5 Reasons Employers Should Carve Out Prescription Drug Benefits
5 Reasons Employers Should Carve Out Prescription Drug Benefits Prescription Drugs typically makes up 20% of an employer’s overall spend, and with the rise in specialty drugs, industry experts expect […]
Innovative Launches New Online Health Plan Benchmarking Tool
Innovative Launches New Online Health Plan Benchmarking Tool Benchmarking is more important than ever. Knowing how your health plan compare to your peers allows you to be competitive in recruiting […]
Innovative Launches New Digital Employee Benefit Guide Technology
Innovative Launches New Digital Employee Benefit Guide Technology As technology continues to transform the workplace, HR professionals are seeking new and improved ways to deliver their health plan benefits, while […]
The DOL Issues ARPA COBRA Subsidy Forms
The DOL Issues ARPA COBRA Subsidy Forms On April 7, 2021, the Department of Labor (DOL) issued the much awaited COBRA Model Notices required under the American Rescue Plan Act […]
Environmental, Social and Governmental (ESG) Fund Best Practices for Plan Sponsors
Environmental, Social and Governmental (ESG) Fund Best Practices for Plan Sponsors Socially responsible investing has grown in popularity as investors become more aware of how organizations operate from an environmental, […]
March 2021 Compliance Recap
March 2021 Compliance Recap The employee benefits guidance issued in March 2021 was largely focused on providing relief to individuals and businesses impacted by the continuing COVID-19 pandemic. Significantly, on […]
Innovative’s 2020 Consulting Highlights
Innovative’s 2020 Consulting Highlights 2020 was a challenging year for many, but here at Innovative, we were dedicated to delivering the best value and results for our clients. Not only […]
PPE as Section 213(d) Qualified Medical Expenses
PPE as Section 213(d) Qualified Medical Expenses The Internal Revenue Service (IRS) released Announcement 2021-7 providing that amounts paid for personal protective equipment (PPE) such as masks, hand sanitizer and […]
American Rescue Plan Act Brings Several Health Plan Provisions
On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 (Act). The Act is a $1.9 trillion legislative package that includes pandemic relief for individuals and […]
Is Level Funding a Good Fit for Your Employee Benefits Plan?
Is Level Funding a Good Fit for Your Employee Benefits Plan? Level funding is a great strategy for employers that are interested in self-funding, but like a plan that looks […]
