Mental Health Parity Compliance Remains a Key Focus in 2024
The U.S. government is continuing its efforts to improve access to mental health and substance use disorder (MH/SUD) care in 2024 — with a top enforcement priority being compliance with the Mental Health Parity and Addiction Equity Act (MHPAEA) for employer-sponsored health plans. MHPAEA is a federal law that prevents group health plans and health insurance […]
Improving the Utilization of Employee Assistance Programs
Employee assistance programs (EAPs) are employer-sponsored programs that offer services or referrals to help employees deal with personal problems. These programs can boost employee well-being, satisfaction, performance and health. Unfortunately, these programs are often heavily underutilized. According to Mental Health America, 98% of mid- to large-sized companies offer EAPs, but only 4% of employees use […]
Mental Health Benefits
More than 1 in 5 Americans have diagnosable mental health conditions at some point in their lives, yet only about half of those individuals receive professional mental health treatment. One major determinant of an individual’s access to mental health care is whether he or she has health insurance that includes mental health benefits. Now, under […]
7 Key Employee Benefits Trends in 2024
Attracting and retaining employees has challenged employers since the onset of the COVID-19 pandemic and as employee benefits trends evolve. In 2024, the labor market is expected to cool slightly; however, competition for talent will remain. As such, employers must remain agile and adapt to developing labor and market trends that will shape the market […]
4 Key Trends Driving Employer Health Care Costs in 2024
Amid ongoing inflation pressures, employees and employers alike can expect their health care costs to increase in 2024. Global professional services firm Aon reported that health care costs for employers will grow by 8.5% in 2024 (to more than $15,000per employee), nearly double 2023’s figure. In line with those findings, the Business Group on Health’s […]
Mental Health Awareness Month: It Matters Now More Than Ever
Each year, 1 in 5 Americans will be diagnosed with a mental illness or disorder.1 Additionally, over 50% of adults with a mental illness have not received treatment.2 Because of how prevalent it is, there’s a good chance that you or someone you know is struggling with their mental health. Mental health issues are distinct […]