PayrollOrg

JANUARY 8, 2024

Read PAYO’s article, “How Employers Help Connect Kids to Health Insurance” in the December edition of the Child Support Report, published by the federal Office of Child Support Services.

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PeopleKeep

NOVEMBER 1, 2023

Traditionally, group health insurance has been the go-to option for employers. However, the introduction of the individual coverage health reimbursement arrangement (ICHRA) in recent years has given organizations an alternative to consider.

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PeopleKeep

OCTOBER 18, 2023

However, one aspect of running a retail business that you shouldn't overlook is providing health insurance coverage to your employees. From managing inventory to providing exceptional customer service, countless tasks require your attention.

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Employee Benefits

NOVEMBER 2, 2023

More than four million people are now covered by health insurance through their employer, according to data from the Association of British Insurers (ABI). The number of employees benefitting from health insurance increased by 8% from four million in 2021 to 4.4 million in 2022. The post 4.4

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PeopleKeep

MARCH 27, 2024

One initial aspect of the ACA required all Americans to obtain health insurance that provided minimum essential coverage (MEC) through their employer or on an individual basis or pay a federal tax penalty. The federal government has since repealed the health coverage requirement and penalty known as the individual mandate.

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PeopleKeep

OCTOBER 17, 2021

If you’re offering health benefits for the first time, or are considering changing up your benefits strategy, it's common for employers to compare a traditional group health insurance plan with individual health insurance reimbursement options, like health reimbursement arrangements (HRAs).

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PeopleKeep

MARCH 6, 2024

If it’s your first time enrolling in a health insurance policy, you’re probably most eager to know how much your coverage will cost. While each type of insurance plan may vary in terms of copayments , coinsurance , and out-of-pocket expenses, no matter what plan type you choose, it will come with a premium to keep your policy active.

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InterWest Insurance Services

APRIL 27, 2023

A new report has found that small businesses that purchase their group health insurance online or through payroll vendors saw the largest premium hikes in 2022, significantly higher than those that went through brokers. Since 2018, individual premiums have increased by 21% while family premiums have increased by 18%.

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PeopleKeep

APRIL 6, 2022

Without insurance, Healthcare.gov estimates an accident leading to a broken leg can cost up to $7,500 to fix, and an average three-day hospital stay can reach up to $30,000. Census Bureau says roughly 91% of all Americans are now covered by some form of health insurance. Healthcare in the United States can be very expensive.

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Flimp Communications

AUGUST 29, 2023

The most powerful health insurance calculators (think of them as the enterprise-class) are decision-support tools, the best of which can help employees predict their needs and spending, compare plans, and make satisfying decisions in minutes. The post Should HR Teams Provide Health Insurance Calculators?

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Pacific Prime

MARCH 9, 2023

With so many flashy, new wellness benefits on the rise in the industry, it can be easy to forget about the more common perks like employee medical insurance. Employer-provided health coverage has become the standard foundation benefit for the platform of many companies.

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PeopleKeep

DECEMBER 29, 2021

Navigating the world of health insurance can be tricky, especially if you’ve found yourself with more than one health insurance plan to figure out. While most Americans only have one plan, known as “primary” insurance, some individuals will have another plan, known as “secondary” insurance.

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Employee Benefit News

OCTOBER 18, 2023

The average employer-sponsored health insurance premium for US families rose 7% to almost $24,000 this year.

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PeopleKeep

OCTOBER 25, 2021

Deciding whether to enroll in a group health insurance plan through your employer or to purchase your own individual health insurance plan can be a confusing decision to make. Many people assume that individual health insurance is more expensive than group health insurance, but is that really true?

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PeopleKeep

OCTOBER 7, 2021

Many people assume that individual health insurance is more expensive than group health insurance. Note: Individual health insurance is purchased by an individual for themselves or their family, and group health insurance is purchased by an employer for employees.

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PeopleKeep

MARCH 5, 2021

What if we told you that the creation of health insurance was actually an accident? Or that the way we think about health insurance is changing? Here, we’ll cover the history of health insurance in the U.S.,

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InterWest Insurance Services

DECEMBER 9, 2021

In addition, new rulemaking is likely to be introduced in 2022 that will affect health plans, including non-discrimination rules for wellness plans and new rules governing what must be included on insurance plan ID cards. The CAA created a number of new requirements that affect health insurance and coverage.

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InterWest Insurance Services

JANUARY 30, 2024

With health insurance rates steadily rising, employers are seeking alternative solutions to combat escalating premiums. As the standard market continue to deliver rate increases and the traditional self-funded approach gets more volatile, health insurance captive strategies are gaining traction across various sectors.

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CorpStrat

DECEMBER 15, 2021

Many people don’t even think about their health insurance plan until they get sick. We firmly believe that a good health insurance plan can do something powerful for everybody. Even if you’re not sick or injured, a good plan can put you on a path to optimal health with the right type of support along the way.

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InterWest Insurance Services

JULY 14, 2022

The health care sector is not immune to the effects of spiking inflation, and the increasing cost of care is likely to spill over into health insurance — but it’s uncertain by how much. When they negotiate network rates with insurers, providers take into account all of their own costs when tabulating their offers.

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PeopleKeep

SEPTEMBER 9, 2021

While group health insurance plans have traditionally been a popular choice for employer-sponsored health benefits, more and more employers are embracing reimbursement models, like health reimbursement arrangements (HRAs). New to signing up for individual health insurance?

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InterWest Insurance Services

APRIL 27, 2022

Surprise bills and billing errors are driving growing dissatisfaction among Millennials and Gen Zers with their health insurance, a new study has found. Already facing outsized medical cost hits, an increase in billing mistakes and surprise bills is contributing to a dim view of health insurance among Millennials and Gen Zers.

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PeopleKeep

JULY 21, 2023

Traditional group health insurance has been a top employee benefit for many decades. of Americans had employer-sponsored group health insurance in 2021. According to the U.S. Census 1 , 54.3%

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PeopleKeep

JULY 8, 2021

More and more employers today are adopting reimbursement models for their employees’ healthcare, empowering employees to choose their own individual health insurance plan and get reimbursed, tax-free, for their premium.

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PeopleKeep

AUGUST 18, 2021

As the world continues to feel the effects of the global pandemic, health insurance professionals are speculating whether changes in health insurance costs could be coming soon for unvaccinated Americans. With the large majority of COVID-19 deaths and hospitalizations in the U.S.

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InterWest Insurance Services

JANUARY 17, 2023

If you decide to keep them on the company’s plan, how you handle their insurance depends on your size: Fewer than 20 employees — Employees who work for these firms will need to enroll in Medicare when they turn 65. Medicare will be the primary payer of health insurance claims for these workers under the law.

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PeopleKeep

MAY 18, 2022

Having access to employee benefits like health insurance isn’t always guaranteed for part-time employees. According to the Bureau of Labor Statistics , only 23% of employees with part-time jobs were offered employer-sponsored health insurance. Most recruiting efforts focus on attracting and retaining full-time employees.

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BerniePortal

MARCH 9, 2022

In many organizations, employees see you as the insurance expert in the office even though your experience may only go so far as open enrollment or special enrollment periods. So, here's a primer on how health insurance works, including key terms. HR pros know better than anyone how confusing healthcare can be.

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PeopleKeep

DECEMBER 17, 2020

The Affordable Care Act was signed into law almost 11 years ago, but there’s still confusion about how health insurance premiums are calculated. Health insurance is famously difficult and confusing to shop for, and our support team is constantly getting questions about which plan someone should choose.

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PeopleKeep

MAY 13, 2022

Despite the enormous share of businesses they make up, SMBs have been a difficult market for insurance professionals to sell to, as many SMBs can’t afford traditional group health insurance.

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PeopleKeep

MARCH 26, 2021

The cost of health insurance premiums and the amount of health expenditures in the U.S. However, despite this trend, there are several, simple ways you can combat expensive medical costs and make your health insurance more affordable.

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Patriot Software

OCTOBER 14, 2022

Offering employer-sponsored health insurance keeps your employees healthy and happy. If you’ve decided to provide coverage, you might be wondering, “What percentage of health insurance do employers pay?” What percentage of health insurance do employers pay? The employer portion […] READ MORE.

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International Foundation of Employee Benefit Plans

JULY 5, 2023

The tennis-like game which was played by 3-4 million (mostly older) Americans in the late 2010s, has exploded in popularity to nearly 9 million US players […] The post Health Insurance Caught in a New Pickle appeared first on Word on Benefits.

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Joe Markland

OCTOBER 29, 2020

The Key to Cost Reduction for Years to Come November 5th From 12:00 – 12:00 EST Register Now What if the math you were using to advise your clients around health insurance was wrong? And this New Math can pave the way to lower insurance costs for years to come.

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PeopleKeep

JUNE 1, 2022

Whether you're enrolling in an individual health plan for the first time or looking to switch your current benefit, choosing an individual health insurance policy on your own can be difficult. Many individual health insurance plans are available on the market, but how do you know which one is right for you?

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PeopleKeep

JULY 23, 2021

Health insurance in America is constantly changing; where it’s being sold, how much it costs, who’s participating in it, and so much more. As health insurance professionals look to the future of the healthcare industry, staying ahead of the oncoming challenges and changes is what will keep you afloat.

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PeopleKeep

AUGUST 12, 2020

When evaluating a new or existing health insurance program, your organization's contribution strategy is an important consideration. In simple terms, how much will individual employees pitch in for coverage, and what percent of health insurance is paid by the employer?

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