InterWest Insurance Services

MAY 11, 2023

American workers are more stressed than ever coming out of the pandemic, and an increasing number of people are also struggling with mental health issues. Sadly, the number of people dying from drugs, alcohol and suicide hit record levels in 2022. Stress can have a significant adverse impact on business.

Family and Medical Leave Act 98

Family and Medical Leave Act Employment Parental Leave Out of Pocket Cost 98

AssuredPartners

FEBRUARY 17, 2022

When examining benefit costs over the past three years, even if one took a conservative view the result is that health benefit costs have increased 10% over that period. When benefits are an expected perk and are in high demand, a high out of pocket cost translates into a less attractive offering overall.

Health and Welfare 97

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

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. The tax advantages can make health care more affordable.

Health Savings Account 52

Health Savings Account Out of Pocket Cost Deductions Deductible 52

AssuredPartners

NOVEMBER 5, 2020

The rule requires group health plans and health insurance issuers in the individual and group markets to not only provide easy-to-understand personalized information on enrollee cost-sharing for healthcare services, but they must also publicly disclose the rates they actually pay healthcare providers for specific services.

Out of Pocket Cost 52

Out of Pocket Cost Health Insurance Healthcare Insurance 52

Best Money Moves

JUNE 1, 2022

According to SHRM, 16% of large and midsize US employers plan to raise 401(k) contributions or reinstate a contribution match for 2022. Health Care Assistance. A strategy for employers to signal to employees that their needs are being cared for is by increasing health care benefits.

401(k) 102

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

AssuredPartners

JANUARY 22, 2018

This two-year delay will push the effective date for the “Cadillac Tax” to 2022, and will help to protect health care coverage for the more than 178 million Americans with employer-sponsored health insurance.n“We Employer-sponsored health coverage is efficient, effective, and stable. excise tax on U.S.

Taxes 40

Taxes Out of Pocket Cost Health Insurance Medical 40

HR Professionals Magazine

NOVEMBER 1, 2022

But how much do you know about the CAA-required prescription drug and health care reporting requirements? 27, 2022, deadline looming, it’s time to make sure your group health plan (GHP) is on track to timely comply. Reporting for 2022 will be due on June 1, 2023. With a Dec.

Out of Pocket Cost 52

Out of Pocket Cost Health Insurance Insurance Employee Benefits 52

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

JUNE 28, 2023

Insulin prices have increased 600 percent over the last 20 years causing many consumers to be at risk of non-adherence due to cost. 4 Solving the Affordability Issue – Legislation Influence The Inflation Reduction Act , a spending package Congress approved in 2022, capped insulin out-of-pocket costs at $35 for Americans with Medicare.

Healthcare 52

Healthcare Manufacturing Out of Pocket Cost Medical 52

Benefit Resource Inc.

JANUARY 3, 2022

The cost of having a baby is no small fee. Even with health insurance, labor and delivery can cost around $5,000, and without insurance, it can be upwards of $40,000. Fortunately, one great way to help with out-of-pocket costs is utilizing a Health Savings Account (HSA).

Taxes 72

Taxes 401(k) Out of Pocket Cost Health Savings Account 72

AssuredPartners

AUGUST 5, 2021

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. The disclosure obligations set forth in the rule are phased in over three years.

Out of Pocket Cost 69

Out of Pocket Cost Insurance Carriers Pharmaceutical Insurance 69

AssuredPartners

MARCH 31, 2020

All other plans (fully insured or self-funded) need to comply.

Health and Welfare 52

Health and Welfare Health Savings Account Out of Pocket Cost Flexible Spending Account 52

InterWest Insurance Services

AUGUST 22, 2023

If you are running a business, you need to get an early start on preparations for your small group health plan open enrollment, particularly now as so much confusion abounds about the state of health insurance in the country. Going out of network is discouraged with high out-of-pocket costs.

Family and Medical Leave Act 98

Family and Medical Leave Act Out of Pocket Cost Deductions Deductible 98

InterWest Insurance Services

AUGUST 1, 2023

If you are running a business, you need to get an early start on preparations for your small group health plan open enrollment, particularly now as so much confusion abounds about the state of health insurance in the country. Going out of network is discouraged with high out-of-pocket costs.

Family and Medical Leave Act 98

Family and Medical Leave Act Out of Pocket Cost Deductions Deductible 98

InterWest Insurance Services

JUNE 22, 2023

The moves come after the Inflation Reduction Act, signed into law in 2022, capped out-of-pocket insulin costs for seniors on Medicare at $35 per month. of the population — were living with diagnosed diabetes in 2022, and chances are high that most employers have workers with the condition.

Insurance 94

Insurance Out of Pocket Cost Pharmaceutical Deductions 94

InterWest Insurance Services

JUNE 16, 2022

More employers are including narrow provider network insurance plans among their plan offerings to their employees to give them a lower-cost premium option. Narrow provider networks limit the number of covered providers included in health insurance plans. There is no limit if your employee goes out of network.

Employment 98

Employment Out of Pocket Cost Health Insurance Insurance 98

InterWest Insurance Services

MAY 9, 2022

But for employees in your group health plan, they have many options for obtaining a test with no out-of-pocket costs. Under an executive order issued by President Biden, employees in a group health plan are eligible to receive COVID-19 at-home test kits with no cost-sharing, copay, coinsurance or deductible.

Out of Pocket Cost 98

Out of Pocket Cost Health Insurance Insurance Carriers Hospitality 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. 1, 2022 (though extended to July 1, 2022, as mentioned below).

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. Employers who sponsor self-funded health plans should coordinate with their self-funded TPA and pharmacy benefit manager (PBM) to ensure timely reporting of the required data.

Health Insurance 98

Health Insurance Out of Pocket Cost Insurance Carriers Manufacturing 98

Griffin Benefits

NOVEMBER 3, 2022

With over a million ballots cast so far statewide, Arizona voters are already making their voices heard in the 2022 mid-term election. It isn’t a secret that medical care is expensive, and many out-of-pocket costs under health plans have increased. THE RISE OF MEDICAL DEBT.

Medical 83

Medical Paid Sick Leave Out of Pocket Cost Employment 83

McNees

JANUARY 19, 2021

Extension of Grace Periods : The Act permits plans to extend the grace period for a plan year ending in 2020 or 2021 to 12 months after the end of such plan year, with respect to unused benefits or contributions remaining in a health flexible spending arrangement or a dependent care flexible spending arrangement.

Employee Benefits 40

Employee Benefits Flexible Spending Health Insurance Pension 40