InterWest Insurance Services

NOVEMBER 18, 2024

A new wave of class-action lawsuits is targeting employers that apply health insurance premium surcharges to employees who use tobacco, accusing them of discrimination and violating the Employee Retirement Income Security Act (ERISA), according to two new blogs by prominent law firms. based Groom Law Group.

Health Insurance 90

Health Insurance Insurance Employment IT 90

HR Digest

MARCH 12, 2025

These perks, often discretionary, supplement an employees paycheck and can range from health insurance to gym memberships, company cars to childcare assistance. According to a 2023 SHRM survey, 68% of employees prefer jobs with top-tier benefits over higher pay. The best packages blend practicality with creativity.

401(k) 72

401(k) Health Insurance Taxes Retirement Plan 72

InterWest Insurance Services

JULY 14, 2022

The health care sector is not immune to the effects of spiking inflation, and the increasing cost of care is likely to spill over into health insurance — but it’s uncertain by how much. For certain, inflationary pressures will be a topic of discussion during contract negotiations for 2023. in mid-2022.

Health Insurance 98

Health Insurance Insurance Hospitality Medical 98

InterWest Insurance Services

DECEMBER 10, 2024

That’s compared with 41% in 2023. Weight-loss drugs are covered by 64% of employers with more than 20,000 employees, up from 56% in 2023. These drugs, known as GLP-1s, are contributing to a significant spike in pharmaceutical costs and adding to overall health care outlays. The list price for Wegovy was $1,349, down 2.5%

Employment 97

Employment Pharmaceutical Medical Health Insurance 97

Vantage Circle

MARCH 25, 2025

How can companies move beyond standard health insurance and create a benefits package that truly stands out? A solid benefits package has comprehensive health insurance, paid time off (PTO), retirement plans, and wellness support. Companies that think free snacks and a 401(k) match are enough? What’s next?

Employee Benefits 85

Employee Benefits Family and Medical Leave Act 401(k) PTO 85

HR Lineup

OCTOBER 30, 2023

As we venture into 2023, businesses are seeking cutting-edge solutions to simplify HR and accounting tasks. In this article, we will explore the top 10 HR accounting software options available in 2023, each offering a unique set of features and capabilities to cater to different business needs.

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Software Payroll Human Resources Finance 130

Employee Benefit News

OCTOBER 13, 2022

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Healthcare Benefits 246

Healthcare Benefits Healthcare Health Insurance Insurance 246

PeopleKeep

OCTOBER 25, 2022

If you're an applicable large employer (ALE) with more than 50 full-time equivalent employees, that means your organization is subject to more regulations than smaller businesses, especially when it comes to offering health insurance coverage.

Health Insurance 98

Health Insurance Insurance Employment IT 98

InterWest Insurance Services

AUGUST 5, 2022

As the 2023 group health open enrollment season nears, more employers have heard concerns among their staff and are focusing on affordability and easier access to health care services, according to a new study. The survey found that 70% of all large employers were planning benefit enhancements for 2023.

Health Insurance 98

Health Insurance Insurance Deductions Deductible 98

International Foundation of Employee Benefit Plans

MAY 17, 2023

When it comes to employee benefits, tried-and-true offerings like employer-paid health insurance and matching retirement savings plan contributions have remained at the head of the class among soon-to-be U.S. and Canadian college graduates over the years.

Health Insurance 97

Health Insurance Insurance Employee Benefits Flexible Spending Account 97

Workplace Insight

SEPTEMBER 15, 2023

Other benefits mentioned include flexibility regarding work location (21 percent), free healthy meals (24 percent), more days off (33 percent), improved health insurance (16 percent) and physical amenities such as on-site gyms.

Health Insurance 115

Health Insurance Healthcare Insurance Employment 115

PeopleKeep

AUGUST 10, 2022

In addition to health insurance, employees increasingly want benefits that enhance their mental and behavioral health , improve satisfaction, and support work-life balance. This article outlines five key strategies for preparing for open enrollment season and effectively showcasing your employee benefits package.

Benefits Package 98

Benefits Package Health Insurance Insurance Employee Benefits 98

Pacific Prime

SEPTEMBER 26, 2022

It’s looking like healthcare costs will skyrocket in the employer market in 2023. The post Employers can expect higher healthcare costs in 2023 appeared first on Pacific Prime's Blog. But what exactly does this mean for you as an employer? To put it simply, premiums could increase much more than usual.

Healthcare 98

Healthcare Employment Health Insurance Employee Benefits 98

Money Talk

APRIL 14, 2022

If so, save those receipts for health insurance premiums and copays. 2022, 2023, 2024, and 2025). The important thing is to find a system that works for you to make 2022 tax filing season as stress-free as possible in 2023. State Income Tax Check-Up - State tax rules can vary from federal tax rules.

Taxes 189

Taxes Family and Medical Leave Act 401(k) Deductions 189

Best Money Moves

SEPTEMBER 6, 2023

Open Enrollment 2024 is right around the corner, providing your workforce with an important opportunity to choose a health insurance plan for the upcoming year. For most states, the Open Enrollment period for health coverage that begins on January 1, 2024 starts on November 1, 2023 and runs until January 15, 2024.

Health Insurance 98

Health Insurance Insurance Healthcare Employee Benefits 98

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. Two classes of drugs that are on health insurers’ radar in 2024 and 2025 are: GLP-1 agonists (annual cost: about $11,000). billion in the United States.

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. Two classes of drugs that are on health insurers’ radar in 2024 and 2025 are: GLP-1 agonists (annual cost: about $11,000). billion in the United States.

Pharmaceutical 97

Pharmaceutical Health Insurance Medical Insurance 97

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

PeopleKeep

APRIL 3, 2024

Small to medium-sized businesses (SMBs) often look for creative alternatives to traditional health insurance to offer their employees an affordable and comprehensive health benefit. One option some employers may consider is a level-funded health plan.

Health Insurance 105

Health Insurance Healthcare Insurance Employee Benefits 105

Higginbotham

AUGUST 10, 2023

An employee wellness program is a driver of success and sustainability for any organization in any industry, and the core of an effective strategy for employee wellness is comprehensive health insurance coverage. However, increasing inflation amidst World War II brought a wage freeze in 1942.

Health Insurance 52

Health Insurance Employee Wellness Insurance Benefits Package 52

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

Best Money Moves

SEPTEMBER 21, 2022

What are the deadlines for open enrollment 2023? The open enrollment period comes around every fall as a time for many Americans to opt into an insurance plan for the upcoming year. . When is open enrollment 2023? In order to guarantee coverage that begins on January 1, 2023, employees must enroll by December 15, 2022. .

Health Insurance 59

Health Insurance Insurance Employment Healthcare 59

Business Management Daily

MARCH 3, 2023

For 2023, you can deduct up to $1.16 million of the cost of qualified property—machinery, equipment, standardized computer software, and improvements to nonresidential buildings—placed into service in 2023. In 2023, this amount is $2.89 IRC § 179 puts money in your pocket by letting you take a full tax deduction instead.

Deductions 98

Deductions Deductible Taxes Health Insurance 98

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 Deductions Deductible 98

HR Professionals Magazine

AUGUST 1, 2023

The post QualChoice Health Insurance – There’s a Better Choice appeared first on HRProfessionalsMagazine.

Health Insurance 52

Health Insurance Insurance Employee Benefits 52

InterWest Insurance Services

JULY 18, 2024

Sales of voluntary group benefits grew at a record pace in 2023 as more employers expand their offerings and demand continues booming as employees seek out benefits that can defray costs, according to new research. According to the report, in 2023: Group term life insurance premiums increased 10% from the 2022 level.

Voluntary Benefits 97

Voluntary Benefits Hospitality Health Insurance Deductions 97

HR Professionals Magazine

JUNE 28, 2023

But ultimately, whatever plan you choose is confined to this thing we call the current health insurance model. Let’s briefly explore the key factors contributing to the harsh realities of the current health insurance system. But our health and our family’s peace of mind is worth it. Here’s why.

Health Insurance 52

Health Insurance Insurance Healthcare Medical 52

HR Professionals Magazine

MARCH 6, 2023

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

Health Insurance 52

Health Insurance Insurance Employee Benefits 52

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

InterWest Insurance Services

DECEMBER 26, 2024

That’s compared with 41% in 2023. Weight-loss drugs are covered by 64% of employers with more than 20,000 employees, up from 56% in 2023. These drugs, known as GLP-1s, are contributing to a significant spike in pharmaceutical costs and adding to overall health care outlays. The list price for Wegovy was $1,349, down 2.5%

Employment 98

Employment Pharmaceutical Medical Health Insurance 98

InterWest Insurance Services

NOVEMBER 2, 2023

A new study’s findings that many workers have a poor understanding of their employer-sponsored health insurance benefits, presents an opportunity for businesses to extend targeted support to staff during open enrollment. The study authors recommend a return-to-basics approach during open enrollment for these workers.

Health Insurance 98

Health Insurance Deductions Deductible Insurance 98

InterWest Insurance Services

OCTOBER 8, 2024

With 2025 just a few months away, it’s important that small employers understand their group health insurance reporting obligations under the Affordable Care Act as they changed at the start of 2024. Employers must submit their waiver request at least 45 days prior to the due date for returns by using this form.

Electronics 97

Electronics Employment Health Insurance Insurance 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

Social Security Earnings Limit- Those who claim Social Security before full retirement age will have their benefits reduced $1 for every $2 they earn over $21,240 (2023 limit). Employer Benefits - Workers age 65+ at large companies can still be covered by group health insurance, thereby postponing Medicare premiums.

Taxes 130

Taxes Pension Deductions Deductible 130

Higginbotham

NOVEMBER 12, 2024

is $327 as of August 2023. Households in 2023 report found that 37 percent of adults would be unable to cover an unexpected expense of $400 without borrowing or selling assets. News & World Report , most law firms charge by the hour, and the average hourly rate in the U.S. The Federal Reserve Board’s Economic Well-Being of U.S.

Voluntary Benefits 52

Voluntary Benefits Insurance Health Insurance Benefits Package 52

Flimp Communications

SEPTEMBER 20, 2024

With stress and burnout on the rise globally, mental health-focused wellness offerings are particularly important. Click here for 23 wellness tools to promote holistic wellbeing among your workforce in 2023.) Common wellness program incentives include health insurance discounts, gift cards, outings, and parties.

Employee Wellness 52

Employee Wellness Taxes Health Insurance Finance 52

PeopleKeep

NOVEMBER 2, 2022

The employer mandate requires all ALEs, including government entities and nonprofit organizations, to offer their full-time employees health insurance that is affordable and provides minimum value, or be subject to penalties in the form of payments under the employer shared responsibility provisions.

Employment 52

Employment Health Insurance Government Insurance 52