Best Money Moves

JUNE 1, 2022

Here’s how employers can support their teams cope with inflation with the right benefits choices. . Luckily, there are methods employers can use to help employees weather this period. Here are 5 benefits employers can use to help employees cope with inflation. Improved Retirement Benefits. Health Care Assistance.

401(k) 115

401(k) Out of Pocket Cost Benefits Package Finance 115

InterWest Insurance Services

AUGUST 1, 2023

With recent new regulations, options have changed for employers and you need to stay focused on maximizing your outcomes within your budget. Going out of network is discouraged with high out-of-pocket costs. Preferred provider organizations – PPOs contract with hospital and provider networks to help control costs.

Family and Medical Leave Act 98

Family and Medical Leave Act Out of Pocket Cost Deductible Deductions 98

InterWest Insurance Services

AUGUST 22, 2023

With recent new regulations, options have changed for employers and you need to stay focused on maximizing your outcomes within your budget. Going out of network is discouraged with high out-of-pocket costs. Preferred provider organizations – PPOs contract with hospital and provider networks to help control costs.

Family and Medical Leave Act 98

Family and Medical Leave Act Out of Pocket Cost Deductible Deductions 98

InterWest Insurance Services

MAY 26, 2023

While drugmakers have been assailed for years for increasing their prices and driving the cost of medications higher and higher, there is another player in the health care space that is receiving increased scrutiny: pharmacy benefit managers. PBMs typically contract with both insurers (or self-insured employers) and pharmacies.

Out of Pocket Cost 98

Out of Pocket Cost Manufacturing Insurance Medical 98

InterWest Insurance Services

AUGUST 10, 2023

While drugmakers have been assailed for years for increasing their prices and driving the cost of medications higher and higher, there is another player in the health care space that is receiving increased scrutiny: pharmacy benefit managers. PBMs typically contract with both insurers (or self-insured employers) and pharmacies.

Out of Pocket Cost 98

Out of Pocket Cost Manufacturing Insurance Medical 98

HR Professionals Magazine

MARCH 2, 2022

If benefits compliance seems like a never-ending game of whack-a-mole, 2022 will not disappoint. While challenges related to the COVID-19 pandemic dominate headlines, a number of new 2022 benefits compliance obligations and updates may fly under the radar. Effective for plan years beginning on or after January 1, 2022.

Out of Pocket Cost 52

Out of Pocket Cost Flexible Spending Account Deductible Deductions 52

InterWest Insurance Services

OCTOBER 20, 2022

The Centers for Medicare and Medicaid Services’ transparency rules were implemented to shine the light on what hospitals charge for their various medical services, the negotiated rates insurers have with health plans and the out-of-pocket costs enrollees can expect to pay for these services.

Hospitality 98

Hospitality Out of Pocket Cost Insurance Medical 98

The Workcomp Writer

OCTOBER 20, 2022

In an unpublished opinion, the Court of Appeals of New Mexico affirmed a decision by a state workers’ compensation judge that denied an injured worker’s request for full reimbursement of out-of-pocket costs for medical cannabis used in connection with his injury [ Barrozo v. 11, 2022)]. Albertson’s, Inc. LEXIS 372 (Oct.

Out of Pocket Cost 72

Out of Pocket Cost Medical Workers’ Compensation Insurance 72

Higginbotham

MARCH 28, 2023

and employers bear much of the burden. In addition to meeting ACA requirements, offering attractive benefits enables employers to compete for top workers. A better option than reducing benefits is to learn how to manage employer health care costs. per hour in September 2022. Health insurance costs have been rising.

Health Insurance 52

Health Insurance Employment Management Out of Pocket Cost 52

Higginbotham

DECEMBER 6, 2021

Affordable Care Act (ACA) reporting under Section 6055 and Section 6056 for the 2021 calendar year is due in early 2022. 31, 2022 ; and. 28, 2022 (or March 31, 2022 , if filing electronically). Employer Takeaway The IRS generally encourages reporting entities to furnish statements as soon as they are able.

Out of Pocket Cost 52

Out of Pocket Cost Electronics Manufacturing Medical 52

Business Management Daily

FEBRUARY 10, 2022

Employees, on the other hand, would probably prefer safe harbor #1, since they incur no immediate out-of-pocket costs. Group plans covering small employers may be able to meet this standard if they cover only employees who live and work in a localized area and establish a distribution center at a nearby location.

Employment 52

Employment Retail Out of Pocket Cost Flexible Spending Account 52

Benefit Resource Inc.

JANUARY 4, 2023

This is excellent news for employers and HR professionals who want to provide employees with access to affordable healthcare services. But what does this extension mean, and how can employers take advantage of it? It was renewed in the 2022 Consolidated Appropriations Act for April 1st through December 31st, 2022.

Deductible 40

Deductible Deductions Out of Pocket Cost Healthcare 40

Griffin Benefits

MARCH 9, 2022

Plan sponsors can expect specialty drug spending to hit 55% or more of total drug costs in 2022. They need to find ways to control spending on these treatments, lest the cost of the drug benefit become prohibitive. Here are three ways to manage the cost of pharmaceutical benefits.

Pharmaceutical 52

Pharmaceutical Out of Pocket Cost Management Manufacturing 52

Higginbotham

NOVEMBER 28, 2022

Employers and employees alike are looking for ways to make health care more affordable. Unlike Flexible Spending Accounts (FSAs), which are owned by employers, individuals own HSAs. In 2022, Healthcare.gov says a high-deductible plan has a deductible of at least $1,400 for individual coverage and $2,800 for family coverage.

Health Savings Account 52

Health Savings Account Out of Pocket Cost Deductible Deductions 52

Higginbotham

JULY 12, 2022

This may be a good option for employers that want to simplify their health plan administration while giving employees flexibility. Even with health insurance, dental insurance and vision insurance, employees tend to end up with some out-of-pocket costs that aren’t covered by their various plans. Funds do not expire.

Out of Pocket Cost 52

Out of Pocket Cost Flexible Spending Account Medical Deductible 52

Higginbotham

MARCH 17, 2022

1, 2022: Detailed pricing information must generally be made public for plan years beginning on or after Jan. 1, 2022 (though extended to July 1, 2022, as mentioned below). Under the second exception, the Department will defer enforcement of the requirement to publish the remaining machine-readable files until July 1, 2022.

Health Insurance 52

Health Insurance Out of Pocket Cost Insurance Health Savings Account 52

The Workcomp Writer

OCTOBER 20, 2022

In an unpublished opinion, the Court of Appeals of New Mexico affirmed a decision by a state workers’ compensation judge that denied an injured worker’s request for full reimbursement of out-of-pocket costs for medical cannabis used in connection with his injury [ Barrozo v. 11, 2022)]. Albertson’s, Inc. LEXIS 372 (Oct.

Out of Pocket Cost 40

Out of Pocket Cost Medical Workers’ Compensation Insurance 40

HR Professionals Magazine

JUNE 28, 2023

As the healthcare landscape has evolved to value-based care, employers, payers and pharmacy benefit managers (PBMs) have implemented new strategies to improve quality of care and affordability. Insulin prices have increased 600 percent over the last 20 years causing many consumers to be at risk of non-adherence due to cost.

Healthcare 52

Healthcare Manufacturing Out of Pocket Cost Medical 52

Higginbotham

JANUARY 27, 2023

ACA Health Coverage Requirements Under the Affordable Care Act (ACA), employers with at least 50 full-time or full-time equivalent employees are considered Applicable Large Employers, or ALEs. However, many small employers decide to offer health insurance anyway. ALEs are subject to certain health care reporting requirements.

Health Insurance 52

Health Insurance Insurance Benefits Package Out of Pocket Cost 52

HR Professionals Magazine

NOVEMBER 1, 2023

On February 1, 2022, the United States Department of Labor Wage and Hour Division (DOL) announced a plan to hire at least 100 additional investigators to expand its compliance and enforcement efforts, and the overall number of audits is now increasing. This seems like a good thing!” Got all that? It’s time to get moving.

Medical 52

Medical Management Out of Pocket Cost Healthcare 52

McNees

JANUARY 19, 2021

Beginning in 2022, the No Surprises Act prohibits health care providers and health insurance plans from imposing upon enrollees a greater cost-sharing for out-of-network emergency health services than that of the in-network cost-sharing. These provisions generally apply to plan years beginning on or after January 1, 2022.

Employee Benefits 40

Employee Benefits Flexible Spending Health Insurance Pension 40

Griffin Benefits

NOVEMBER 3, 2022

With over a million ballots cast so far statewide, Arizona voters are already making their voices heard in the 2022 mid-term election. It isn’t a secret that medical care is expensive, and many out-of-pocket costs under health plans have increased. THE IMPACT ON EMPLOYER GROUP HEALTH PLANS.

Medical 86

Medical Paid Sick Leave Out of Pocket Cost Employment 86