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2022 Personal Finance Year in Review

Money Talk

in April 2020, started the year at 4.7% Insurance- Auto insurance premiums increased due to increased cost of repairs (labor), replacement parts, and car rentals and life insurance sales increased amid COVID fears. Homeowners insurance premiums increased by 12.1% Savings Rates - The U.S. in November 2022.

Finance 244
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The Financial Costs of Being Unvaccinated

Money Talk

households in 2020 would have difficulty paying a $400 emergency expense. Crushing Medical and Other Debt - Fair Health reported that 15% to 20% of people who get COVID-19 and seek treatment may need a hospital stay and the average hospital stay cost is $73,300 for a patient without health insurance and $38,221 for an insured patient.

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Leap year! How to handle 27 biweekly payrolls in 2020

Business Management Daily

1 payday back into 2020, you’d still have 27 biweekly pay periods, this time in 2021. Best practice: List all benefits and deductions to determine whether they’re impacted: Medical, dental, life, vision, group-term life insurance, long-term disability, dependent care, flexible spending accounts and health savings accounts.

Payroll 83
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When are 1099s due for 2020?

Business Management Daily

The new Form 1099-NEC is the only major change you’ll see in 2020. Reportable Life Insurance Sale. Seller’s Investment in Life Insurance Contract. The post When are 1099s due for 2020? Most 1099s are due at the same time they were in previous years. Copy Bs are due to recipients by January 31st.

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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. . Group-term life insurance . A provision of The Taxpayer Certainty and Disaster Tax Relief Act of 2020 extended use and rollover options to 2022. . Adoption Benefits.

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The MHPAEA Proposed Rule: Scalability and the Plight of the Small(er) Self-Funded Plan

McDermott Will & Emery Employee Benefits

Health Net Life Insurance Company, we return to our examination of the comments submitted in response to the proposed regulations under the Mental Health Parity and Addiction Equity Act (MHPAEA). After a brief hiatus to discuss the pleading standards adopted by the US Court of Appeals for the Tenth Circuit in E.W.

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7 Noteworthy Fringe Benefits for your Workforce in 2020

Vantage Circle

Sponsored Life Insurance Coverage. Sponsored life insurance coverage is one of the most common fringe benefits that most employers provide their employees. Life insurance cover gives an employee a sense of relief when he/she is on-duty.