Recent Insights

For the first time in history, many employers are managing a workforce that spans five generations—from employees just entering the workforce to those delaying retirement well into their sixties and seventies. While this diversity can strengthen organizations through broader perspectives and experience, it is also reshaping how employers think about benefits. Traditional, “one-size-fits-all” offerings are […]

READ TIME: 5 MINUTES The Centers for Medicare & Medicaid Services (CMS) has finalized important changes affecting Medicare Part D creditable coverage determinations beginning with plan years starting on or after January 1, 2027. The updates will impact the way employer-sponsored health plans evaluate prescription drug coverage and comply with Medicare Part D disclosure requirements. The final […]

READ TIME: 7 Minutes Health and welfare plan fiduciaries are entering a period of increased legal scrutiny. For many years, fiduciary litigation under the Employee Retirement Income Security Act of 1974 (ERISA) focused primarily on retirement plans, and particularly on allegations of excessive fees involving 401(k) plans. More recently, however, plaintiffs and regulators have shifted […]

Artificial intelligence is already part of the workplace. Employees are using generative tools to draft emails, summarize documents, build presentations, analyze data, and accelerate research. In many cases, these tools appeared before organizations had formal policies in place. The result is a familiar tension: leadership recognizes the productivity benefits of AI, but concerns remain around […]

Bim Group is honored to be named a Best Place to Work (BPTW) in Kentucky for the 21st year in a row! It truly never gets old and we are extremely proud of our perennial recognition as a “Best Place to Work” employer – a designation bestowed on our company by our employees. We have a unique […]

Under the Consolidated Appropriations Act (CAA), health insurers offering group or individual health coverage and self-funded group health plans are required to report data annually regarding prescription drugs and healthcare spending to the Departments of Health and Human Services, Labor, and Treasury (Tri-Agencies). The next required submission date to report 2025 data is June 1, […]

READ TIME: 6 MINUTES Providing paid family and medical leave can be a valuable benefit for employees, but it also creates direct payroll costs for employers. To encourage employers to offer paid leave programs, federal tax law includes a Paid Family and Medical Leave (PFML) employer tax credit under Internal Revenue Code Section 45S. This credit allows […]

Schlichter Bogard LLC, a law firm well-known for filing lawsuits against retirement plan fiduciaries (and recently health and welfare plan fiduciaries), filed separate class action lawsuits against four employers, their employee benefit plan fiduciaries, and their employee benefit brokers and consultants, alleging these parties breached their fiduciary duties with respect to voluntary accident, critical illness, […]

Please Review:  Employer groups currently with or formerly with Anthem as medical insurance carrier or TPA. We want to make you aware of a data security incident regarding Conduent Business Services, a subcontracted vendor for Anthem Blue Cross / Blue Shield (Elevance Health). Based on the information that has been shared with our team, the […]