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Smallest Firms See Largest Health Insurance Hikes

InterWest Insurance Services

A new report has found that small businesses that purchase their group health insurance online or through payroll vendors saw the largest premium hikes in 2022, significantly higher than those that went through brokers. Overall, more than half of SMB employees opt out of their employer-sponsored coverage.

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8 Ways Employers and Employees Can Save On Prescription Medications

Griffin Benefits

While these higher deductibles are offset by cheaper monthly medical premiums and often by employer contributions to Health Savings Accounts (HSA), HDHP plans are nevertheless structured in such a way as to promote heightened "healthcare consumerism.". Over-the-Counter Drugs (OTC). Pill-Splitting.

Medical 52
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FSA eligible expenses — what purchases count?

Business Management Daily

Employers are constantly looking for ways to remain competitive in their benefits offerings, and an FSA is a great add-on to your benefits package. Flexible Spending Accounts allow employees to set aside pre-tax dollars from their paycheck to use for medical or dependent care expenses. What Expenses Are Covered By an FSA?

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Health Expenses a Major Source of Mental Health Issues for U.S. Workers

InterWest Insurance Services

Mental health issues have come to the fore during the COVID-19 pandemic, spurring employers to expect their group health plans to do more for their workers in this area. The report states that the findings raise concerns about whether some employees can even afford to use their health plans.

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ACA Repeal & Replace - New House Bill Details

AssuredPartners

The good news for many of our clients is that the Congress has listened to you and us as your brokers, consultants, agents and administrators. So, the tax exclusion for employer-provided plans remains in place. Individual mandate and Employer mandate taxes (penalties) will be eliminated. Medicaid wind-down.