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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. Since 2018, individual premiums have increased by 21% while family premiums have increased by 18%.

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Worker Enrollment in HDHPs falls

InterWest Insurance Services

The dip, while seemingly small, represents millions of workers that have opted for other plans as employers are offering a greater variety of plans to their employees, including preferred provider organizations (PPOs) and health maintenance organizations. The many benefits of HSAs Employees contribute pre-tax dollars to the account.

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How will you cover health care expenses in retirement?

Benefit Resource Inc.

Households released in May 2018. The report provides insight into the financial health of families across America, examining factors like employment, student loans, and retirement. Only you know if your savings match one of those statistics. The tax savings. It will help you save on taxes and on health expenses.

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Retirement Benefits Education: 3 Ways Employers Can Help Still-working Baby Boomers

Corporate Synergies

Older workers approaching full retirement age (where they can begin receiving 100% of Social Security), face daunting decisions this, Medicare, and retirement plans such as health savings accounts (HSAs) and 401(k)s. As an employer, you can help Baby Boomers with the retirement benefits education and planning process in 3 ways.

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ACA Update: What You Need to Know This Fall

Winston Benefits

It’s been a wild year for health insurance reform. While the Affordable Care Act has a small direct effect on employer-sponsored health insurance, chances are your employees are feeling uncertain about their coverage, and they’ll be coming to you for answers. Health Insurance Is King.

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HRA or HSA? Which account is it? 

Benefit Resource Inc.

But, Health Reimbursement Accounts (HRAs) and Health Savings Accounts (HSAs) prove to be a little mind boggling for people. ROUND ONE: Which account(s) is funded by the employer? An HRA is always funded by an employer (and only the employer). HRA or HSA? HRA or HSA? Definitely an HRA.

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Why you should offer Blue Cross Blue Shield Massachusetts health care to your employees

Genesis HR Solutions

If you’ve been around small to midsize businesses for any amount of time over the last decade, you’ve no doubt seen or experienced the frustrations of navigating health insurance. And those players often come armed with health insurance options that small businesses like yours don’t have access to or can’t afford to offer on your own.