article thumbnail

The Dire Need for a Meaningful Fringe Increase

AssuredPartners

The fringe rate is based on the latest Bureau of Labor Statistics Employment Cost Index summary of Employer Cost of Employee Compensation (ECEC). For better or worse, the fringe rate dictates what employers are able to spend on health and welfare benefits. It is an undeniable truth that health costs have risen.

article thumbnail

CARES Act - Impact on HSAs, HCFSAs, and HRAs

AssuredPartners

It does not have an expiration date.n"},{"attributes":{"bold":true},"insert":"Implementation Tips:"},{"insert":"nNo changes are necessary to implement these changes to a Health Savings Account. Consumers may also receive reimbursement for OTC purchases through those accounts. All other plans (fully insured or self-funded) need to comply.

article thumbnail

How to Choose a Health Care Plan

Insperity

Choosing a health care plan is not an easy task. Some employers send out surveys to their employees to get more insight on what they want included in the company’s health care plan. Health Care Costs. Consider monthly premiums and out-of-pocket co-pays and deductibles. . Establish a budget.