Broker Regulation

The outlook for the benefits industry looks anything but certain.

The following steps should be top of mind for plan sponsors as they consider the new responsibilities outlined in the CAA.

Since the new rule was proposed earlier this month, several business groups have sent letters urging the agency to offer an extension, saying the DOL underestimated the time companies need to review the rule and estimate its financial impact on their businesses.

The worst-hit region is likely to be Europe, where real salaries — nominal wage growth minus the rate of inflation — are seen being driven down an average 1.5%, according to workforce consultancy ECA International.

Employers often want to help employees with these kinds of situations, but granting an employee's request to change a mistaken election often places some amount of risk on the company.

Drug prices for commercial health plans could increase under the recently passed Inflation Reduction Act. HR must act now to reduce costs.