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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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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 But what can employers do to help?

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Smallest Firms See Largest Health Insurance Hikes

InterWest Insurance Services

Overall rates for employers with 10 or fewer employees saw their family plan health insurance premiums jump 12% from 2021, compared to just 5.4% The cost for individual group health plans increased 6.7% overall between 2021 and 2022. Deductibles can be added to the plan to manage premium costs.

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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.

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How to offer health insurance as a small business

Higginbotham

Why Small Businesses Should Offer Health Benefits In the U.S., many people expect to access health insurance through work, and most companies offer health benefits. percent of Americans had employer-based health insurance in 2021, making this the most common type of health insurance.

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FSA eligible expenses — what purchases count?

Business Management Daily

However, the American Rescue Plan Act temporarily raised that to $10,500 for the 2021 plan year. Limited Purpose FSA: An FSA that covers out-of-pocket costs for dental and vision care, but not standard medical care. What Expenses Are Covered By an FSA?

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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. Under the ACA, small employers with fewer than 50 full-time equivalent employees are not required to offer health insurance or subject to the employer shared responsibility provisions.