CVS Health recently announced that it will invest nearly $600 million over five years to advance employee, community and public policy initiatives that address inequality faced by Black people and further decapacitated communities. The investment follows a commitment from President and CEO Larry Merlo to evaluate how the company operates …
In light of COVID-19, employees are becoming increasingly conscious of the costs and need for suitable healthcare coverage. In an effort to meet this rise in knowledgeable consumerism, employers should prepare for an increased level of engagement in the organization’s annual employee benefits Open Enrollment. We recommend thoroughly reviewing all …
To increase member engagement and combat rising healthcare costs experienced in today’s market, healthcare company Aetna has designed a new innovative insurance plan. The Aetna Connected plan, which will be available in January 2021, will permit members to access appointments at CVS Health’s MinuteClinic and newer HealthHUBs for no copay; …
The novel coronavirus has forced employers to implement a variety of strategies to transform their workplace and adhere to the needs of their employees. From updating leave policies to accommodating work from home needs, the importance of prioritizing an employee’s health and wellness cannot be understated. While resuming “business as …
Prescriptions are expensive and it’s easy to become overwhelmed by the high rising costs in today’s market. The United States spends twice as much on prescription drugs as other high-income nations; and the average American spends approximately $1,200 each year on prescriptions drugs. Whether you are covered by insurance through …
“Employers and other plan sponsors are increasingly looking for innovative tools to help people manage worry and anxiety, especially in light of the COVID-19 pandemic,” said Sree Chaguturu, MD, chief medical officer at CVS Caremark, the PBM of CVS Health, in a statement. CVS Health has launched ‘Daylight’ — …
According to a recent federal rule, individuals who have been laid off or furloughed will now have additional time to decide whether to continue with the same employer-sponsored health insurance. With the new rule’s extended timeframe, individuals will have at least 120 days to decide whether they want to elect …
Mental health is essential to personal well-being, family and interpersonal relationships, and the ability to contribute to your community and society. Getting outside has a profound impact on our brains and our behavior. It allows us to disconnect, reduce anxiety, relieve everyday stressors, and improve our overall well-being. Finding time …
With a large majority of summer camps and programs shut down due to the current COVID-19 pandemic, working parents are looking for new ways to keep their children active, healthy and occupied. According to data from the American Psychological Association (APA), 60% of parents have stated “they have no idea …
On June 19, 2020, the Internal Revenue Service (IRS) issued proposed regulations under a portion of the 2017 Tax Cuts and Jobs Act that eliminated the employer deduction for certain employee transportation benefits. The Tax Cuts and Jobs Act changed Section 274 of the IRS Code to disallow employer deductions …
Due to the urgent need to help facilitate the nation’s response to the current public health emergency posed by COVID-19, the Departments of Labor, Health and Human Services and the Treasury have provided answers to a second set of frequently asked questions (FAQs Part 43). This FAQ document provides guidance …
The coronavirus (COVID-19) pandemic has raised a multitude of questions and continues to cause complications among employee populations. A great deal of employers have begun to implement plans to bring employees back into the workplace. So, you might ask yourself — how does one promote a healthy workforce and encourage …
In response to the COVID-19 pandemic, states have passed new employee leave laws and issued new regulations on existing leave laws. These provisions are in addition to the federal Emergency Paid Sick Leave and Emergency Family and Medical Leave Expansion requirements passed on March 18, 2020 as part of the …
The coronavirus pandemic has forced employers to reimagine how they conduct business now and in the future. With many companies extending telework opportunities and seeking ways to limit contact in the workplace, employers are beginning to plan for virtual open enrollment. Businesses have and will continue to face adjustments to …
Since the coronavirus pandemic swept through the United States, nearly 43 million Americans have filed for unemployment. Consequently, uncertainty for what the future holds has been a common theme for many employers in recent months, which has inevitably influenced the lives and routines of their employees. To keep remote employees …
