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Transparency Rules Deadline Approaching for Employers to Conform by July 1

Griffin Benefits

This rule came into being through a series of overlapping transparency rules passed by congress in 2020 and 2021. Some were a part of a rulemaking from 2020 (the “Transparency in Coverage Rules” or “TiC Rules”), while others were enacted as part of the Consolidated Appropriations Act, 2021 (the year-end 2020 COVID relief bill or the “CAA”)).

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Time to Comply with Health Plan Transparency Rules

InterWest Insurance Services

While health plans will be required to post this information, employers who sponsor their group health insurance for their employees will need to take steps to ensure that their plans comply with the law, if they have not already done so.

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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. Here’s a list of what to expect in 2022. That comes to an end Dec.

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Most Employees Spend Little Time Choosing Their Health Plan

InterWest Insurance Services

Despite these numbers, the percentage of workers enrolled in HDHPs has ebbed since 2020, when 34% of U.S. Employee benefits online portal: 41% HDHP, 29% traditional plan Online research: 23% HDHP, 32% traditional plan. Another 39% reported being somewhat likely to select an HDHP if such care were covered pre-deductible. In 2022, 32% were.

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Narrow Networks, Tiered Plans May Reduce Costs

InterWest Insurance Services

Health spending dropped considerably in 2020 and 2021 as people stayed away from health care environments, but now people are back seeking care that was delayed. Insurance carriers have been trying out new approaches to controlling costs, while improving health outcomes for their plan enrollees. Other cost-saving measures.

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Your Staff Are Susceptible to Medical Identity Theft

InterWest Insurance Services

Medical-related identity theft accounted for 43% of all identity theft in the United States in 2020, according to the Identity Theft Resource Center. And the majority of documents criminals steal are the same ones your employees receive from their group health insurers.

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The PEO Industry in 2020 & Beyond: What The Next Decade Holds

Genesis HR Solutions

While we don’t have many hard numbers to look at from March 2020 forward, we can clearly see the toll a global pandemic has placed upon our economy, employers, and their employees. 4 PEO Trends To Watch In 2020 & Beyond. Managing insurance carrier relationships. The Current State of the PEO Industry.