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2022 Health Insurance Outlook, Changes

InterWest Insurance Services

Here are the rules that will sunset at the end of 2021: Allowing employees who had declined group health insurance for the 2021 plan year to sign up for coverage. The CAA created a number of new requirements that affect health insurance and coverage. More guidance coming.

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Leveraging HRAs as a health insurance broker

PeopleKeep

A good health insurance broker wears many hats. Beyond simply selling health insurance, they’re viewed by their customers as a trusted advisor and an industry expert.

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Study Pegs Group Benefits Return on Investment at 47%

InterWest Insurance Services

A recent study has found that employers who offer health insurance coverage to their staff had an average return on investment (ROI) of 47%, meaning that for every $1 an employer spends, it will receive $1.47 The analysis by Avalare , a wellness plan provider, and commissioned by the U.S. in benefits.

401(k) 93
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New Approaches to Managing Health Care Costs, Improving Outcomes

InterWest Insurance Services

As health insurance and health care costs continue climbing, some employers are taking new and innovative steps to tamp down costs for themselves and their covered employees while not sacrificing the quality of care they receive. As well, many PBMs steer patients to pharmacies that they own, further muddying the waters.

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How to Create a Pay Stub for Employees?

HR Lineup

Earnings: Gross wages Overtime pay Bonuses or commissions Reimbursements 3. Deductions: Federal and state taxes Social Security and Medicare contributions Health insurance premiums Retirement contributions 4. Additional Earnings: Include any bonuses, commissions, or other extra earnings. Deductions and Taxes 1.

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21 Financial Events and Trends During 2021

Money Talk

Insurance- COBRA premium assistance for health insurance was provided under the American Rescue Plan Act and Medicaid enrollment surpassed 80 million. There were also large premium increases nationwide for homeowners and flood insurance. The final moratorium ended on 8/26/21 with a Supreme Court ruling.

Finance 362
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Safeguarding Your Business MVPs: The Power of Key Person and Disability Insurance

CorpStrat

This is where the importance of employee benefits, key person insurance, and disability insurance comes into play. Protecting Your Business MVPs Most companies have health insurance to cover medical expenses and illnesses. We’re talking about things like illness, disability, or the loss of a key team member.