Best Money Moves

AUGUST 18, 2021

The 3 best benefits for a multigenerational workforce. In a multi-generational workforce, it can be difficult to find employee benefits that address the needs of every employee. This article highlights the top 3 benefits that work well for multi-generational teams.

Health Insurance 111

Health Insurance Health Savings Account Insurance Benefits Package 111

Proskauer's Employee Benefits & Executive Compensa

MARCH 22, 2022

Effective April 1, 2022, high-deductible health plans can once again offer first-dollar coverage for telehealth and other remote services without making participants ineligible for health savings account (“HSA”) contributions.

Deductions 97

Deductions Deductible Health Savings Account Taxes 97

InterWest Insurance Services

JUNE 2, 2023

Employers offer flexible savings accounts and health savings accounts to their employees so they can build up funds with pre-tax dollars to pay for health care and related expenses. However, employees often are unaware of the myriad of goods and services they can spend their funds on.

Out of Pocket Cost 98

Out of Pocket Cost Health Savings Account Medical Health Insurance 98

InterWest Insurance Services

JULY 6, 2023

The study’s authors noted that there are other benefits besides just cost savings. Additionally, Congress in March 2020 enacted legislation that expanded telehealth access for Medicare beneficiaries, leading to a rapid uptake of virtual care. Last year, the wavier was extended by legislation through Dec. 31, 2024.

Insurance 95

Insurance Out of Pocket Cost Hospitality Health Savings Account 95

Best Money Moves

AUGUST 18, 2021

The 3 best benefits for a multigenerational workforce. In a multi-generational workforce, it can be difficult to find employee benefits that address the needs of every employee. This article highlights the top 3 benefits that work well for multi-generational teams.

Health Insurance 83

Health Insurance Health Savings Account Insurance Benefits Package 83

WEX Inc.

JULY 20, 2023

Smaller employers may face challenges in providing these options, although participants have said they are interested in these health plan choices. Increased wellness benefits options Employee wellness has been top of mind for employers , especially since the COVID-19 pandemic began in early 2020.

Deductions 75

Deductions Deductible Flexible Spending Account Health Savings Account 75

Flimp Communications

JUNE 24, 2020

Cancer screenings, blood-pressure assessments and other basics are often part of community health fairs. But even if you don’t, health savings accounts (HSAs) allow you to save money, tax free, to be spent on healthcare. Make sure you understand balance billing and how to read your explanation of benefits.

Healthcare 98

Healthcare Deductions Deductible Insurance 98

Snell & Wilmer Benefits

JANUARY 24, 2023

There have been various laws and guidance impacting HDHPs and telehealth since 2020 and most recently, new legislation extended relief for 2023 and 2024 plan years.

Deductions 52

Deductions Deductible Family and Medical Leave Act Health and Welfare 52

Griffin Benefits

NOVEMBER 11, 2021

The IRS has finally announced adjustments to 2022 contribution limits on various tax-advantaged health and dependent care spending accounts, retirement plans, and other employee benefits such as adoption assistance and transportation benefits. HSA & HDHP Limits Increase for 2022.

401(k) 56

401(k) Retirement Plan Health Savings Account Deductions 56

Business Management Daily

OCTOBER 15, 2020

Employers can expect health benefit costs to rise 4.4% on average in 2021, compared to 2020, according to early results from the Mercer consulting firm’s National Survey of Employer-Sponsored Health Plans 2020. More interest in life insurance benefits led the way, cited by 27% of those surveyed.

Health Savings Account 52

Health Savings Account Healthcare Life Insurance Insurance 52

Business Management Daily

SEPTEMBER 27, 2019

To temper an HDHP’s bite, they can be paired with health savings accounts. Advantage: Employees can contribute more on a pretax basis than they can put into flexible spending accounts. 2020 adjustments for group health plans set. The minimum annual deductible for an HDHP is $1,400 ($1,350 for 2019).

Health Savings Account 40

Health Savings Account Deductions Deductible Flexible Spending Account 40

Proskauer's Employee Benefits & Executive Compensa

JUNE 27, 2023

In essence, this guidance puts a deadline on IRS Notice 2020-15 , which provided that an HDHP could cover medical items and services relating to COVID-19 testing and treatment without impacting participant eligibility to make HSA contributions.

Deductions 52

Deductions Deductible Health Savings Account Medical 52

Benefit Resource Inc.

OCTOBER 1, 2020

ROCHESTER , NY, October 1 , 2020 – B enefit Resource , LLC (BRI) today announced the acquisition o f 121 Benefit s , a Minneapolis-based administrator of pre-tax benefits and benefit continuation services. About 121 Benefit s : .

Flexible Spending Account 45

Flexible Spending Account Health Savings Account Flexible Spending Transportation 45

Benefit Resource Inc.

JANUARY 2, 2020

Across 2018 and 2019, the announcement of pre-tax limits held employees’ attention. Stay on the ball and check view 2020 pre-tax limits here and here. What 2018 IRS Publication 15-B says about Commuter Benefits. This post incorporated statistics from Benefit Resource’s inaugural Employee Benefits Fluency Survey.

Flexible Spending Account 40

Flexible Spending Account Flexible Spending Health Savings Account Taxes 40

Snell & Wilmer Benefits

JANUARY 24, 2023

There have been various laws and guidance impacting HDHPs and telehealth since 2020 and most recently, new legislation extended relief for 2023 and 2024 plan years.

Deductions 40

Deductions Deductible Family and Medical Leave Act Health and Welfare 40

Higginbotham

JULY 12, 2022

If an employee or a member of the employee’s family experiences a medical emergency, the costs can add up quickly. A health reimbursement plan gives employers a way to cover these costs. HRAs may sound like Health Savings Accounts (HSAs) or Flexible Spending Accounts (FSAs), but there are key differences.

Out of Pocket Cost 52

Out of Pocket Cost Flexible Spending Account Medical Deductions 52

Empuls

SEPTEMBER 25, 2023

For example, in 2020, Google faced criticism for its lack of diversity , particularly in leadership roles. Data privacy and employee surveillance laws Technological advances have led to increased capabilities for employee surveillance, but laws are also evolving to protect employee privacy.

Family and Medical Leave Act 40

Family and Medical Leave Act Overtime 401(k) Benefits Package 40

Higginbotham

MARCH 17, 2022

29, 2020, the Departments of Labor (DOL), Health and Human Services (HHS) and the Treasury (Departments) issued a final rule regarding transparency in coverage. Some State Insurance Mandates May Affect Health Savings Account Eligibility. Links and Resources . Transparency in coverage FAQs were released on Aug.

Health Insurance 52

Health Insurance Out of Pocket Cost Insurance Health Savings Account 52

Proskauer's Employee Benefits & Executive Compensa

MARCH 31, 2023

For the duration of the PHE, most group health plans were required to cover, regardless of whether provided in-network or out-of-network: (1) COVID-19 testing and administration (including over-the-counter COVID-19 tests), and (2) COVID-19 vaccines and administration—without participant cost-sharing, medical management, or prior authorization.

Deductions 52

Deductions Deductible Health Savings Account Medical 52

WEX Inc.

FEBRUARY 2, 2023

From an employee benefits and COBRA perspective, this would mean that temporary extensions introduced during the COVID-19 pandemic will also expire. FSAs and HRAs EBSA Disaster Relief Notice 2020-01 also granted a temporary extension to run-out periods for flexible spending accounts (FSAs) and health reimbursement arrangements (HRAs).

Flexible Spending Account 52

Flexible Spending Account Flexible Spending Health Savings Account Taxes 52

PeopleStrategy

FEBRUARY 21, 2024

PeopleStrategy offers benefits administration, and we can share more information with you. Generally, telehealth programs that provide free or reduced-cost medical benefits before the HDHP deductible is satisfied are disqualifying coverage for purposes of HSA eligibility.

Deductions 52

Deductions Deductible Health Savings Account Electronics 52

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. Employers are forcing employees to pay more for health insurance leaving less money to pay for actual health care.

Health Insurance 130

Health Insurance Insurance Health Savings Account Employment 130