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2022 Personal Finance Year in Review

Money Talk

Last month, I presented my eighth annual (2022) Personal Finance Year in Review webinar for OneOp. in January 2022, reached a year-to-year high of 9.1% in June 2022, and stood at 7.1% Interest Rates- The Federal Reserve raised interest rates seven times in 2022 through December, including four rate hikes of 0.75%.

Finance 244
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Aster Group ensures its benefits align with employees’ needs

Employee Benefits

It provides access to a healthcare cash plan , an employee assistance programme and life insurance for up to three people. Additional voluntary benefits include private medical insurance, payroll giving, bikes-for-work, critical illness cover, a cash plan upgrade options and the choice of two pension schemes.

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Voluntary Benefits Demand Surges as Employees Seek to Defray Costs

InterWest Insurance Services

According to the report, in 2023: Group term life insurance premiums increased 10% from the 2022 level. Group universal life and whole life were up 9%. Critical illness insurance premiums were up 7%. Hospital indemnity premiums were 6% higher. Dental coverage was up 5%.

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Workforce Trends Predictions for 2022

Empuls

But for a more plausible forecast, let’s look at the workforce trend predictions that shall roll into 2022. Presenting the workforce trends 2022! Workforce Trend Predictions for 2022 1. According to an SHRM study , Gen-Zers will hold up to 36% of the share in the workforce by the end of 2022.

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Study Predicts 8% Group Health Plan Cost Increase for 2025

InterWest Insurance Services

Cost drivers Thanks to a continuing stream of pharmaceutical breakthroughs that are saving patients’ lives and/or improving their quality of life, insurers have to make coverage decisions. One report estimates that the savings generated by biosimilars in 2022 was $9.4 billion in the United States.

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Commissioner Orders Benchmark Workers’ Comp Rate Reduction

InterWest Insurance Services

Cost drivers Thanks to a continuing stream of pharmaceutical breakthroughs that are saving patients’ lives and/or improving their quality of life, insurers have to make coverage decisions. One report estimates that the savings generated by biosimilars in 2022 was $9.4 billion in the United States.

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Reconsidering your employee benefits priorities

Health Consultants Group

Group-term life insurance . A provision of The Taxpayer Certainty and Disaster Tax Relief Act of 2020 extended use and rollover options to 2022. . When you comply with their guidelines, the IRS doesn’t require you to withhold FICA, FUTA, Medicare, or income taxes from pre-tax contributions. Accident and Health Benefits .