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

WEX Inc.

As we approach the 2024 United States presidential election, Chris Byrd, senior vice president, health executive and, more broadly, head of Government Affairs at WEX, joined our Benefits Buzz podcast for an insightful conversation on how election years can influence employee benefits.

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Employers ‘Unwavering’ in Providing Group Health Benefits: Research

InterWest Insurance Services

Large employers are unwavering in their plans to continue offering group health plans to their workers instead of funding individual reimbursement accounts that would allow them to shop for plans on government-run exchanges, according to new research. “We liked to have control. “We liked to have control.

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Insulin Makers Cap Prices for Insured Individuals

InterWest Insurance Services

market, in March 2023 announced that they will cap the cost of insulin for people with private insurance plans. That includes those on employer-sponsored group health plans and plans purchased on a government-run exchange. Three drugmakers, which account for roughly 90% of the insulin in the U.S.

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5 Benefits to Help Employees Cope with Inflation

Best Money Moves

This assistance can come in many forms such as covering the cost of health insurance or assisted savings programs. Health care costs can often drag behind increases in consumer prices, so employees may face an increase in costs that will last throughout this year and next. Student Loan Repayment Assistance.

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Examples of fringe benefits by category

Business Management Daily

A good regular salary may have been enough years ago, back when government subsidies managed things like healthcare and retirement, but those programs have become less and less effective. HMO plans often have lower premiums and out-of-pocket costs compared to other plans. Most employees expect benefits. People want more.

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How Health Care Reform Helps People and Small Businesses Pay for Coverage

Insperity

Buying health insurance can be a costly endeavor. But now, because of health care reform’s individual mandate, not buying coverage isn’t an option. Most Americans must have health insurance or face a tax penalty. Purchase coverage through a state or federal health insurance marketplace. Copayments.

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Identify Your Workers’ Needs, Consider Costs before Open Enrollment

InterWest Insurance Services

It’s almost time for group health insurance open enrollment and your top priority should be to drive participation by helping your employees make informed decisions about their options. Typically, the higher the premium on a plan, the lower the employee’s out-of-pocket costs are.