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Cafeteria plans for health insurance: Understanding Section 125 benefits

Higginbotham

A cafeteria plan for health insurance has a similar premise. Health Insurance and Other Benefit Options Under IRS regulations, all cafeteria plans must also offer a cash option. In a premium-only plan , employees can elect to take their full salary in cash or to use the benefit to pay for group health insurance premiums.

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2022 Health Insurance Outlook, Changes

InterWest Insurance Services

HDHP telehealth services — The CARES Act, signed into law in 2020 after the pandemic started, temporarily allowed high-deductible health plans to pay for telehealth services before an enrollee had met their deductible. 1, 2022, HDHPs must charge enrollees for telehealth services if they have not yet met their deductible. .

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Basics of Tax-Efficient Investing

Money Talk

Consider Tax-Saving Gifts - Only about 10% of taxpayers today can itemize deductions and it generally requires a plan to aggregate sufficient deductible expenses that exceed the standard deduction amount ($12,950 for singles and $25,900 for married couples filing jointly).

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Little-Known Things to Consider When Shopping for Group Health Insurance

Insperity

If you’re shopping for group health insurance for your company the first or second time around, it can be hard to make a confident choice. Not to mention, the Affordable Care Act (ACA) has changed the group health insurance market considerably. High-deductible health plans.

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Election year impact: What’s next for employee benefits?

WEX Inc.

The ACA in particular, introduced a fundamental change to the rules governing how employers offer health insurance. However, Byrd said that despite these changes, the percentage of working-age Americans receiving health insurance through their employer has remained relatively stable over time.

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Considerations when choosing a health plan for the first time

WEX Inc.

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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It’s Time for a Mid-Year Financial Check-Up

Money Talk

In it, I urged a review of tax deductions/credits, tax withholding, budgeting/cash flow, flexible spending accounts, financial goal progress, and investment portfolio status. Now is a good time to explore money-saving strategies to reduce insurance costs. Automated Payments Review - Payments for utilities (e.g.,

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