Hospitals margins could sink to unsustainable negative levels in the last half of the year, according to forecasts.
The IRS is extending the claims period for health care flexible spending arrangements and dependent care assistance programs and enabling taxpayers to make mid-year changes to their accounts.
New report says hospitals lost a total of $1.44 billion a day between March and mid-April.
Now is a time for HR managers to reassess healthcare plans and make important changes, health insurance expert says.
Like other businesses, hospitals have been forced to make instant emergency changes because of the coronavirus. But many hospitals are concurrently getting a rush of demand for service with an unclear revenue stream.
Without the ability to catch early signs of burnout, employers may miss important cues as workers struggle with anxiety and stress.
It’s estimated that workplace stress now costs employers $500 billion annually in the form of decreased performance at work or absenteeism.
Employers are seeing a spike in demand for EAPs and behavioral health workplace benefits.
Smaller hospital systems warn they are on fiscal life support as groups lobby for federal funds.
Notice 2020-15 clarifies what Covid-19 expenses can be covered from HSAs.