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News Brief: Health Care Costs Projected to Grow 7% in 2024 | MD Employee Benefits Leaders

Health care costs are expected to grow 7% in 2024 due to rising pharmaceutical expenses driven by specialty drugs and insurers increasing rates in response to inflation, according to an annual report from professional services firm PricewaterhouseCoopers (PwC). This trend is higher than 2022’s and 2023’s projected medical cost rates, which were 5.5% and 6%, … Continued

Trending Topics: Fertility Benefits | Maryland Benefits Agency

Did you know that in 2017 the American Medical Association and the World Health Organization recognized infertility as a disease? Approximately 17.5% – roughly one in six couples– are affected by infertility in the U.S. As societal norms and employee expectations continue to evolve, companies are recognizing the importance of offering comprehensive benefits packages that … Continued

Benefits Breakdown – August 2023 | MD Benefits Firm

Strategies for Identifying and Resolving Gaps in Benefits Offerings Identifying gaps in benefits offerings can be complex, as it requires a careful assessment of employee preferences, trends and organizational resources. However, this task is vital; benefits offerings can lead to increased employee engagement and satisfaction. Consider the following strategies for identifying and addressing these gaps: … Continued

Financial Safety Nets – Don’t Let Your Employees Fall Through the Cracks! | MD Employee Benefits Leaders

In the wake of the Great Depression and WWII, employers started to add benefits packages.  Healthcare had fallen by the wayside for families working to access the basic necessities of life.  The idea was to support the employee’s personal needs while keeping and attracting the best talents in the workforce. This trend of offering benefits … Continued

Benefits 101: What Is an EAP? | Maryland Benefits Agency

As much as employers might prefer that employees’ personal affairs do not interfere with their work, the reality is that problems outside of the workplace can and do impact job performance.  Many of these issues go unaddressed due to fear of stigmatization, leading to further declines in employee health and productivity.  Anxiety and stress, financial … Continued

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