Griffin Benefits

OCTOBER 13, 2022

Earlier this year the IRS announced proposed regulations extending ACA affordability to other tiers of employer-sponsored group medical coverage (employee + child/spouse, family, etc.). Previously, ACA affordability was based solely on the employee-only tier of coverage. Today the IRS released final regulations.

Taxes 90

Taxes Employee Enrollments Consulting Medical 90

Higginbotham

JULY 12, 2022

In the simplest terms, a medical expense reimbursement plan refunds employees for covered medical costs. For example: In an individual coverage health reimbursement arrangement, the health reimbursement arrangement is offered in place of a group health plan, allowing employees to purchase a health plan on their own.

Out of Pocket Cost 52

Out of Pocket Cost Flexible Spending Account Medical Deductions 52

Business Management Daily

NOVEMBER 30, 2021

This means that employees do not have to wait to use their health FSA funds. They may have a larger medical procedure or expense at the beginning of the coverage period and submit for reimbursement. The patient does not have to be the employee. The name of the provider that delivered the medical service. Date of service.

Retail 52

Retail Healthcare Medical Flexible Spending Account 52

Best Money Moves

SEPTEMBER 9, 2020

A survey by MetLife found that employees dread open enrollment almost as much as going to the DMV to renew their driver’s license and 20 percent of them spend only a few minutes reviewing benefits plans before making a selection. Preparing for Virtual Open Enrollment in 2020.

Utilities 65

Utilities Benefits Package Employee Enrollments Healthcare 65

Abel HR

JANUARY 21, 2021

Under the first rule, the ADA states that “allowing too high of an incentive would make employees feel coerced to disclose protected medical information to receive a reward or avoid a penalty.” ” The EEOC opened up the proposed rulings for public comment for 60 days.

Employee Wellness 52

Employee Wellness Health Insurance Medical Commissions 52

Fringe Benefit Analysts

AUGUST 15, 2022

Without insurance coverage, it can be difficult to pay for medical expenses, whether or not they are expected. Employers who do not offer coverage can have a more difficult time attracting recruits and retaining employees. Group health insurance may cover a range of health care needs, including medical, vision or dental.

Insurance 52

Insurance Health Insurance IT Deductions 52

Benefit Resource Inc.

APRIL 18, 2019

This person will be referred to as “the covered employee” through the blog. Again, the second person is the covered employee’s spouse (who is a dependent). Typically, when a covered employee enrolls in COBRA, they and their dependent receive 18 months of benefits through COBRA.

Health 82

Health Medical Employee Enrollments Employment 82

Benefit Resource Inc.

APRIL 1, 2020

For employees with an HSA, Dependent Care FSA, and/or commuter plan, there may be the opportunity to make changes to their accounts. Changes to Medical FSAs are currently not permitted). Here are the main updates employees should know about. Even apart from COVID-19, HSAs are fairly flexible when it comes to making changes.

Taxes 75

Taxes Employee Enrollments Medical Employment 75

HR Professionals Magazine

MAY 4, 2023

A 2022 Harris poll found that 72% of employees said “they wish someone would tell them what the best health insurance for their unique situation is.” However, the way in which employees comprehend benefit information varies greatly based on their current stage in life. Be mindful that not all decision support tools are created equal.

Technology 52

Technology Utilities Payroll Deductions 52

Business Management Daily

SEPTEMBER 27, 2019

IRS: Due to cost barriers, employees who’ve been diagnosed with certain chronic conditions forgo care, which, in turn, only exacerbates their medical conditions. Employees with HDHPs more engaged in their care. Ask questions about coverage for specific medications. The maximum amount of out-of-pocket expenses (i.e.,

Health Savings Account 40

Health Savings Account Deductions Deductible Flexible Spending Account 40

Corporate Synergies

AUGUST 6, 2018

High deductible health plans (HDHPs) are on the rise as a growing number of employers turn to consumer-directed health plans to try to curb costs—the portion of employees enrolled in HDHPs rose from 26.3% Encourage employees to contribute the maximum to their HSA: $3,450 for individuals; $6,900 for families. in 2011 to 39.3%

401(k) 40

401(k) Health Savings Account Retirement Plan Deductions 40

Winston Benefits

FEBRUARY 21, 2018

Your employees make a lot of decisions during their work day, but one of the most important decisions they’ll make comes once a year: what to do about their employee benefits. These make it easy to compare different aspects of different medical plans. Some of the options include: Benefit-needs calculators. Plan-comparison tools.

Life Insurance 45

Life Insurance Employee Enrollments Deductions Deductible 45

InterWest Insurance Services

MARCH 7, 2024

HSAs allow your employees to put away funds to pay for future medical expenses. Usually, these accounts are funded with pre-tax deductions from your employees’ paychecks, but if they didn’t max out their contributions last year, they still can do so up until the tax-filing deadline.

401(k) 98

401(k) Health Savings Account Pharmaceutical Deductions 98

HR Digest

APRIL 2, 2024

These accounts help cover a variety of medical costs, copayments, medications, and other medical expenses that occur in an employee’s life. Only employees enrolled in the HDHP can benefit from the HSA, making it a more complicated program to follow. HSAs can be funded by both employer and employee.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Medical Flexible Spending 52

AssuredPartners

JUNE 5, 2018

While many employers now offer consumer-driven plans, uptake by employees isn’t phenomenal with only around a third of eligible employees enrolled in a CDHP.nSo what’s going wrong?nn"},{"attributes":{"bold":true},"insert":"Barriers Preventable, expensive visits to the emergency room, which are bad for everybody.

Healthcare 40

Healthcare Deductions Deductible Insurance 40

Insperity

APRIL 29, 2021

Wondering how to contain the cost of employee benefits? Unfortunately, increases in health-insurance costs are driven in part by factors outside a company’s control, such as: The rising cost of care (known as medical inflation) Expanding regulatory and reporting requirements.

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Employee Benefits Health Insurance Benefits Package Insurance 126

HR Lineup

FEBRUARY 9, 2023

With GoCo, employees have access to a comprehensive benefits marketplace where they can compare plans and select the best options for their individual needs. The platform also offers a flexible spending account (FSA) option, allowing employees to set aside pre-tax dollars for eligible medical and dependent care expenses.

Flexible Spending Account 52

Flexible Spending Account Comprehensive Benefits Retirement Plan Flexible Spending 52

Business Management Daily

SEPTEMBER 9, 2021

Qualifying insurance: FSAs are generally offered alongside group health plans, but employees typically aren’t required to enroll in a group plan in order to enroll in the FSA. Employers may choose to limit FSA eligibility to only those employees enrolled in the group plan.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Employment Flexible Spending 52

Benefit Resource Inc.

AUGUST 13, 2019

According to a recent article from SHRM covering research from the Employees Benefit Research Institute (EBRI), enrollment in an HDHP promotes more conscious health care purchase decisions. For example, 55% of employees enrolled in an HDHP checked whether their health plan would cover their care or medication.

Deductions 45

Deductions Deductible Health Savings Account Employee Enrollments 45