article thumbnail

Waiving HDHP Deductibles Has Little Effect on Premiums, Study Says

InterWest Insurance Services

Employers who offer health savings account-eligible high-deductible health plans (HDHPs) to employees can significantly expand pre-deductible coverage for certain drugs used to manage chronic conditions — with only a tiny effect on premiums. no deductible and no coinsurance), the net impact on premiums was an increase of 4.7%.

article thumbnail

Eight reasons for rising healthcare costs

PeopleKeep

Premium increases, higher deductibles and copays, and soaring prescription drug prices result in spikes in healthcare costs. trillion by 2030 2. trillion by 2030 2. The average American spends a considerable amount of money on healthcare each year. Let’s look at eight key factors for rising healthcare costs in the U.S

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What does the modern company car scheme look like?

Employee Benefits

“This has prompted a demand for company car schemes to offer more options such as electric vehicles as businesses align with this growing consciousness and adapt to the upcoming 2030 ban on the sale of petrol and diesel cars,” she says.

Salary 105
article thumbnail

What you should know about the House’s new 401(k) legislation

Business Management Daily

Their initial pretax deductions would range from 3% to 10%. Pretax deductions would increase by 1% each year, until they reach at least 10%. s maximum pretax deduction of 15% would remain. Under SECURE 2.0, all-new 401(k) plans would be required to auto-enroll employees; employees would need to opt-out to get their full salary.

401(k) 59
article thumbnail

AMERICAN RESCUE PLAN ACT CONTAINS MANY EMPLOYEE BENEFITS RELATED PROVISIONS

Benefits Notes

The credit is fully deductible and, in anticipation of the credit, the credit may also be advanced, according to forms and instructions provided by federal agencies, through the end of the most recent payroll period in the quarter. The financial assistance program will be funded out of the Department of Treasury’s general assets.