PeopleKeep

MARCH 27, 2024

One initial aspect of the ACA required all Americans to obtain health insurance that provided minimum essential coverage (MEC) through their employer or on an individual basis or pay a federal tax penalty. The federal government has since repealed the health coverage requirement and penalty known as the individual mandate.

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PeopleKeep

MAY 12, 2023

Health insurance is one of the most sought-after benefits an organization can offer. But few know why employers started providing health insurance in the first place. Employer-sponsored health insurance became widely adopted during World War II.

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PeopleKeep

MAY 18, 2022

Having access to employee benefits like health insurance isn’t always guaranteed for part-time employees. According to the Bureau of Labor Statistics , only 23% of employees with part-time jobs were offered employer-sponsored health insurance.

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Patriot Software

OCTOBER 14, 2022

Offering employer-sponsored health insurance keeps your employees healthy and happy. If you’ve decided to provide coverage, you might be wondering, “What percentage of health insurance do employers pay?” Learn what you must pay as an employer, and look at recent data on average costs.

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PeopleKeep

OCTOBER 17, 2021

If you’re offering health benefits for the first time, or are considering changing up your benefits strategy, it's common for employers to compare a traditional group health insurance plan with individual health insurance reimbursement options, like health reimbursement arrangements (HRAs).

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PeopleKeep

AUGUST 12, 2020

When evaluating a new or existing health insurance program, your organization's contribution strategy is an important consideration. In simple terms, how much will individual employees pitch in for coverage, and what percent of health insurance is paid by the employer?

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BerniePortal

AUGUST 3, 2021

In fact, 88% of workers surveyed reported that they would consider or heavily consider a position with good insurance options. Likewise, according to survey data from employment search engine Monster, employees consider health insurance to be the most important benefit when considering a job offer.

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InterWest Insurance Services

APRIL 27, 2023

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. Overall, more than half of SMB employees opt out of their employer-sponsored coverage.

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Employee Benefit News

OCTOBER 18, 2023

The average employer-sponsored health insurance premium for US families rose 7% to almost $24,000 this year.

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PeopleKeep

JUNE 17, 2021

For many small businesses and organizations, offering traditional group health insurance is a challenge. The good news is, traditional group health insurance isn’t the only option for small employers looking to offer health benefits.

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Money Talk

OCTOBER 11, 2023

For this post, I decided to reflect upon ten benefits of self-employment in later life that I (and other older entrepreneurs) have experienced: Additional Income - A successful business provides additional cash beyond Social Security and other expected sources of income in later life. Almost half of all U.S.

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PeopleKeep

APRIL 6, 2022

With the addition of the Affordable Care Act (ACA), access to affordable health insurance increased, giving more Americans agreat way to reduce unexpected medical costs to a more reasonable amount. Census Bureau says roughly 91% of all Americans are now covered by some form of health insurance. In fact, the U.S.

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Pacific Prime

MARCH 9, 2023

With so many flashy, new wellness benefits on the rise in the industry, it can be easy to forget about the more common perks like employee medical insurance. Employer-provided health coverage has become the standard foundation benefit for the platform of many companies.

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PeopleKeep

OCTOBER 25, 2021

Deciding whether to enroll in a group health insurance plan through your employer or to purchase your own individual health insurance plan can be a confusing decision to make. Many people assume that individual health insurance is more expensive than group health insurance, but is that really true?

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PeopleKeep

OCTOBER 7, 2021

Many people assume that individual health insurance is more expensive than group health insurance. Note: Individual health insurance is purchased by an individual for themselves or their family, and group health insurance is purchased by an employer for employees.

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Business Management Daily

OCTOBER 6, 2021

Whether you know it or not, you have employees that are currently experiencing mental health struggles. As an employer, you want to create an environment that allows employees to do their best work and feel good about their contributions. Are mental health services covered by health insurance?

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PeopleKeep

NOVEMBER 22, 2021

Whether you’re exploring cost-effective health plans for your organization or researching health reimbursement arrangements (HRAs) for the first time, a common question business owners have is, “How much does health insurance cost per employee?”. We’ll also explain how you can use an HRA to further control your budget.

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Patriot Software

FEBRUARY 10, 2022

Do employers have to offer health insurance? Under the Affordable Care Act, you must provide health insurance if you have 50 or more full-time equivalent employees. A Qualified Small Employer Health Reimbursement Arrangement (QSEHRA) is […] READ MORE. What is a QSEHRA plan?

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PeopleKeep

DECEMBER 29, 2021

Navigating the world of health insurance can be tricky, especially if you’ve found yourself with more than one health insurance plan to figure out. While most Americans only have one plan, known as “primary” insurance, some individuals will have another plan, known as “secondary” insurance.

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PeopleKeep

FEBRUARY 12, 2020

A common question among employees is does my employer have to provide health insurance? The health care reform law, called the Affordable Care Act (ACA) , requires certain employers to purchase health insurance or else pay a tax penalty. The answer? Not necessarily.

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PeopleKeep

SEPTEMBER 9, 2021

While group health insurance plans have traditionally been a popular choice for employer-sponsored health benefits, more and more employers are embracing reimbursement models, like health reimbursement arrangements (HRAs). New to signing up for individual health insurance?

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PeopleKeep

JULY 12, 2021

As a small business owner, it’s likely that you, your family, and your employees are covered by individual health insurance policies. But at the same time, your business is growing and the question of expanding your health benefits is on the table. New to offering health benefits?

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PeopleKeep

JULY 21, 2023

Traditional group health insurance has been a top employee benefit for many decades. of Americans had employer-sponsored group health insurance in 2021. According to the U.S. Census 1 , 54.3%

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PeopleKeep

FEBRUARY 12, 2020

A common question among employees is does my employer have to provide health insurance? The health care reform law, called the Affordable Care Act (ACA) , requires certain employers to purchase health insurance or else pay a tax penalty. The answer? Not necessarily.

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Global People Strategist

JULY 13, 2022

As the cost of healthcare continues to rise, private employers are searching for new and innovative ways to provide health insurance for their employees. Here we will take a look at some of the latest trends in health insurance for private employers. The Rise of High Deductible Health Plans.

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PeopleKeep

AUGUST 18, 2021

As the world continues to feel the effects of the global pandemic, health insurance professionals are speculating whether changes in health insurance costs could be coming soon for unvaccinated Americans. With the large majority of COVID-19 deaths and hospitalizations in the U.S.

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InterWest Insurance Services

JANUARY 30, 2024

With health insurance rates steadily rising, employers are seeking alternative solutions to combat escalating premiums. As the standard market continue to deliver rate increases and the traditional self-funded approach gets more volatile, health insurance captive strategies are gaining traction across various sectors.

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InterWest Insurance Services

DECEMBER 9, 2021

These rules were all not mandatory and employers could choose whether to relax them or not. Here are the rules that will sunset at the end of 2021: Allowing employees who had declined group health insurance for the 2021 plan year to sign up for coverage. Allowing for a higher FSA carryover amount than the typical $500.

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PeopleKeep

JULY 8, 2021

More and more employers today are adopting reimbursement models for their employees’ healthcare, empowering employees to choose their own individual health insurance plan and get reimbursed, tax-free, for their premium. Download our guide to see how much healthcare costs in your state.

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InterWest Insurance Services

JULY 14, 2022

The health care sector is not immune to the effects of spiking inflation, and the increasing cost of care is likely to spill over into health insurance — but it’s uncertain by how much. It’s due to these pre-negotiated contracts that employers didn’t see a surge in their premiums coming into 2022.

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InterWest Insurance Services

JANUARY 17, 2023

There are a number of issues that Medicare-eligible workers face that your human resources staff may be asked about, such as: Penalties for late Medicare enrollment, Whether the employer plan is the primary or secondary payer of claims, and. How Medicare eligibility affects health savings accounts. Discontinuing group health coverage.

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Joe Markland

OCTOBER 29, 2020

The Key to Cost Reduction for Years to Come November 5th From 12:00 – 12:00 EST Register Now What if the math you were using to advise your clients around health insurance was wrong? And this New Math can pave the way to lower insurance costs for years to come.

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PeopleKeep

OCTOBER 21, 2020

Under IRS rules , employers can reimburse employees for their health insurance in a tax-advantaged way. The most prominent vehicle for doing so is a health reimbursement arrangement (HRA).

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Higginbotham

JUNE 5, 2023

One question in particular comes up a lot: Do small businesses have to provide health insurance? For very small businesses, health insurance is often optional. Back to the main question at hand: Do these small businesses have to provide health insurance to their employees? The answer is it depends.

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PeopleKeep

SEPTEMBER 15, 2021

As renewal season comes around each year, employers everywhere brace themselves for what their new group health insurance premiums will look like in the new year—because chances are, they’ll be higher. When group health insurance premiums go up, it gets that much harder to meet the employer contribution requirements.

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PeopleKeep

AUGUST 13, 2021

population gets their health insurance through their employer. That means half of the country doesn’t get to make any real consumer decisions about their health coverage, its cost, or what network they’re in. According to data from the Kaiser Family Foundation , nearly half of the U.S.

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Higginbotham

AUGUST 10, 2023

An employee wellness program is a driver of success and sustainability for any organization in any industry, and the core of an effective strategy for employee wellness is comprehensive health insurance coverage. Large companies are making wellness program investments for the benefit of both employer and employee.

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