InterWest Insurance Services

JUNE 16, 2022

More employers are including narrow provider network insurance plans among their plan offerings to their employees to give them a lower-cost premium option. Narrow provider networks limit the number of covered providers included in health insurance plans. There is no limit if your employee goes out of network.

Employment 98

Employment Out of Pocket Cost Health Insurance Insurance 98

Best Money Moves

JUNE 1, 2022

According to SHRM, 16% of large and midsize US employers plan to raise 401(k) contributions or reinstate a contribution match for 2022. Health Care Assistance. A strategy for employers to signal to employees that their needs are being cared for is by increasing health care benefits.

401(k) 115

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

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

Benefits Notes

JANUARY 4, 2023

On December 23, 2022, the Departments of Labor, Health and Human Services and Treasury (the “Departments”) issued FAQs providing relief from prescription drug and health care spending reporting requirements. The deadline for 2020 and 2021 submissions were previously December 27, 2022. The FAQs are available here: [link].

Out of Pocket Cost 52

Out of Pocket Cost Manufacturing Insurance Health Insurance 52

Higginbotham

MARCH 28, 2023

A better option than reducing benefits is to learn how to manage employer health care costs. Health Insurance Costs Keep Rising Employers spend significant sums of money on employee health care – and the costs keep rising. per hour in September 2022. Health insurance alone accounts for 7.8

Health Insurance 52

Health Insurance Employment Management Out of Pocket Cost 52

Benefit Resource Inc.

JANUARY 3, 2022

The cost of having a baby is no small fee. Even with health insurance, labor and delivery can cost around $5,000, and without insurance, it can be upwards of $40,000. Fortunately, one great way to help with out-of-pocket costs is utilizing a Health Savings Account (HSA).

Taxes 72

Taxes 401(k) Out of Pocket Cost Health Savings Account 72

Higginbotham

NOVEMBER 28, 2022

If you have a high-deductible health plan, you must pay the deductible out-of-pocket before the plan starts covering its share of care costs – although the plan may cover certain preventative care costs before you meet the deductible. The tax advantages can make health care more affordable.

Health Savings Account 52

Health Savings Account Out of Pocket Cost Deductible Deductions 52

HR Professionals Magazine

NOVEMBER 1, 2022

But how much do you know about the CAA-required prescription drug and health care reporting requirements? 27, 2022, deadline looming, it’s time to make sure your group health plan (GHP) is on track to timely comply. Reporting for 2022 will be due on June 1, 2023. With a Dec.

Out of Pocket Cost 52

Out of Pocket Cost Health Insurance Insurance Employee Benefits 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. Integrated health reimbursement arrangements are designed to work with the group health plan. A benefit reimbursement plan offers a way to cover these costs.

Out of Pocket Cost 52

Out of Pocket Cost Flexible Spending Account Medical Deductible 52

HR Professionals Magazine

JUNE 28, 2023

Insulin prices have increased 600 percent over the last 20 years causing many consumers to be at risk of non-adherence due to cost. 4 Solving the Affordability Issue – Legislation Influence The Inflation Reduction Act , a spending package Congress approved in 2022, capped insulin out-of-pocket costs at $35 for Americans with Medicare.

Healthcare 52

Healthcare Manufacturing Out of Pocket Cost Medical 52

InterWest Insurance Services

MAY 9, 2022

But for employees in your group health plan, they have many options for obtaining a test with no out-of-pocket costs. Under an executive order issued by President Biden, employees in a group health plan are eligible to receive COVID-19 at-home test kits with no cost-sharing, copay, coinsurance or deductible.

Out of Pocket Cost 98

Out of Pocket Cost Health Insurance Insurance Carriers Hospitality 98

InterWest Insurance Services

MAY 11, 2023

American workers are more stressed than ever coming out of the pandemic, and an increasing number of people are also struggling with mental health issues. Sadly, the number of people dying from drugs, alcohol and suicide hit record levels in 2022. Stress can have a significant adverse impact on business.

Family and Medical Leave Act 98

Family and Medical Leave Act Employment Parental Leave Out of Pocket Cost 98

Higginbotham

MARCH 17, 2022

Transparency in Health Coverage. As we discussed in our CAA webinar last July and our January compliance update, new transparency in coverage requirements apply to group health plans and health insurers in the individual and group markets. 1, 2022 (though extended to July 1, 2022, as mentioned below).

Health Insurance 52

Health Insurance Out of Pocket Cost Insurance Health Savings Account 52

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 RISE OF MEDICAL DEBT.

Medical 86

Medical Paid Sick Leave Out of Pocket Cost Employment 86

McNees

JANUARY 19, 2021

Extension of Grace Periods : The Act permits plans to extend the grace period for a plan year ending in 2020 or 2021 to 12 months after the end of such plan year, with respect to unused benefits or contributions remaining in a health flexible spending arrangement or a dependent care flexible spending arrangement.

Employee Benefits 40

Employee Benefits Flexible Spending Health Insurance Pension 40