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Smallest Firms See Largest Health Insurance Hikes

InterWest Insurance Services

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. The cost for individual group health plans increased 6.7% for the smallest SMBs, compared to just 4.3%

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Why your integrated HRA shouldn't be tied to one carrier

PeopleKeep

For many employers offering a group health insurance plan, adding a supplemental benefit in addition to the group plan can help offset your employees’ out-of-pocket costs. One way to supplement your group health insurance plan is through an integrated HRA, also known as a group coverage HRA (GCHRA).

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Examples of fringe benefits by category

Business Management Daily

Different benefits appeal to different teams, but what matters most is providing more than just the bare minimum—health insurance, workers’ compensation, and a competitive salary. HMO plans often have lower premiums and out-of-pocket costs compared to other plans.

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Easing the Benefits Enrollment Process with Decision Support and More

Flimp Communications

That observation is backed up by a 2015 study from the Life Insurance Marketing and Research Association. The study revealed a sizable disconnect about what’s wanted and what’s offered during health insurance enrollment. About 35% of the workforce doesn’t understand or has a limited grasp of their company health benefits.