Illness or Injury: How your Business can Protect your Employees

According to a recent survey, four in 10 American workers live paycheck to paycheck. This means that an unexpected illness or injury that takes your employees off the job for more than a few days can have devastating consequences for many of your employees who depend on their wages to survive. Disability insurance - sometimes called disability income insurance - helps protect workers' incomes against the possibility of loss of work from illness or injury. What it covers In a nutshell, disability insurance helps replace a portion of a worker's income if that worker loses his or her income due…

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Medicare Changes Take Aim at Drug Costs, Push Telemedicine

A series of changes to Medicare programs may lead to lower drug prices for some Medicare Part D and Medicare Advantage enrollees, expand services to include transportation and telemedicine, and bring hospice benefits to Medicare Advantage patients. Drug plan changes Under the Part D Payment Modernization initiative, the Center for Medicare Services is revising the way Medicare compensates private insurers, with the intent of increasing competition and creating incentives for companies to lower drug prices and reduce costs for plan enrollees. Under the current system, once a patient's spending reaches the "catastrophic" threshold, Medicare picks up 80% of the cost…

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