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Mental health insurance coverage is a must for modern employers

Business Management Daily

The 2008 Mental Health Parity and Addiction Equity Act was passed in order to push insurers to treat mental health treatment the same as treatment for physical health problems. High deductibles making hospitalization or inpatient care inaccessible. Are mental health services covered by health insurance? High copayments on appointments.

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The impact of Dobbs on employer provided healthcare

Business Management Daily

There are two plan design issues: You may run afoul of the Mental Health Parity and Addiction Equity Act of 2008 if you reimburse for medically necessary travel but not for travel related to employees’ mental health. However, HSAs must be paired with high-deductible health plans. The high deductibles continue to apply.

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Trend Watch: Employee Health Benefit Enrollment Continues To Drop

Insperity

While that percentage has been steadily dropping since the poll began in 2008, the newest finding is the lowest yet. Gallup suggests that because unemployment and underemployment have increased since 2008, fewer employees have had access to an employer-sponsored plan. A poll conducted by Gallup and Healthways found that in 2011, 44.6

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5 Signs Your Company Is Paying Too Much for Health Care

Insperity

The report also shows that premiums have increased 5 percent from 2008. Extremely low deductibles and copays. As a general rule, plans that have low deductibles have higher premiums. Even though only 16 percent of HMOs require a deductible, most HMOs have other forms of cost sharing, such as copays for office visits.

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Pandemic to trigger health benefit cost hike next year

Business Management Daily

Even amid economic uncertainty caused by the pandemic, only 18% of employers say they will shift more healthcare expenses to employees, such as raising deductibles or co-pays. In 2008, many employers trimmed health benefits to save money. That compares to 47% making no changes last year, and just 44% in 2018.

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Should substance abuse insurance be part of your employee benefits?

Higginbotham

Additionally, CMS says the Mental Health Parity and Addiction Equity Act of 2008 prohibits group health plans and health insurance providers from imposing limitations on mental health or substance use disorder benefits that are less favorable than the limits on medical or surgical benefits.

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Employers: Help Your Employees Avoid HSA Challenges

Corporate Synergies

From 2008 to 2018, the total amount deposited in HSAs rose from $5.3 1 That number is projected to keep growing as more employers offer high-deductible health plans (HDHPs) with HSAs. The minimum insurance deductible for an HDHP with HSA in 2004 was $1,000 for an individual and $2,000 for a family. billion to $43.5 Background.