Insurance News From Benefit Analysts

Top 25 Prescription Drugs Have Tripled in Price

Top 25 Prescription Drugs Have TripledA recent report by the American Association of Retired Persons (AARP) found the top 25 prescription drugs have tripled in price that Medicare Part D spends the most on. The 25 drugs analyzed in the report represent a significant portion of overall Medicare spending. In fact, the AARP report found that Medicare spent nearly $81 billion on these 25 prescription medications in 2021, more than 37% of total Medicare spending that year. These drugs are taken by more than 10 million Americans enrolled in a Medicare Part D prescription drug plan. Furthermore, the AARP report found that the price increases for all but one of these medications greatly surpassed the annual rate of inflation.

Key HSA Features – 2024 Compliance

Key HSA Features – 2024 ComplianceThis overview summarizes Key HSA Features – 2024 Compliance. Health savings accounts (HSAs) are a popular type of tax-advantaged medical savings account available to individuals enrolled in high deductible health plans (HDHPs). Individuals can use their HSAs to pay for expenses covered under an HDHP until their deductible has been met, or they can use their HSAs to pay for qualified medical expenses that are not covered under the HDHP, such as dental or vision expenses.

Biden Administration Asks Employers to Extend Special Enrollment Period

whitehouseOn July 20, 2023, the Departments of Labor, Health and Human Services and the Treasury (Departments) released a letter calling on employers who sponsor group health plans to extend their HIPAA special enrollment periods beyond 60 days for individuals who lose coverage under Medicaid or the Children’s Health Insurance Program (CHIP).

Work From Home – Improving Your Self-discipline

work at homeWork from home is often associated with increased job flexibility and efficiency, but employees should also consider their self-discipline to succeed in these arrangements. Self-discipline describes your ability to focus on a task or goal to accomplish something. This skill can take many forms in the workplace. Generally, self-disciplined employees are consistent, responsible, persistent and ambitious. They’re able to complete both exciting and uninteresting tasks on time and have a productive mindset.

Self-discipline is crucial for all workers to succeed and accomplish their goals. However, it’s even more important for remote employees, who often have less managerial oversight and more potential distractions than in-office workers.

Work from Home – Importance of Cyber Security

importance of cyber securityRemote work comes with unique challenges, including additional cyber security risks. As artificial intelligence (AI) use becomes more popular among businesses and individuals, remote workers must be aware of the potential risks associated with using this technology. Although there are cyber security benefits to using AI, such as streamlined threat detection and the ability to analyze vast quantities of data, it also has the potential to be weaponized by cyber criminals. These threat actors have already begun leveraging AI technology to seek out their targets more easily, launch attacks at greater speeds and in larger volumes, and wreak further havoc amid these attacks.

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