Best Money Moves
JUNE 1, 2022
Improving retirement benefits can also be a great way for employers to keep up with the competition in their industry. According to SHRM, 16% of large and midsize US employers plan to raise 401(k) contributions or reinstate a contribution match for 2022. Comprehensive Financial Benefit Packages. Health Care Assistance.
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).
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Higginbotham
NOVEMBER 28, 2022
If you have a high-deductible health plan, you must pay the deductible out-of-pocket before the plan starts covering its share of care costs – although the plan may cover certain preventative care costs before you meet the deductible. Custom Benefits Packages. Offering Health Savings Accounts. Learn more.
Higginbotham
JANUARY 27, 2023
According to the KFF 2022 Employer Health Benefits Survey, 51 percent of all firms offer health benefits. Although it may seem easier to boost wages and forget about employee benefits, due to potential tax breaks, offering health insurance can be a financially sound strategy. Census Bureau says that 54.3 Learn more.
Higginbotham
MARCH 28, 2023
Health Insurance Costs Keep Rising Employers spend significant sums of money on employee health care – and the costs keep rising. per hour in September 2022. was benefits. In other words, benefits account for nearly one-third of a worker’s total compensation. Health insurance costs have been rising.
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. According to Investopedia , the maximum benefit in 2022 is $1,800.
InterWest Insurance Services
AUGUST 22, 2023
Going out of network is discouraged with high out-of-pocket costs. Preferred provider organizations – PPOs contract with hospital and provider networks to help control costs. While they will cover services outside of the network, the cost is higher than going in-network.
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