requiring hours of manual data entry, according to Marc Rind, chief data scientist for ADP. Read more.
Some consumers who bought their health coverage through the public exchange system in 2014 or 2015 may have to refile their tax returns. The Internal Revenue Service explains the rules in a new batch of advice aimed at exchange-plan users who get corrected or voided Form 1095-A health insurance exchange coverage notices for 2014 or 2015. Read more.
Soon, it may no longer be accurate to refer to a low-wage gig without benefits as a “McJob.” Recently the company that inspired the sad term is now attributing its recent growth to — wait for it — higher wages and more generous employee benefits. Read more.