HR Digest

SEPTEMBER 14, 2020

Under the Affordable Care Act, there is a subsidy available for small businesses that provide health insurance to their employees. To qualify, the startup must have fewer than 25 full-time equivalent employees, pay average annual wages below $50,000 and contribute 50% or more toward employees’ self-only health insurance premiums.

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PeopleKeep

JULY 8, 2022

The average American spends a considerable amount of money on healthcare each year. Premium increases, higher deductibles and copays, and soaring prescription drug prices result in spikes in healthcare costs. According to the Centers for Medicare & Medicaid Services 1 , in 2021, healthcare costs skyrocketed to $4.3

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PeopleKeep

SEPTEMBER 15, 2021

As renewal season comes around each year, employers everywhere brace themselves for what their new group health insurance premiums will look like in the new year—because chances are, they’ll be higher. When group health insurance premiums go up, it gets that much harder to meet the employer contribution requirements.

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Fringe Benefit Analysts

OCTOBER 17, 2024

 Small employers looking for ways to control their group health insurance costs are more closely examining what it means to be “ fully insured.” What Is a Fully Insured Health Plan? Fully insured” is what most people mean by “ insurance ” or group health insurance.

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Business Management Daily

OCTOBER 6, 2021

Open enrollment is right around the corner, so this is the perfect time to take a closer look at the health insurance coverage that you are offering to employees and make sure that it includes appropriate coverage for mental health. Are mental health services covered by health insurance? HMO vs PPO.

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WEX Inc.

SEPTEMBER 4, 2024

Whether you’re transitioning from your parents’ insurance, landed your first full-time job, or are simply obtaining coverage for the first time, choosing health plans and employee benefits options can be overwhelming. For starters, let’s look at a few considerations when evaluating health plans for the first time.

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InterWest Insurance Services

DECEMBER 10, 2024

increase in health insurance costs, even after implementing cost-reduction measures. increase in health insurance costs, even after implementing cost-reduction measures. One way employers are trying to address both their and employees’ costs is by offering their employees more plans to choose from.

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BerniePortal

SEPTEMBER 23, 2021

As the time nears for organizations to renew their health plan , many employees may become concerned if their health insurance deductibles are also set to renew. If an employee is on the cusp of meeting their deductible when it comes time for their health insurance plan to reset, it can be an understandable worry.

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InterWest Insurance Services

APRIL 27, 2022

Surprise bills and billing errors are driving growing dissatisfaction among Millennials and Gen Zers with their health insurance, a new study has found. Already facing outsized medical cost hits, an increase in billing mistakes and surprise bills is contributing to a dim view of health insurance among Millennials and Gen Zers.

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Qandle

JANUARY 29, 2025

Benefits Compliance: Organizations must also stay compliant with benefits regulations, such as healthcare benefits under the Affordable Care Act (ACA) and retirement plans under ERISA. Payroll software simplifies this process by automatically applying the correct deductions based on employee benefits selections.

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Best Money Moves

OCTOBER 1, 2024

However, Gen Z employees are particularly susceptible to a lack of education on insurance terms and policies. In fact, when surveyed by the National Association of Insurance Commissioners (NAIC), only about a quarter of Gen Z adults could define the terms “deductible” (27%) and “copay” (29%).

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HR Lineup

MAY 28, 2024

These programs go beyond the traditional healthcare and retirement plans, incorporating elements that cater to employees’ holistic well-being. They can range from traditional benefits like health insurance and retirement plans to more modern and creative offerings that cater to employees’ diverse needs and interests.

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WEX Inc.

SEPTEMBER 18, 2024

It’s your best chance to evaluate your healthcare needs and identify opportunities to better support yourself and your family. If you’re one of that majority, you may be missing out on multiple ways to save, either through the health plan you choose or through the benefits you enroll in.

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PeopleKeep

MARCH 7, 2022

A traditional group health plan can be difficult to manage with rising healthcare costs. If you’re offering a group health plan with a high deductible to save money, a special type of health reimbursement arrangement (HRA) has been specifically designed for employers like you: the integrated HRA.

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WEX Inc.

AUGUST 15, 2023

For first-time health insurance and benefits electees, we’re kicking off a three-part blog series just for you to walk through considerations when making these decisions. For starters, let’s look at a few considerations when evaluating health plans for the first time.

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PeopleKeep

FEBRUARY 14, 2022

With the cost of health insurance coverage on the rise and consumers seeing their once low deductibles grow sky high, many Americans have been forced to pay more for their healthcare without the help of insurance. These costs that aren’t covered by insurance companies are called “out-of-pocket” costs.

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BerniePortal

MARCH 2, 2021

healthcare system is complex. Between deductibles, copays, and in-network providers, it can be difficult for employers and employees alike to make sense of how exactly their healthcare works.

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Fringe Benefit Analysts

JUNE 22, 2021

Providing employer-sponsored, group health insurance is one of the top benefits a small business can provide for employees. Fringe Benefit Analysts is committed to helping small business owners navigate the health insurance benefits landscape and decipher just how much it costs for small business health insurance.

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Global People Strategist

JUNE 8, 2022

While Thailand may be popular for its tourism, it has much more to offer, such as the country’s healthcare system for citizens and tourists alike. This blog will give a better understanding of the healthcare programs in the country. Thai Healthcare System. Public health. Private health insurance.

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PeopleKeep

FEBRUARY 25, 2022

Organizations of all sizes are feeling the pressure of rising healthcare costs. And with deductibles increasing over 68.4% For many employers, health reimbursement arrangements (HRAs) are one of the best options to offset rising healthcare costs and provide employees with tax-advantaged health benefits.

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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.

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Global People Strategist

JULY 13, 2022

As the cost of healthcare continues to rise, private employers are searching for new and innovative ways to provide health insurance for their employees. Here we will take a look at some of the latest trends in health insurance for private employers. The Rise of High Deductible Health Plans.

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Higginbotham

SEPTEMBER 16, 2024

Are you offering your employees health insurance options that work for their budgets? While not ideal for everyone, a high-deductible health plan can be very appealing to some workers, especially when it’s paired with a health savings account.

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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.

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HR Professionals Magazine

JUNE 28, 2023

By Will Brown When it comes to healthcare, we may have a choice as to which carrier we prefer and the type of plan. But ultimately, whatever plan you choose is confined to this thing we call the current health insurance model. And I think we can all admit it’s a system with some notable issues.

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Griffin Benefits

JULY 5, 2023

Employers of every size continue to struggle with the rising costs of healthcare, which ultimately increases the cost of medical premiums for everyone. One solution means looking inward: transitioning from the fully funded model of healthcare benefits to self-funded health plans featuring stop-loss insurance.

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Griffin Benefits

AUGUST 25, 2021

As employee benefits consultants, we take our responsibility seriously to educate employers and employees on resources available to help reduce employee benefits program costs and out-of-pocket healthcare expenses. This is especially true for those enrolled in High Deductible Health Plans (HDHPs), but even for those who aren’t.

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Empuls

DECEMBER 24, 2024

  These benefits range from health insurance to retirement plans, paid time off (PTO), and wellness programs. Some of its key components include: Health insurance: Covers medical expenses. This includes offering high-deductible health plans combined with Health Savings Accounts (HSAs) to help employees manage costs.

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Health Consultants Group

DECEMBER 1, 2021

As businesses continue their push toward pre-COVID norms, the unvaccinated employee remains a crucial health issue. For example, some companies deduct surcharges directly from their unvaccinated employees’ paychecks. A $200 monthly surcharge for enrollees in Delta’s healthcare plan. They determined the following: .

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Best Money Moves

SEPTEMBER 25, 2024

Employees Face a Healthcare Crisis. Employees are experiencing a healthcare crisis due to financial concerns. American families are in the midst of a healthcare crisis and employer-sponsored health insurance can’t keep up. Having health insurance does not guarantee access to healthcare or the ability to afford it.

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WEX Inc.

SEPTEMBER 14, 2023

It’s your best chance to evaluate your healthcare needs and identify opportunities to better support yourself and your family. If you’re one of that majority, you may be missing out on multiple ways to save, either through the health plan you choose or through the benefits you enroll in.

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401(k) Health Savings Account Flexible Spending Account Healthcare 98

Genesis HR Solutions

SEPTEMBER 21, 2021

As one of the most expensive aspects of running a small business, health insurance is top of mind for many employers. What is the best way to provide insurance? Should you provide insurance at all? Why Health Insurance For Small Businesses Matters. Health Insurance For Small Business Owners: 4 Options.

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PeopleKeep

JUNE 8, 2022

American Indians and Alaska Natives face many healthcare inequalities from other Americans, such as high uninsured rates and barriers to finding proper care, which can lead to a poor overall health status. Cost sharing is when patients pay a portion of their healthcare expenses that aren’t covered by their health insurance.

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BerniePortal

OCTOBER 31, 2023

Copays, deductibles, and coinsurance are all out-of-pocket expenses that represent the portion that an individual is required to pay either before or after health insurance covers additional costs.

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PeopleStrategy

JULY 8, 2019

According to a recent survey , 35 percent of employees don’t understand their healthcare coverage, and another 33 percent don’t understand their medical bills. And, sadly, almost two-thirds (62 percent) of survey participants said their employer is not a resource for healthcare-related questions.

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PeopleKeep

FEBRUARY 9, 2022

A health savings account (HSA) is an employee-owned account designed to set aside pre-tax money to pay for qualified medical expenses such as deductibles, copayments, coinsurance, and other out-of-pocket expenses included in IRS publication 502.

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PeopleKeep

APRIL 30, 2020

There are a few different types of medical reimbursement plans including: Health Reimbursement Arrangements (HRAs), Healthcare Reimbursement Plans (HRPs), Health Savings Accounts (HSAs), and Health Flexible Spending Accounts (FSAs). Medical reimbursement plans can be used alongside a group health insurance plan.

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