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Worker Enrollment in HDHPs falls

InterWest Insurance Services

After enrollment in high-deductible health plans soared during the last decade, 2022 marked the first year that enrollment in these plans fell among American workers since 2013, according to a new report by ValuePenguin. It hurts even more if they haven’t funded their health savings account (HSA), which often happens.

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For HDHPs, IRS Confirms Pre-Deductible COVID-19 Testing Coverage Will End Next Year

Proskauer's Employee Benefits & Executive Compensa

In Notice 2013-57, the IRS confirmed that an HDHP could provide pre-deductible coverage of ACA-mandated preventive care services required to be covered without participant cost-sharing. Readers of our prior blog may remember that in response to the district court’s decision in Braidwood Management Inc.

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Employee Benefits Success is All About Communication

Best Money Moves

Benefits that were nonexistent in 2013 (at least in terms of EBRI’s report) like health savings accounts and accident insurance are now offered by more than 15 percent of organizations.

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November HR Update

Higginbotham

Internal Revenue Code (Code) Section 125 imposes a maximum dollar limit on employees’ salary reduction contributions to a health flexible spending account (FSA). 1, 2013, and has been adjusted for inflation for subsequent plan years. 1, 2022, the health FSA contribution limit is $2,850. Type of Account.

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How to Choose a Retirement Plan: 3 Features Employees Love

Insperity

In 2013, 42 percent of retirement plan investors say they’ve increased contribution rates to their workplace savings plan, individual retirement accounts (IRA) or health savings accounts, according to the Fidelity Five Years Later study.

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Laws And Regulations Every HR Professional Should Know In 2023

Empuls

Recent changes have modified the guidelines concerning pre-tax contributions to various benefits packages , such as 401(k)s and Health Savings Accounts (HSAs). For example, in 2013, Indian IT company Infosys paid $34 million to settle allegations of visa fraud, one of the largest settlements of its kind.

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10 Best Employee Benefits Platforms to look out for in 2023

Vantage Circle

5 Source Features Health, dental, and vision insurance Life and disability insurance 401(k) retirement plans Health savings accounts Flexible spending accounts Workers’ compensation insurance Commuter benefits, gym memberships, and mental health assistance.