Remove 2020 Remove Flexible Spending Remove Health Insurance
article thumbnail

2022 Health Insurance Outlook, Changes

InterWest Insurance Services

In addition, new rulemaking is likely to be introduced in 2022 that will affect health plans, including non-discrimination rules for wellness plans and new rules governing what must be included on insurance plan ID cards. The CAA created a number of new requirements that affect health insurance and coverage. 1, 2022.

article thumbnail

How HRAs Can Help Your Employees Pay for Medical Expenses

InterWest Insurance Services

As rising health insurance premiums and out-of-pocket costs for health care are burdening workers, more employers are looking for ways to help their staff put aside money for those expenses. Fortunately, there is another option: a health reimbursement arrangement (HRA). Qualified medical expenses. How HRAs work.

Medical 98
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Reconsidering your employee benefits priorities

Health Consultants Group

In 2020, they surveyed 2,504 active HR professionals. Their Employee Benefits in 2020: Executive Summary report discusses their primary findings. . Based on SHRM’s research, benefits that supported remote work, caregiving, and health became essential during the pandemic. Flexible work options. Health Savings Accounts.

article thumbnail

Employer Reporting on Prescription Drug Pricing Due By 12/27

Griffin Benefits

This reporting is due by December 27 of this year and must include information for the 2020 and 2021 calendar years, regardless of the plan or policy year. Additionally, account-based plans, like health reimbursement arrangements (HRAs) and health care flexible spending accounts (FSAs), are not required to report.

article thumbnail

March HR News Worth Review

Higginbotham

Employers can use the following two IRS webpages for more details: Employer Shared Responsibility Provisions Types of Employer Payments and How They Are Calculated Health Plans Must Submit Gag Clause Attestations by Dec. 27, 2020, through the date of attestation. 27, 2020, through the date of the attestation. 31, 2023 On Feb.

article thumbnail

Executive benefit reimbursement plans

Higginbotham

This may be a good option for employers that want to simplify their health plan administration while giving employees flexibility. Integrated health reimbursement arrangements are designed to work with the group health plan. A health reimbursement plan gives employers a way to cover these costs.

article thumbnail

Employee retention strategies to overcome the Great Resignation

Business Management Daily

Many who did get laid off in 2020 do not wish to return to their prior job roles or way of life. Providing additional health insurance plan options. Try to diversify your offerings with different plan options and make sure that there are options with reasonable copays and good mental health coverage.