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Offer HDHP and HSAs? Follow this 4-step Voluntary Benefits Checkup

Corporate Synergies

Which voluntary benefit options are right for your employees? This 4-step voluntary benefits checkup will help you decide. As the cost of medical plans rises, employers are offering high-deductible health plans (HDHPs) and health savings accounts (HSAs) as part of their employee benefit plans.

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Smallest Firms See Largest Health Insurance Hikes

InterWest Insurance Services

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%.

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The Open Enrollment 2019 Season is Coming (But Don’t be Afraid)

Corporate Synergies

Keep New Benefit Options Simple. After reviewing benefits and trends, you may find that adding a pre-tax benefit, such as a health savings account (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.

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ACA Update: What You Need to Know This Fall

Winston Benefits

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.