Money Talk

AUGUST 10, 2022

The year 2022 is equally noteworthy for a “Great Unretirement” as millions of older workers who left jobs during the pandemic decided to come back into the labor force. 67 for workers born in 1960 or later), Social Security deducts $1 from benefits for every $2 earned above the annual limit ($19,560 in 2022).

Disability Insurance 246

Disability Insurance Taxes Health Insurance Pension 246

BerniePortal

NOVEMBER 8, 2021

The Affordable Care Act (ACA) is designed to offer more affordable insurance and make such insurance available to more individuals in need. Each year employers must notate and report all employee health insurance information to the IRS. Will reporting guidelines be different for the 2022 calendar year?

Health Insurance 98

Health Insurance Insurance Employment Healthcare 98

Best Money Moves

NOVEMBER 30, 2021

5 must have employee benefits and perks for 2022. Here are our top 5 picks for 2022. 2022 is right around the corner, and with it comes a new opportunity to update your benefits offerings to better serve your employees. . Here are five benefits trends we’ve identified as must-haves for 2022: 1.

Family and Medical Leave Act 105

Family and Medical Leave Act Employee Benefits Paid Leave Benefits Package 105

Money Talk

JUNE 29, 2022

We are almost at the halfway mark of 2022, which makes this a perfect time to assess your financial progress and take action over the next six months. Investment Portfolio Rebalancing Review - To put it mildly, the stock market has been very volatile during the first half of 2022. 50% stock, 30% bonds, and 20% cash assets). .

401(k) 189

401(k) Out of Pocket Cost Finance Flexible Spending Account 189

InterWest Insurance Services

DECEMBER 10, 2024

from 2023, but still about 20% higher than it was in 2022. Most commercial health plans and Medicare pay about $290 for Ozempic and $649 for Wegovy, according to an anti-obesity medication cost report prepared by the Department of Health and Human Services. The full list price for Ozempic was $969 in the fall, down 9.7%

Employment 97

Employment Pharmaceutical Medical Health Insurance 97

PeopleKeep

MARCH 31, 2022

Are there other ways to save on health insurance? How do you calculate the federal poverty level? How does the IRS use the federal poverty guidelines? What are the current poverty guidelines?

Health Insurance 98

Health Insurance Government Insurance Healthcare 98

Proskauer's Employee Benefits & Executive Compensa

AUGUST 26, 2022

On August 17, 2022, the U.S. Court of Appeals for the Fifth Circuit held that a Department of Labor (“DOL”) advisory opinion, which found that an insurance plan was not governed by ERISA, was unenforceable under the Administrative Procedure Act (“APA”). 20-11179, 2022 WL 3440652, __F. Department of Labor , No. 4th __ (5th Cir.

Health Insurance 98

Health Insurance Insurance Health and Welfare Government 98

PeopleKeep

FEBRUARY 3, 2022

This year’s report proves that five years is just the beginning for the QSEHRA, and that it will continue to be an important health benefits solution for small employers for many years to come.

Health Insurance 97

Health Insurance Healthcare Insurance Taxes 97

BerniePortal

MAY 11, 2021

The IRS recently issued new 2022 contribution limits for health savings accounts (HSA), which represent the total amount of tax-advantaged dollars that participants can deposit into these accounts. Find out what these limits are and how employers can alert employees about the changes.

Health Savings Account 81

Health Savings Account Health Insurance Deductible Deductions 81

HR Lineup

AUGUST 30, 2022

Below, we review 10 best HR skills that every HR professional needs in 2022. Also, take care of their health by offering health insurance. It is also crucial for existing HR professionals to develop new skills that will help them conduct their duties well and succeed in their roles. Why HR as a Career.

Health Insurance 246

Health Insurance Software Technology Payroll 246

McDermott Will & Emery Employee Benefits

APRIL 6, 2022

The increased penalties generally apply to reporting and disclosure failures if the penalty is assessed after January 15, 2022, and if the violation occurred after […]. The post Inflation and ERISA Penalties: Hand in Hand for 2022 appeared first on EMPLOYEE BENEFITS BLOG.

Employee Benefits 98

Employee Benefits Health and Welfare Executive Compensation Retirement Plan 98

Money Talk

NOVEMBER 15, 2022

One of the largest items in household budgets is car insurance. According to Bankrate, the average annual cost of car insurance in June 2022 was $1,771 per year ($148 per month) for full coverage and $545 for just the minimum coverage required by state law. However, if you drive at lot of non-family members around (e.g.,

Insurance 182

Insurance Deductible Deductions Health Insurance 182

BerniePortal

JANUARY 7, 2022

With the No Surprises Act (NSA) now in place, there are new restrictions and regulations that must be followed by out-of-network health providers. Read on to learn about what this means for these providers and how this may affect your employees’ health insurance benefits moving forward.

Health Insurance 98

Health Insurance Insurance Healthcare 98

Best Money Moves

SEPTEMBER 7, 2021

What Are the Deadlines for Open Enrollment 2022? Open enrollment for 2022 is just around the corner. As fall approaches, so does open enrollment — the annual period where most Americans enroll in a health insurance plan for the upcoming calendar year. . When is open enrollment 2022? Medicaid and CHIP.

Health Insurance 59

Health Insurance Insurance Employment 59

Pacific Prime

MAY 31, 2022

The post What are the best cities for work-life balance in 2022? After all, work should only be one part of your life and not all of it. That’s why every year, Kisi examines cities across the globe to see which ones. appeared first on Pacific Prime's Blog.

Health Insurance 98

Health Insurance Employee Benefits Insurance IT 98

Money Talk

AUGUST 3, 2022

People can also lower their account balances that get taxed by gifting up to $16,000 to individuals (2022). They include 529 college savings plans, flexible spending accounts (FSAs), tax-deferred annuities, and health savings accounts (HSAs) for people with high-deductible health insurance plans.

Taxes 189

Taxes 401(k) Flexible Spending Account Deductible 189

McDermott Will & Emery Employee Benefits

AUGUST 9, 2022

Effective January 1, 2022, the No Surprises Act protects healthcare consumers from surprise medical billing under certain circumstances.

Health Insurance 98

Health Insurance Medical Healthcare Insurance 98

15Five

MARCH 1, 2022

In our second HR Superstars Summit held on February 16, 2022, we held a panel called “Differentiating Through Talent Acquisition” to discuss this pressing topic. Thus, companies must now provide the minimum — health insurance, professional development opportunities, and room for growth — to even be considered by top talent.

Salary 81

Salary Recruitment Consulting Health Insurance 81

Higginbotham

JANUARY 27, 2023

Although some small business owners may feel overwhelmed by the prospect of offering health insurance and other benefits, the many advantages can make the effort worthwhile. ALEs are subject to certain health care reporting requirements. However, many small employers decide to offer health insurance anyway.

Health Insurance 52

Health Insurance Insurance Benefits Package Out of Pocket Cost 52

International Foundation of Employee Benefit Plans

JULY 19, 2022

On June 13, 2022, the U.S. Department of Health and Human Services (HHS) Office for Civil Rights (OCR) issued guidance on Health Insurance Portability and Accountability Act (HIPAA) requirements as. Read more > The post HIPAA Guidance on Postpandemic Audio-Only Telehealth appeared first on Word on Benefits.

Health Insurance 103

Health Insurance Insurance Employee Benefits 103

InterWest Insurance Services

JANUARY 13, 2022

The time when the IRS offers relief from financial penalties to employers that make errors on their group health insurance reporting forms has come to an end. IRS Code requires employers who are obligated under the Affordable Care Act to offer their employees health insurance benefits to also file these forms annually.

Health Insurance 98

Health Insurance Taxes Electronics Insurance 98

PeopleKeep

OCTOBER 6, 2021

While group health insurance has typically been the standard choice for employer-sponsored health coverage, rising group premiums and the “one-size-fits-all” nature of the plans are becoming unsustainable for many organizations, especially small and medium-size businesses (SMBs). Short on time?

Health Insurance 98

Health Insurance Insurance Medical Taxes 98

International Foundation of Employee Benefit Plans

AUGUST 17, 2022

Maybe the 26th anniversary (coming up on August 21, 2022) of the Health Insurance Portability and Accountability Act (HIPAA) isn’t as noteworthy as a milestone year like last year’s 25th, Read more > The post HIPAA Turns 26: Time to Review New Guidance! appeared first on Word on Benefits.

Health Insurance 101

Health Insurance Insurance Employee Benefits 101

InterWest Insurance Services

SEPTEMBER 21, 2023

The moves by these insurers come after the Centers for Medicare and Medicaid Services (CMS) announced earlier this year that it would require health insurers to automate prior authorization and return decisions more quickly. Health insurers have lists of services that require prior approval, in order to control their costs.

Insurance 98

Insurance Health Insurance Medical IT 98

Griffin Benefits

JULY 5, 2023

In fact, after raising the prices of more than 1,400 prescription drugs in 2022, pharmaceutical companies started 2023 off with a 5% increase for more than 450 medications. One solution means looking inward: transitioning from the fully funded model of healthcare benefits to self-funded health plans featuring stop-loss insurance.

Health Insurance 52

Health Insurance Insurance Pharmaceutical Healthcare 52

InterWest Insurance Services

JUNE 13, 2024

Employer adoption of specialized accounts that they fund to help reimburse employees when they buy health insurance on their own is surging in 2024. Employers fund these accounts with money that employees can use to purchase health insurance, often on Affordable Care Act exchanges. These funds are not taxed.

Health Insurance 98

Health Insurance Insurance Deductible Deductions 98

InterWest Insurance Services

JANUARY 5, 2023

Despite group health insurance costs expected to rise 5.4% With Americans increasingly struggling to pay their health care bills, more employers are shying away from only offering their workers high-deductible health plans (HDHPs) that reduce premiums up front for higher out-of-pocket costs for workers.

Out of Pocket Cost 92

Out of Pocket Cost Employment Health Insurance Deductible 92

InterWest Insurance Services

APRIL 21, 2022

A surge in federal government subsidies has led many people to drop their employer-sponsored health insurance and instead seek out coverage on government-run Affordable Care Act exchanges, according to a report by the Kaiser Family Foundation. 31, 2022, and the premium tax credit regime reverts to the prior one.

Employment 98

Employment Health Insurance Taxes Government 98

InterWest Insurance Services

JULY 4, 2024

It found that: 64% of health plan enrollees selected a traditional plan in plan year 2024, compared to 69% in 2022. The average employer covers 78% of their employees’ health insurance premiums, up from 74% in 2022. Across generations, higher-salaried individuals choose HDHPs over traditional plans.

Voluntary Benefits 97

Voluntary Benefits Flexible Spending Account Deductible Deductions 97

HR Professionals Magazine

OCTOBER 4, 2022

The post And You Have a Choice in Health Insurance appeared first on HRProfessionalsMagazine.

Health Insurance 52

Health Insurance Insurance Employee Benefits 52

InterWest Insurance Services

AUGUST 15, 2024

A new study predicts that group health insurance costs will jump 8% in 2025, on par with what American employers have experienced this year and in 2023. Many of the new drugs are costly, but they may also reduce overall health care costs in the long run as they may reduce the need for expensive intervention and emergency treatments.

Pharmaceutical 98

Pharmaceutical Health Insurance Medical Insurance 98

InterWest Insurance Services

AUGUST 6, 2024

A new study predicts that group health insurance costs will jump 8% in 2025, on par with what American employers have experienced this year and in 2023. Many of the new drugs are costly, but they may also reduce overall health care costs in the long run as they may reduce the need for expensive intervention and emergency treatments.

Pharmaceutical 97

Pharmaceutical Health Insurance Medical Insurance 97

Employee Benefits

OCTOBER 24, 2023

Conducted by global talent services firm Morgan McKinley as part of its 2024 Salary guide , the survey found that the top five desired benefits respondents look for in a job are working from home, bonus, pension, health insurance and flexible working hours.

Benefits Package 118

Benefits Package Salary Pension Health Insurance 118

McDermott Will & Emery Employee Benefits

DECEMBER 20, 2022

On December 1, 2022, the Office for Civil Rights (OCR) at the US Department of Health and Human Services (HHS) issued a Bulletin on the obligations of covered entities and business associates (regulated entities) under the Health Insurance Portability and Accountability Act of 1996 (HIPAA) Privacy, Security, and Breach Notification Rules (HIPAA Rules) (..)

Technology 93

Technology Health Insurance Insurance Employee Benefits 93

InterWest Insurance Services

JULY 18, 2024

Voluntary/Worksite Sales Report” The findings underscore the value that employees place on these benefits, particularly in defraying health care-related costs. According to the report, in 2023: Group term life insurance premiums increased 10% from the 2022 level. Critical illness insurance premiums were up 7%.

Voluntary Benefits 97

Voluntary Benefits Hospitality Health Insurance Deductible 97

InterWest Insurance Services

AUGUST 31, 2023

A new report by Aon warns employers to expect average group health insurance costs to increase 8.5% increases employers saw in 2022 and 2023. The cost drivers There are a few reasons rates are climbing: Health care inflation — This is the main culprit behind the expected rate hikes. The cost hike is almost double the 4.5%

Pharmaceutical 98

Pharmaceutical Hospitality Health Insurance Medical 98

Money Talk

AUGUST 16, 2023

of Americans age 65+ were working in 2022. Employer Benefits - Workers age 65+ at large companies can still be covered by group health insurance, thereby postponing Medicare premiums. After declining in early years of the pandemic, the percentage of older adults in the labor force is increasing. An estimated 21.9%

Taxes 130

Taxes Pension Deductible Deductions 130