Employee benefits, and more specifically, the healthcare industry is challenging to understand for those who don’t spend their lives in it. Even the
New Federal Rules Look to Increase Price Transparency in Healthcare
Employee benefits are a crucial piece of business to any employer. But, while necessary, these employee benefits cost employers’ copious amounts of
A Battle of Savings Vehicles: HSA vs FSA vs HRA
In this article, we'll define a health savings account (HSA), a flexible spending account (FSA), and a health reimbursement account (HRA). Plus, we'll
How You Can Make the Most Out of Your 2020 Open Enrollment
Over the past two weeks on this site, we’ve done a deep dive into open enrollment for 2020. This week, we’re going to close out our investigation of
What You Need to Include on Your 2020 Open Enrollment Checklist
Last week, we took a deep dive into open enrollment, and the 20 open enrollment trends your business needs to know for 2020. This week, we’re going to
15 Voluntary Employee Benefits That Support Your Staff
Unlike picking who your family is, you can actually have a say in what voluntary benefits you get. Therefore, one of the largest advantages of
How to Boost Your Benefits Package Without Spending More Money
All of us here at The Olson Group love employee benefits. It’s literally our job. But even we recognize it can be tough for employers, especially
This is the Reason Prescription Drugs are so Expensive in the U.S.
All of us have been sick at one point in our lives. Whether it’s a common cold or a severe and chronic disease, we all know what it’s like to feel
This is the Key to Improving Your Pharmacy Benefits
Last week, my colleague wrote an in-depth analysis of pharmacy benefit managers (PBMs). In the article, he defined PBMs and detailed how one specific
Can a Pharmacy Benefit Manager Help Slash Your Drug Costs?
A recent study by PWC found prescription drug plans typically comprise between 18 – 25 percent of an employer’s total healthcare spend. What’s more,