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Which voluntarybenefit options are right for your employees? This 4-step voluntarybenefits checkup will help you decide. As the cost of medical plans rises, employers are offering high-deductible health plans (HDHPs) and healthsavingsaccounts (HSAs) as part of their employee benefit plans.
Meanwhile, employees’ share of premiums increased at a slower rate overall of 4.15% between 2021 and 2022, meaning that employers were not passing on the full increases in group health plan premiums to their staff. Since 2018, individual premiums have increased by 21% while family premiums have increased by 18%.
Keep New Benefit Options Simple. After reviewing benefits and trends, you may find that adding a pre-tax benefit, such as a healthsavingsaccount (HSA), flexible spending account (FSA) or a health reimbursement account (HRA), can help the organization save money while giving employees a way to better plan their healthcare and finances.
1095 C forms must be delivered to employees by January 31, 2018 and filed on paper with the IRS by February 28, 2018. Applicable Large Employers with 250 or more returns must file electronically by March 31, 2018. The phase-in era of reporting requirements is over and now is the time to start assembling your data.
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