AssuredPartners
FEBRUARY 17, 2022
Annually, in the early summer , The Department of Labor (DOL) issues a new memorandum modifying the fringe benefit rate on contracts covered by the McNamara-O’Hara Service Contract Act (SCA). The fringe rate is based on the latest Bureau of Labor Statistics Employment Cost Index summary of Employer Cost of Employee Compensation (ECEC).
Best Money Moves
JUNE 1, 2022
Health care costs can often drag behind increases in consumer prices, so employees may face an increase in costs that will last throughout this year and next. According to the Kaiser Family Foundation, 46% of employees reported that they have less than $1,000 in out-of-pocket costs for any unexpected hospital/doctor visit.
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Fringe Benefit Analysts
AUGUST 15, 2023
Deciding if the cost of dental insurance is worth it requires considering how much you may spend annually on dental services. Participation in a dental plan provides a low-cost way for employers to provide a more robust book of benefits to their employees. was $128.75 per person.
Higginbotham
JULY 12, 2022
Even with health insurance, dental insurance and vision insurance, employees tend to end up with some out-of-pocket costs that aren’t covered by their various plans. A benefit reimbursement plan offers a way to cover these costs. Learn more about our employee benefits services.
Higginbotham
MARCH 28, 2023
According to the Association for Accessible Medicines, the health care system saved $338 billion in 2020 by using generic and biosimilar drugs. Encourage employees to use their benefits. Employees often have no out-of-pocket costs for preventative care. The cost of prescription medications and care can vary widely.
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