InterWest Insurance Services
DECEMBER 9, 2021
As we enter 2022, there are a number of changes on the horizon that plan sponsors need to be aware of as they will affect group health plans as well as employees enrolled in those plans. Here’s a list of what to expect in 2022. That comes to an end Dec. 31, 2021, and for plan years that start on or after Jan.
WEX Inc.
MAY 8, 2023
Typically, an employee enrolled in a PPO will have higher premiums and a lower deductible than an employee enrolled in an HDHP. For example, the 2022 PPO employee-only deductible averaged $1,322 and the 2022 HDHP annual deductible limit was $1,400 for an individual.
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Proskauer's Employee Benefits & Executive Compensa
JANUARY 4, 2023
On December 15, 2022, the Internal Revenue Service (“IRS”) published final regulations that make permanent certain relief and changes relating to the Affordable Care Act (“ACA”) reporting requirements. Thus, ALEs will still have to furnish the applicable forms to full-time employees in the traditional manner.
WEX Inc.
JULY 20, 2023
More dental and vision Among employers with benefits administration through WEX , 68% of eligible employees enrolled in vision and 77% of eligible employees enrolled in dental. However, not all employees are offered these benefits. Those who are offered them told us they don’t always cover enough of their costs.
Griffin Benefits
OCTOBER 13, 2022
Affordability for the family tier is based on whether the employee contribution exceeds the applicable percentage of household income (9.61% for 2022 and 9.12% for 2023) – since employers don’t know household income they won’t have any insight into whether family members are eligible for subsidies unless the employee contribution towards family meets (..)
Proskauer's Employee Benefits & Executive Compensa
JANUARY 6, 2022
While the proposed regulations technically would become effective for coverage in calendar years beginning January 1, 2022, the IRS has indicated that reporting entities may rely on them starting with the reports due for 2021 (provided to covered individuals and employees in 2022). January 31, 2022 . March 2, 2022.
Business Management Daily
SEPTEMBER 9, 2021
Qualifying insurance: FSAs are generally offered alongside group health plans, but employees typically aren’t required to enroll in a group plan in order to enroll in the FSA. Employers may choose to limit FSA eligibility to only those employees enrolled in the group plan.
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