Industry Trends (58)
The Employers Council conducts an annual Health, Welfare and Retirement Plans Survey in Colorado, and the results provide valuable insights into benefit and plan trends. We’ve culled through the recent data from 2020 to bring you the latest trends emerging in the Denver/Boulder area.
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Industry Trends
Friday, 16 October 2020 10:59
Use Benchmarking Data to Gauge How Your Benefits Stack Up
Written by Jon Wanczyk
The Kaiser Family Foundation has released their 2020 Annual National Employer Benefits Survey. The survey has been tracking benefit statistics from private and public employers (other than the Federal Government) in the United States for the last 22 years. The 2020 survey included interviews with 1,765 employers.
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Industry Trends
Thursday, 10 September 2020 22:03
Health Reimbursement Arrangements: The Basics
Written by Tonya Young
2021 is right around the corner, and employers with calendar year plans are deciding on their benefit changes for 2021. Health Reimbursement Arrangements (HRAs) can be a great option for reducing healthcare costs while keeping employees’ benefit level the same or better. They can also help you to create greater…
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Industry Trends
Thursday, 20 August 2020 11:21
Improving Medication Compliance with PillPack
Written by Scott Nitowski
The ever-growing prescription drug industry has long been ripe for innovation and disruption. At the same time, members struggle to manage the many prescriptions they may need to take at the same time. As the cost of many prescription medications continues to be very high, Americans are increasingly looking outside…
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Industry Trends
Thursday, 13 August 2020 11:20
What will 2021 Renewals Look Like After COVID?
Written by Adam Wright
The COVID-19 pandemic has created uncertainty for many employers who worry that expensive Coronavirus testing and treatment could lead to a spike in premiums in 2021. But is it a foregone conclusion that we’ll see large renewals, or a myth?
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Industry Trends
Thursday, 25 June 2020 16:53
Employer Survey Results: Returning to the Workplace
Written by Scott Nitowski
In mid-April, CO SHRM and the Denver Regional Council of Governments conducted a survey about how employers are handling returning to the workplace and teleworking after COVID. The survey was completed by over 350 human resource professionals from across the state of Colorado.
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Industry Trends
There is no doubt that navigating business and everyday life during this unprecedented time is challenging. Here at Fall River, we have been proactively gathering the most useful resources to help us make the best internal decisions and to share with our clients. We have also been conversing with the…
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Industry Trends
Friday, 14 February 2020 11:34
Colorado Paid Family and Medical Leave Legislation in Question
Written by Adam Wright
A proposal for paid family and medical leave (FAMLI) has undergone substantial modifications, but its future on the Colorado legislative agenda this year is anything but certain. In 2019, the Colorado legislature created a task force to study paid FAMLI programs, which provided recommendations in January to legislators for a…
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Industry Trends
Friday, 10 January 2020 10:00
Year-End Budget Deal Repeals ACA Taxes and Fees
Written by Amy De Lorenzo
President Trump signed a budget deal on the 20th of December. Some highlights included expanded parental leave for federal workers, a newly-created Space Force, an increase in the smoking age, and border wall funding. The deal also contained a major repeal of health care taxes and fees.
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Industry Trends
At Fall River we’re always keeping our eyes on hot topics in the benefits world. As 2019 closes out, we are bringing you news on three potential developments: legislation preventing surprise hospital bills, the Texas v U.S. court case regarding the validity of the ACA, and the potential for a…
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Industry Trends
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It’s renewal season, a time when we are all painfully reminded that the cost of healthcare keeps going up. In order to stay competitive, employers want to keep their benefits packages extensive and their contributions generous, but how to manage that desire against the reality of cost? One way to…
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Industry Trends
Friday, 25 October 2019 11:09
Relief for Colorado Diabetics with the Insulin Price Cap
Written by Amy De Lorenzo
Jared Polis signed a new law in May 2019 that caps the cost of Insulin at $100 for a 30-day supply, regardless of the supply an individual requires. This is great news for the Colorado diabetic community, but critics speculate on a resulting rise in premiums as insurance companies are…
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Industry Trends
Friday, 11 October 2019 09:20
Benefits Benchmarking: Do You Know How Your Benefits Stack up to Your Competitor’s?
Written by Scott Nitowski
Evaluating your current benefit plans with the intent to attract and retain top talent is more crucial than ever. Benefits benchmarking gives employers the chance to compare their current plans and contribution strategy to that of the competitors. Fall River helps our clients understand how they stack up, and we…
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Industry Trends
Friday, 26 July 2019 10:36
Should Employers Opt in to Offering Opt-Out Benefits?
Written by Juliet Fitzgibbons
Employers are often considering ways to enhance their benefits packages and attract great employees. Some employers might increase their contributions towards the health plans or 401(k) matching contributions, but another option is to offer an opt-out payment for those employees waiving the company-sponsored health coverage. At Fall River we are…
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Industry Trends