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Employers ‘Unwavering’ in Providing Group Health Benefits: Research

InterWest Insurance Services

The poll of 26 health benefits decision-makers at large firms, carried out by The Commonwealth Fund and the Employee Benefits Research Institute (EBRI), found that despite rising premium and health care costs, they felt obligated to offer health insurance instead of shunting employees to exchanges.

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How HSAs can transform retirement planning and your common questions

WEX Inc.

And it’s a solution you might already be offering: the health savings account. These accounts provide another way for your employees to diversify their efforts to prepare for retirement. Despite all the options available, only 36 percent of non-retirees said in a 2019 survey that their retirement saving is on track.

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June HR Update

Higginbotham

P CORI Fees Due July 31, 2023 The Affordable Care Act (ACA) requires health insurance issuers and self-insured plan sponsors to pay Patient-Centered Outcomes Research Institute fees (PCORI fees). However, a federal spending bill enacted at the end of 2019 extended the PCORI fees for an additional 10 years.

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CARES Act - Impact on HSAs, HCFSAs, and HRAs

AssuredPartners

Consumers may also receive reimbursement for OTC purchases through those accounts. This provision is effective for purchases made after December 31, 2019, and for reimbursements of expenses incurred after December 31, 2019. All other plans (fully insured or self-funded) need to comply.

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How will you cover health care expenses in retirement?

Benefit Resource Inc.

If you are currently employed, there is one change you can make to start saving: Enroll in a Health Savings Account (HSA). We’ll go over the three reasons why enrolling in an HSA might be the best option for you in order to save on health care expenses in retirement. The tax savings.

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Top 10 Employee Benefits for 2021

Best Money Moves

3 Health Insurance Benefits. Employers who don’t offer health insurance might want to reconsider and employers who do should audit their healthcare offerings to determine the out of pocket costs of deductibles, prescriptions, copays and then work with benefits brokers to provide better coverage. . 4 Paid Time Off.

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Pre-Tax Benefits Explained Through Emojis ???????????

Benefit Resource Inc.

The limits for 2019 should be released later this month. Health Savings Account. A Health Savings Account is the only pre-tax benefit account that offers a triple tax benefit. Additionally, unlike other pre-tax accounts, an HSA does not have a specific window in which funds must be used.

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