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Can a business pay for employees' individual health insurance plans?

PeopleKeep

Instead of offering a costly group health plan, one tactic they may consider is offering to pay employees' individual health insurance costs. While it may seem like a generous and attractive perk for employees, employers need to consider several factors before deciding to pay for individual health insurance plans.

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4.4 million employees are covered by corporate health insurance

Employee Benefits

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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How to apply for individual health insurance

PeopleKeep

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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Why do employers offer health insurance?

PeopleKeep

Health insurance is one of the most sought-after benefits an organization can offer. But few know why employers started providing health insurance in the first place. Employer-sponsored health insurance became widely adopted during World War II.

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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. That’s a change from the prior threshold of 250. 1, 2022.

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Can health insurance costs be written off on your taxes?

PeopleKeep

With the new year comes yet another year of tax filing. That means researching updated tax rules, deadlines, and write-offs. When it comes to expenses eligible for tax write-offs, employers may wonder whether health insurance is included.

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Group Health Insurance Considerations For Staff Working Past Retirement Age

InterWest Insurance Services

Discontinuing group health coverage. It’s important they understand that they will be dropped from your group health plan and that they have a seven-month window to sign up for Medicare (during the three months prior to the month they turn 65, the month they turn 65, and the three months after turning 65).