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As we enter 2022, there are a number of changes on the horizon that plan sponsors need to be aware of as they will affect group health plans as well as employeesenrolled in those plans. The CAA created a number of new requirements that affect healthinsurance and coverage. More guidance coming. 1, 2022.
GoCo is a platform that offers a comprehensive suite of employee benefits solutions to businesses of all sizes. With a user-friendly interface, employees can easily view and enroll in benefits, submit time-off requests, and manage their personal information. One of the key benefits of GoCo is its ease of use.
Open enrollment is underway for many companies right now and one benefits offering that may be on the menu this year is an FSA. FlexibleSpending Accounts allow employees to set aside pre-tax dollars from their paycheck to use for medical or dependent care expenses. Healthinsurance premiums including COBRA premiums.
Are you offering your employeeshealthinsurance 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. However, they cannot typically be used to cover premiums.
This may be a good option for employers that want to simplify their health plan administration while giving employeesflexibility. Integrated health reimbursement arrangements are designed to work with the group health plan. A health reimbursement plan gives employers a way to cover these costs.
High deductible health plans (HDHPs) are on the rise as a growing number of employers turn to consumer-directed health plans to try to curb costs—the portion of employeesenrolled in HDHPs rose from 26.3% In the push toward more consumerism, it’s imperative that employees understand how an HSA works.
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