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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. Since 2018, individual premiums have increased by 21% while family premiums have increased by 18%.

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Worker Enrollment in HDHPs falls

InterWest Insurance Services

In 2022, 9% of employers with 20,000 or more workers offered HDHPs exclusively, a drop from 22% in 2018, according to Mercer’s “National Survey of Employer-Sponsored Health Plans.” ” And 10% of employers with 500 or more workers offered only these plans, compared to 13% in 2018.

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Worker Enrollment in HDHPs Falls

InterWest Insurance Services

In 2022, 9% of employers with 20,000 or more workers offered HDHPs exclusively, a drop from 22% in 2018, according to Mercer’s “National Survey of Employer-Sponsored Health Plans.” ” And 10% of employers with 500 or more workers offered only these plans, compared to 13% in 2018.

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How will you cover health care expenses in retirement?

Benefit Resource Inc.

. “[Under] 40 percent of nonretired adults think they are on track in saving for their golden years and 25 percent have no retirement savings or pension at all.” Households released in May 2018. Only you know if your savings match one of those statistics. The tax savings. An HSA is a tax-free benefit.

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ACA Update: What You Need to Know This Fall

Winston Benefits

It’s been a wild year for health insurance reform. While the Affordable Care Act has a small direct effect on employer-sponsored health insurance, chances are your employees are feeling uncertain about their coverage, and they’ll be coming to you for answers. Health Insurance Is King.

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HRA or HSA? Which account is it? 

Benefit Resource Inc.

But, Health Reimbursement Accounts (HRAs) and Health Savings Accounts (HSAs) prove to be a little mind boggling for people. ROUND ONE: Which account(s) is funded by the employer? According to the 2018 Bright Ideas quiz just one in two respondents understand that an HRA is solely funded by the employer.

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Help Employees Understand the HSA Value Proposition

Corporate Synergies

Health savings accounts can be a good deal for employees. High deductible health plans (HDHPs) are on the rise as a growing number of employers turn to consumer-directed health plans to try to curb costs—the portion of employees enrolled in HDHPs rose from 26.3% © 2018 Corporate Synergies Group, LLC.

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