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Smallest Firms See Largest Health Insurance Hikes

InterWest Insurance Services

A new report has found that small businesses that purchase their group health insurance online or through payroll vendors saw the largest premium hikes in 2022, significantly higher than those that went through brokers. The cost for individual group health plans increased 6.7% overall between 2021 and 2022.

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How to offer health insurance as a small business

Higginbotham

Although some small business owners may feel overwhelmed by the prospect of offering health insurance and other benefits, the many advantages can make the effort worthwhile. ALEs are subject to certain health care reporting requirements. However, many small employers decide to offer health insurance anyway.

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As Health Care Costs Bite, Here’s How You Can Help Your Workers

InterWest Insurance Services

The most recent poll by Gallup found that 38% of those surveyed said they or a family member had delayed care in 2022 due to high costs. That’s up from 26% in 2020 and 2021. Even if you are providing them with a robust plan, there are often out-of-pocket cost-sharing and deductibles to contend with.

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Health Expenses a Major Source of Mental Health Issues for U.S. Workers

InterWest Insurance Services

Mental health is already on the radar of employers: Large businesses reported that addressing their workers’ mental and emotional health would be a top priority over the next three to five years, according to a 2021 study by Mercer Consulting. The Centivo report found that: S.

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Top 10 Employee Benefits for 2021

Best Money Moves

Top 10 employee benefits for 2021. HR trends forecast the most desired employee benefits for 2021 like financial wellness programs and flexible work arrangements. It’s time for employers to start planning their employee benefits packages for 2021. Top 10 Employee Benefits for 2021. #1 3 Health Insurance Benefits.

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Employee benefits for small businesses

Higginbotham

workers who quit in 2021 said that low pay was a reason, and 43 percent said that a lack of good benefits was a reason. Health Insurance for Small Business. However, many small business owners offer health insurance coverage anyway. Overall, 59 percent of firms offer health insurance.

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CARES Act - Impact on HSAs, HCFSAs, and HRAs

AssuredPartners

Consumers may also receive reimbursement for OTC purchases through those accounts. It does not have an expiration date.n"},{"attributes":{"bold":true},"insert":"Implementation Tips:"},{"insert":"nNo changes are necessary to implement these changes to a Health Savings Account.