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Bukaty Companies

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Trending topic: weight loss drugs and employer health plans

Weight loss trends fade in and out of popularity, but the latest solution has employers looking at the implications on their benefit plan design. GLP-1s are an in-demand, high-cost class of medications that were originally used to treat diabetes, but have garnered attention for their effect on...

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Court strikes down 2021 copay accumulator rule

In September, a federal judge struck down a 2021 Trump administration rule that gave health plans and pharmacy benefit managers (PBMs) the latitude to exclude the value of drug manufacturer coupons toward a member’s out-of-pocket cost. Plaintiffs in the case argued the practice conflicts with the...

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New overtime rules could arrive in August

The Department of Labor (DOL) anticipates proposing new overtime rules sometime in August. The forecasted announcement is included in the government agencies’ spring regulatory agenda, but the actual date could be subject to change. The DOL originally listed a new overtime ruling on their...

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AI and employment practices – what employers need to note

With the use of Artificial Intelligence (AI) growing in popularity, it is no surprise that its capabilities have begun to integrate into employment practices. While using AI to aid in hiring processes can ease some of the burdens HR professionals are tasked with, the Equal Employment Opportunity...

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HSA limits set for 2024  

Health Savings Accounts (HSAs) are an attractive benefit offering for those looking to boost their savings without sacrificing care. HSAs are tax-exempt accounts that must be coupled with a high deductible health plan (HDHP), whose unused funds can rollover year to year.

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P&C acquisition expands Bukaty services and markets

Bukaty Companies and GM Peters, a P&C agency located in Kansas City, Missouri, completed a new partnership June 1. GM Peters, established in 1915, provides risk management and property and casualty insurance services in the Kansas City area. Their staff of 24 consists of 6 sales consultants and 18...

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I-9 review process reverts to pre-pandemic protocol

Employers are scrambling to comply with the U.S. Immigration and Customs Enforcement’s (ICE) decision to end I-9 verification flexibilities on July 31. Following a 30-day grace period, employers must conduct in-person I-9 documentation verification for remote employees that have been hired since...

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New Missouri law impacts diagnostic testing

Missouri Governor Mike Parson recently signed SB106 into law, which modifies an array of provisions regarding public health. Starting January 1, 2024, Missouri will require health insurance carriers to foot the bill for diagnostic breast imaging. The provision aims to combat breast cancer by...

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Take note of nearing PCORI fee deadline

Self-funded plan sponsors must the Patient Centered Outcomes Research Institute (PCORI) fee each year. The collected fees help fund the organization, which conducts research to aid in better-informed health care choices.

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Mental health matters

Mental health awareness is a trending topic in today’s corporate culture. The Department of Labor (DOL) has marked the significance of the topic by launching a new webpage dedicated to supporting mental health at work. Included in the new page is a list of requirements employers are obligated to...

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