Fringe Benefit Analysts

AUGUST 15, 2023

How Does Dental Insurance Work? Full coverage dental insurance and supplemental dental insurance are designed to reduce the overall cost of dental treatment for those paying for coverage. Deciding if the cost of dental insurance is worth it requires considering how much you may spend annually on dental services.

Insurance 98

Insurance IT Out of Pocket Cost Health Insurance 98

AssuredPartners

FEBRUARY 17, 2022

For rates that did include sick leave, that increase amounted to $0.01 – less than 1% more than the previously issued rate in 2020. When considering that 2020 fringe rates saw no increase over those in 2019, the numbers paint a dire picture.

Health and Welfare 97

Health and Welfare Paid Sick Leave Out of Pocket Cost Government 97

Higginbotham

MARCH 28, 2023

A better option than reducing benefits is to learn how to manage employer health care costs. Health Insurance Costs Keep Rising Employers spend significant sums of money on employee health care – and the costs keep rising. Health insurance alone accounts for 7.8 Only $28.88 was benefits.

Health Insurance 52

Health Insurance Employment Management Out of Pocket Cost 52

Best Money Moves

JUNE 1, 2022

This assistance can come in many forms such as covering the cost of health insurance or assisted savings programs. Health care costs can often drag behind increases in consumer prices, so employees may face an increase in costs that will last throughout this year and next.

401(k) 102

401(k) Out of Pocket Cost Benefits Package Finance 102

Higginbotham

JULY 12, 2022

This may be a good option for employers that want to simplify their health plan administration while giving employees flexibility. Integrated health reimbursement arrangements are designed to work with the group health plan. A benefit reimbursement plan offers a way to cover these costs.

Out of Pocket Cost 52

Out of Pocket Cost Flexible Spending Account Medical Deductions 52

HR Professionals Magazine

NOVEMBER 1, 2022

Remember, CAA Section 204 requires GHPs or insurers to submit general information on your plan or coverage, as well as detailed information related to Rx spending, total health care spending, and the impact of any Rx rebates, fees or other compensation affecting premiums and out-of-pocket costs.

Out of Pocket Cost 52

Out of Pocket Cost Health Insurance Insurance Employee Benefits 52

AssuredPartners

AUGUST 5, 2021

The Transparency in Coverage Final Rule On October 29, 2020, the U.S. Departments of Health and Human Services, Labor and the Treasury (together, the Departments) issued a final rule under the Patient Protection and Affordable Care Act (PPACA) and in furtherance of an executive order issued in 2019.

Out of Pocket Cost 69

Out of Pocket Cost Insurance Carriers Pharmaceutical Insurance 69

Best Money Moves

NOVEMBER 4, 2020

Managing employee healthcare costs in 2021. What the average health insurance premium costs and changes employers are making to health benefits offerings in the new year. According to the Kaiser Family Foundation, the average annual premium is $7,470 for single coverage and $21,342 for family coverage in 2020.

Healthcare 111

Healthcare Out of Pocket Cost Voluntary Benefits Management 111

InterWest Insurance Services

SEPTEMBER 23, 2022

But the costs of coverage can be daunting and many employers worry about whether they can afford benefits programs and struggle to set a budget that won’t deplete or severely dent their profits. Typically, the most expensive and most important benefit is health insurance. Don’t game the system. Getting it right.

Health Insurance 98

Health Insurance Out of Pocket Cost Insurance Paid Leave 98

Higginbotham

MARCH 17, 2022

Transparency in Health Coverage. As we discussed in our CAA webinar last July and our January compliance update, new transparency in coverage requirements apply to group health plans and health insurers in the individual and group markets. Links and Resources . Transparency in coverage FAQs were released on Aug.

Health Insurance 52

Health Insurance Out of Pocket Cost Insurance Health Savings Account 52

AssuredPartners

OCTOBER 17, 2022

For fully insured plans, health insurance carriers will be responsible for making the necessary reporting from a legal standpoint. Once submitted, the Departments will review the prescription drug and health coverage data to prepare a bi-annual publicly available report on prescription drug prices.

Health Insurance 98

Health Insurance Out of Pocket Cost Insurance Carriers Manufacturing 98

McNees

JANUARY 19, 2021

The Consolidated Appropriations Act, 2021 (“Act”), signed by President Trump on December 27, 2020, contains several provisions affecting employee benefits. Here is what you should know: Temporary Special Rules for Health and Dependent Care Flexible Spending Arrangements. The distribution must be taken prior to June 25, 2021.

Employee Benefits 40

Employee Benefits Flexible Spending Health Insurance Pension 40

Best Money Moves

MARCH 27, 2020

It’s important to understand what’s covered by your health insurance (if you have it) and what isn’t. The federal government recently passed a law requiring health insurers to cover testing costs for Coronavirus/COVID-19, but importantly, the legislation does not require insurers to cover the cost of treatment.

Health Insurance 61

Health Insurance Utilities Out of Pocket Cost Insurance 61

AssuredPartners

MARCH 8, 2017

While this plan delays the Cadillac Tax from 2020 to 2025. Most predictions indicate that a significant number of group health plans would trigger the 40% excise tax by 2025 if there aren't any adjustments made to the threshold. This fund could be used to lower out-of-pocket costs, or to promote access to preventive care, etc.

Out of Pocket Cost 40

Out of Pocket Cost Health Savings Account Taxes Insurance 40