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Health Expenses a Major Source of Mental Health Issues for U.S. Workers

InterWest Insurance Services

Mental health is already on the radar of employers: Large businesses reported that addressing their workers’ mental and emotional health would be a top priority over the next three to five years, according to a 2021 study by Mercer Consulting. It found that only 10% of those surveyed had a health plan with a zero deductible.

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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 1 Financial Wellness Programs.

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The Consolidated Appropriations Act: 2021’s Employee Benefits Provisions

McNees

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.

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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. According to the 2021 Employer Health Benefits Survey from KFF, 56 percent of firms with three to 49 workers offer health benefits to at least some of their workers. The Benefits of Employee Benefits.

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FSA eligible expenses — what purchases count?

Business Management Daily

Flexible Spending Accounts allow employees to set aside pre-tax dollars from their paycheck to use for medical or dependent care expenses. They may also be questioning whether they have a need for an FSA and if so, how much they should choose to have deducted each month. Copays, co-insurance, and deductibles for medical care.

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2022 New Compliance Considerations Keep Popping Up 

HR Professionals Magazine

Insurance ID Cards – Insurance ID cards must include in-network and out-of-network deductibles, out-of-pocket maximums and a telephone number and website address for assistance. Information for 2020 and 2021 is due by Dec. In many cases, it will be necessary and appropriate for vendors to assist with compliance.

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CARES Act - Impact on HSAs, HCFSAs, and HRAs

AssuredPartners

This provision is effective immediately and will expire December 31, 2021. Consumers may also receive reimbursement for OTC purchases through those accounts. In addition, menstrual products are now considered a qualified medical expense, meaning consumers can pay for or be reimbursed for these products through an HSA, HCFSA or HRA.