Money Talk

MARCH 31, 2022

Last fall, I participated in a group discussion among personal finance content creators (e.g., Below is a description of eight key topics that were discussed: Adequate Health Insurance - Health issues are a big drain on even the best laid financial plans because “the greatest wealth is health.”

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InterWest Insurance Services

MARCH 4, 2022

But while these arrangements can be a boon for workers, they can make it difficult when it comes to your workers’ group health insurance. One of the main stumbling blocks is that most group plans are local or regional at best, as they contract with providers and hospitals in the area where an employer is located.

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PeopleKeep

JANUARY 18, 2022

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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Higginbotham

JANUARY 12, 2024

Out-of-pocket health care costs can become a burden for employees. Special accounts designed to cover health care costs can help both workers and employers manage their expenses. What are health accounts? Note that rules vary by account type, so check with the IRS for details on your organization’s specific health account.

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Joe Markland

OCTOBER 11, 2020

Over the past 6 years I have published several articles on the need to personalize health insurance (and get the employer out of the way) by making an individual insurance policy tax deductible. will reap benefits through lower costs, more options, and ultimately better health care. Employees throughout the U.S.

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PeopleKeep

MARCH 7, 2022

A traditional group health plan can be difficult to manage with rising healthcare costs. If you’re offering a group health plan with a high deductible to save money, a special type of health reimbursement arrangement (HRA) has been specifically designed for employers like you: the integrated HRA.

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CorpStrat

DECEMBER 29, 2023

In today’s ever-evolving job market, employers are beginning to recognize the value of offering long-term care insurance benefits to their employees. It’s not just about enticing and retaining top talent; it’s also about helping employees plan for their financial future with confidence.

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WEX Inc.

JUNE 5, 2023

If you’re a small business owner, the qualified small employer health reimbursement arrangement (QSEHRA) might be the benefits plan you’re looking for. A QSEHRA is a tax-advantaged benefits plan funded by the employer that employees can tap into to pay for eligible expenses. There are 4 common types of HRA’s.

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InterWest Insurance Services

APRIL 6, 2023

A recent decision by a federal judge in Texas to issue an injunction on a pivotal part of the Affordable Care Act requiring insurers to offer certain types of free preventative care, has raised concerns that some health plans will stop paying for these services.

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Employee Benefits

DECEMBER 22, 2023

2% higher and as a group overpaid by an estimated $86 million each year for home mortgages. 2% higher and as a group overpaid by an estimated $86 million each year for home mortgages. These individuals are 5% less likely to have a 401(k) or retirement plan and 12% less likely to have an IRA.

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InterWest Insurance Services

APRIL 22, 2022

House of Representatives has passed legislation that would cap the out-of-pocket cost of insulin at $35 a month for people with group or private health insurance. People who used to pay less than $100 a month for the vital medication are sometimes paying more than $1,000, depending on their health insurance coverage.

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PeopleKeep

OCTOBER 8, 2021

As a small business owner, deciding what health insurance plan is the best for your business is key to recruiting and retaining employees. But what does that really mean for small employers? But what does that really mean for small employers?

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WEX Inc.

AUGUST 23, 2023

Examples of voluntary benefits are: Supplemental life insurance Critical illness Pet insurance Voluntary benefits are additional perks that an employer can offer at a discounted group rate, with the employee either fully or partially paying for the benefits through a payroll deduction.

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Higginbotham

DECEMBER 15, 2023

Reminder – Plans Must Submit Gag Clause Attestations by Dec. 23, 2023, the Departments of Labor, Health and Human Services and the Treasury (Departments) issued FAQs on the prohibition of gag clauses under the transparency provisions of the Consolidated Appropriations Act, 2021 (CAA). Effective Dec. Effective Dec. Effective Dec.

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InterWest Insurance Services

MARCH 4, 2022

As rising health insurance premiums and out-of-pocket costs for health care are burdening workers, more employers are looking for ways to help their staff put aside money for those expenses. Fortunately, there is another option: a health reimbursement arrangement (HRA). Qualified medical expenses. per month).

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InterWest Insurance Services

MAY 9, 2022

But for employees in your group health plan, they have many options for obtaining a test with no out-of-pocket costs. Under an executive order issued by President Biden, employees in a group health plan are eligible to receive COVID-19 at-home test kits with no cost-sharing, copay, coinsurance or deductible.

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InterWest Insurance Services

SEPTEMBER 23, 2022

As the labor market remains tight and businesses struggle to find staff, more small firms are starting to offer employee benefits, particularly health coverage. Typically, the most expensive and most important benefit is health insurance. For most people, purchasing health coverage on their own is prohibitively expensive.

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Griffin Benefits

MARCH 1, 2023

A growing number of employers are currently experiencing a rise in catastrophic health claims, largely due to medical and pharmaceutical advances (e.g., As a result, many employers with self-funded health plans are actively looking for impactful mitigation strategies. WHAT IS AGGREGATE STOP-LOSS INSURANCE?

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PeopleKeep

FEBRUARY 9, 2023

Whether you're looking at individual health insurance for yourself or group health insurance for your employees, a broad range of plan options are available. Knowing the various health insurance policy types will prepare you to evaluate your options when open enrollment period rolls around.

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Fringe Benefit Analysts

AUGUST 15, 2022

A good portion of Americans have health care coverage through a group insurance policy. However, most people are fairly unsure of what group insurance coverage actually is and how it works. Without insurance coverage, it can be difficult to pay for medical expenses, whether or not they are expected.

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PeopleKeep

DECEMBER 10, 2021

For most people, open enrollment is that time of year when choosing health insurance is crucial. In this article, we’ll walk you through the differences between an HDHP and an LDHP and how to evaluate which type of plan will work best for you based on your specific situation.

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PeopleKeep

JULY 7, 2021

As healthcare costs rise every year, small employers often struggle to deliver quality health benefits to employees. In fact, in a PeopleKeep survey of nonprofit organization owners, 81% said that cost was one of the most pressing challenges in finding a health benefit that fits their needs.

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Employee Benefits

JANUARY 10, 2024

Through membership, staff can access a gym, health club, leisure or sports centre, or exercise classes as part of a voluntary or flexible benefits package. What types of schemes are available? For example, Nestle has its own onsite health and fitness facilities and Google has its own rooftop running track at its London headquarters.

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Higginbotham

JANUARY 27, 2023

Although some small business owners may feel overwhelmed by the prospect of offering health insurance and other benefits, the many advantages can make the effort worthwhile. ALEs are subject to certain health care reporting requirements. However, many small employers decide to offer health insurance anyway.

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Employee Benefits

APRIL 15, 2024

However, what constitutes a reasonable adjustment will differ depending on the employer, employee and the type of work and industry. Debra Clark, head of wellbeing at Towergate Health and Protection, says: “Symptoms can be eased with massages, acupuncture or physiotherapy accessed through a health cash plan.

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PeopleKeep

MARCH 22, 2021

Whether you’re looking at individual health insurance for yourself or group health insurance for your employees, there are several different types of health plans available.

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Proskauer's Employee Benefits & Executive Compensa

MARCH 8, 2023

On February 23, 2023, the Departments of Labor, Treasury, and Health and Human Services (the “Departments”) issued new guidance (in the form of FAQs) implementing the No Surprises Act’s prohibition on “gag clauses” in agreements between health plans and service providers.

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Griffin Benefits

APRIL 18, 2022

Individual Coverage Health Reimbursement Arrangements (ICHRAs) are a new type of health reimbursement arrangement in which employers of any size can reimburse employees for some or all of the premiums that the employees pay for health insurance. Employees select the carrier and plan that best meets their needs.

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Benefits Notes

MAY 9, 2023

As explained in part I of our Preparing for the End of the COVID-19 Emergency Declaration series, the Public Health Emergency (“PHE”) and National Emergency (“NE”) are coming to a close. The end of the NE and PHE will have significant impacts on group health plans. The PHE, however, is still set to expire on May 11, 2023.

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Fringe Benefit Analysts

DECEMBER 12, 2022

What is group vs. individual health insurance? This question is one of the most commonly asked by individuals and employers researching their health insurance options. Group and Individual Health Insurance Basics All health insurance plans offer individuals and families coverage for medical care.

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Fringe Benefit Analysts

DECEMBER 12, 2022

What is group vs. individual health insurance? This question is one of the most commonly asked by individuals and employers researching their health insurance options. Group and Individual Health Insurance Basics All health insurance plans offer individuals and families coverage for medical care.

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InterWest Insurance Services

DECEMBER 27, 2022

As more health services are being rendered through providers’ patient portals and telemedicine, some providers are starting to bill for some of those interactions. Those costs will be passed on to health plan enrollees — likely in the form of copays or coinsurance — and insurers. What will it cost?

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Genesis HR Solutions

SEPTEMBER 22, 2020

This list of benefits (and their definitions) can help; compare the 16 types we’ve listed here to what you currently have available, and see if you’re offering things prospective employees are really looking for. 16+ types of employee benefits you should consider. 16+ types of employee benefits you should consider.

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Employee Benefits

APRIL 10, 2024

Benefits should be tailored to the sector and the type of seasonal worker the organisation wants to attract. Laws of attraction Understanding the type of person required is key to seasonal recruitment success. Sometimes there are groups that can be targeted. Failing to attract temporary staff can have devastating consequences.

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Higginbotham

MAY 11, 2023

If you own or manage a business, your investment in employee group insurance can help you retain top performers and attract new talent. In this article, we’ll take a closer look at the steps any business can follow to get the most value from a group insurance plan. What types of coverage are offered?

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PeopleKeep

SEPTEMBER 8, 2022

Several new health benefits plans have become available to employers in recent years that allow organizations to offer healthcare to their employees without purchasing group health insurance. Learn more about health reimbursement arrangements (HRAs) in our free guide. Want to offer a MERP to your employees?

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PeopleKeep

JANUARY 2, 2020

Having the right health insurance benefit for your small business is extremely important. In order to help you find the benefit that fits your needs, we'll go over seven types of health insurance plans.

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