Salaries are projected to rise in 2020, and U.S. employees should also expect to bring home more in bonuses next year, according to new data released today by Aon plc, a leading global professional services firm providing a broad range of risk, retirement and health solutions. Aon’s 2019 U.S. Salary Increase Survey of 1,216 U.S.… Continue reading Buoyed by the Largest Projected Bonuses in Four Decades, Employees Should See Pay Climb in 2020
Tag: health insurance
Health Insurers Set to Expand Offerings Under the ACA
Insurers are expanding their Affordable Care Act plan offerings for next year, with the once-troubled business now generating profits, even as the overall individual-insurance market has shrunk. Oscar Insurance Corp. is the latest to announce its expected growth for 2020, adding six new states, including Pennsylvania and Georgia, to its current roster of nine. Insurers… Continue reading Health Insurers Set to Expand Offerings Under the ACA
Cigna Seeks Sale of Group Benefits Insurance Business: Sources
U.S. health insurer Cigna Corp is exploring a sale of its group benefits insurance business, which could be valued at as much as $6 billion, four people familiar with the matter said on Tuesday. The unit for sale offers disability insurance as well as life and accidental death and dismemberment coverage to clusters of company… Continue reading Cigna Seeks Sale of Group Benefits Insurance Business: Sources
Oscar Health Lands Berkshire Hathaway Deal Ahead of Obamacare Expansion
Oscar Health reported an “underwriting profit” of $128 million and disclosed a key new reinsurance partner as the health plan prepares to expand deeper into the business of providing individual coverage under the Affordable Care Act. Oscar, which made its name as a startup focused on providing Obamacare coverage, Thursday reported a second-quarter “underwriting profit… Continue reading Oscar Health Lands Berkshire Hathaway Deal Ahead of Obamacare Expansion
Despite Calls to Start Over, US Health System Covers 90%
America’s much-maligned health care system is covering 9 out of 10 people, a fact that hasn’t stopped the 2020 presidential candidates from refighting battles about how to provide coverage, from Bernie Sanders’ call for replacing private insurance with a government plan to President Donald Trump’s pledge to erase the Affordable Care Act and start over.… Continue reading Despite Calls to Start Over, US Health System Covers 90%
Bipartisan House Coalition Strikes Against Health Law’s Cadillac Tax
The House of Representatives is poised to vote to repeal the “Cadillac tax” on high-cost employer health insurance, removing a piece of the Affordable Care Act that never took effect. Wednesday’s scheduled vote could deliver a victory to labor unions and employers that teamed up against the tax. On the losing side: deficit hawks and… Continue reading Bipartisan House Coalition Strikes Against Health Law’s Cadillac Tax
Patients with High-Deductible Health Plans to Get Greater Flexibility
Millions of Americans in high-deductible health plans may find it easier to afford insulin, inhalers and other treatments for chronic health problems under guidance expected Wednesday by the Trump administration. The guidance from the Internal Revenue Service and the Treasury Department will create new flexibility for high-deductible health plans linked to special pretax health savings… Continue reading Patients with High-Deductible Health Plans to Get Greater Flexibility
Your Employee Health Plan Could Soon Look Like Your 401(k)
A landmark change will soon give more American workers control over their health-care coverage, but be warned: There are pitfalls. Beginning Jan. 1, 2020, companies can provide employees with tax-free dollars to purchase an individual policy rather than offer them a traditional group-health plan. The Trump administration laid out the final rules for the so-called… Continue reading Your Employee Health Plan Could Soon Look Like Your 401(k)
Washington State to Offer Public Health Insurance Plans, Regardless of Income, by 2021
Washington is set to become the first state to enter the private health insurance market with a universally available public option. A set of tiered public plans will cover standard services and are expected to be up to 10% cheaper than comparable private insurance, thanks in part to savings from a cap on rates paid… Continue reading Washington State to Offer Public Health Insurance Plans, Regardless of Income, by 2021
Aon Says Schemes Continue to Increase Member Support at Retirement
Aon plc, a leading global professional services firm providing a broad range of risk, retirement and health solutions, has said that UK defined benefit (DB) pension schemes are continuing to offer more support to members for their decision making at retirement, with almost one in five schemes now including personalised transfer value figures in retirement… Continue reading Aon Says Schemes Continue to Increase Member Support at Retirement