Employee Benefit News

DECEMBER 10, 2024

Having health insurance doesn't necessarily keep people with high or ongoing medical costs out of debt.

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PeopleKeep

JUNE 12, 2024

Traditional group health insurance is a type of health insurance plan employers offer their employees and their families at a discounted premium rate. Because of its familiarity and tax benefits, group health insurance is a sought-after employee benefit.

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Health Insurance Insurance Taxes Employee Benefits 105

Achievers

NOVEMBER 29, 2024

Competitive compensation and Benefits: Regularly reviewing salaries, providing comprehensive benefits packages , and offering perks such as health insurance, retirement plans, and stock options demonstrate the company’s commitment to employee well-being and financial security. What is incentive theory?

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Bonuses Retirement Plan Health Insurance Benefits Package 256

Best Money Moves

SEPTEMBER 25, 2024

American families are in the midst of a healthcare crisis and employer-sponsored health insurance can’t keep up. Even with support from employee health insurance programs, millions of American families cannot afford the full care they need. These are the best strategies employers can use to help. copay or deductible).

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Healthcare Health Insurance Medical Insurance 105

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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PeopleKeep

JULY 24, 2024

For small employers , in particular, it's hard to find affordable health insurance. According to KFF 1 , in 2023, the average annual cost of employer-sponsored health insurance premiums per employee was $23,968 for family coverage and $8,435 for single coverage.

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HR Lineup

SEPTEMBER 24, 2024

Benefits Administration: Offering competitive benefits such as health insurance, retirement plans, paid time off, and wellness programs. Self-service benefits management: Employees can log into portals to view and manage their benefits, including health insurance, retirement plans, and paid time off (PTO).

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PeopleKeep

MAY 14, 2024

Instead of offering a costly group health plan, one tactic they may consider is offering to pay employees' individual health insurance costs. While it may seem like a generous and attractive perk for employees, employers need to consider several factors before deciding to pay for individual health insurance plans.

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Employee Benefits

NOVEMBER 2, 2023

More than four million people are now covered by health insurance through their employer, according to data from the Association of British Insurers (ABI). The number of employees benefitting from health insurance increased by 8% from four million in 2021 to 4.4 million in 2022. The post 4.4

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Take It Personel-ly

JULY 29, 2021

The present lifestyles of people are making them sick more often. You sit for endless hours in front of the computer to finish your work. In the covid situation, you cannot step outside your house. Going to the office has been forbidden for many people. You too must be facing the same situation. The sedentary […].

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InterWest Insurance Services

NOVEMBER 18, 2024

A new wave of class-action lawsuits is targeting employers that apply health insurance premium surcharges to employees who use tobacco, accusing them of discrimination and violating the Employee Retirement Income Security Act (ERISA), according to two new blogs by prominent law firms. Restitution of all surcharge amounts charged.

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Employee Benefit News

MAY 22, 2024

Executives from SureCo discuss how employees can buy their own plans directly from carriers, without losing employer support.

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PeopleKeep

OCTOBER 4, 2024

Group health insurance remains a popular employer-sponsored benefit in the United States. But traditional group health plans are too costly for many employers. With this type of HRA, employers can reimburse employees tax-free for their individual health insurance premiums and other qualified out-of-pocket costs.

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InterWest Insurance Services

OCTOBER 31, 2024

Simple health insurance is insufficient to carry the load. Over 80% of middle-market respondents report that they got their health insurance, disability insurance and retirement plan all through their employer. Meanwhile, six in 10 have no life insurance in place outside of the workplace.

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PeopleKeep

NOVEMBER 5, 2024

Small employers are increasingly seeking innovative ways to provide their employees with health benefits amid rising health insurance costs. The qualified small employer health reimbursement arrangement (QSEHRA) is a popular solution. They provide valuable flexibility and budget control.

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HR Lineup

APRIL 11, 2023

Employee benefits are non-wage compensations that are provided by employers to their employees, which may include health insurance, retirement plans, and vacation time. These services can include the provision of benefits such as health insurance, retirement plans , and other non-wage compensations.

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Achievers

DECEMBER 16, 2019

That’s the case for any employee benefit, from time off to healthcare to flexible work arrangements to workers’ comp insurance. Naturally, most businesses can’t afford the king suite of benefits—unlimited PTO, free insurance, etc. Health insurance. “I don’t really care about my employee benefits,” said no employee ever.

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Employee Benefits 401(k) PTO Benefits Package 309

Money Talk

DECEMBER 16, 2021

One category is health care, which takes a big chunk out of family budgets. This includes expenses for health insurance as well as deductibles, copayments, and coinsurance when medical bills occur. In 2018, the average American household spent almost $5,000 per person on health care.

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HR Lineup

JANUARY 29, 2024

Deductions: Federal and state taxes Social Security and Medicare contributions Health insurance premiums Retirement contributions 4. Health Insurance, Retirement, and Other Deductions: Deduct any employee contributions to health insurance, retirement plans , or other voluntary deductions.

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HR Lineup

OCTOBER 18, 2023

This software is a comprehensive platform that allows HR professionals, benefits managers, and employees to efficiently manage, access, and make decisions regarding benefits such as health insurance, retirement plans, leave policies, and more. It offers automated benefits administration, including health insurance and retirement plans.

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Software Retirement Plan Health Insurance Payroll 246

McDermott Will & Emery Employee Benefits

MAY 20, 2024

According to this Politico Pro article, private equity groups are disproportionately benefiting from the No Surprises Act, and the law may inadvertently lead to higher health insurance premiums. A legislative fix to surprise medical billing is not working the way lawmakers imagined it would work. Access the article.

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PeopleKeep

NOVEMBER 15, 2023

In response to this, catastrophic health plans have emerged as an alternative option for those who are relatively healthy and primarily seeking coverage in case of major medical events. Healthcare costs continue to rise , making it increasingly difficult for people to find affordable coverage.

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Money Talk

SEPTEMBER 1, 2021

It will also charge unvaccinated employees $200 monthly health insurance premium surcharges starting November 1. As noted above, unvaccinated workers may see their health insurance premiums increase. I’ve been thinking a lot lately about COVID-19. It tells the true story of an unvaccinated person who recently died.

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Money Talk

MARCH 31, 2022

Below is a description of eight key topics that were discussed: Adequate Health Insurance - Health issues are a big drain on even the best laid financial plans because “the greatest wealth is health.” Older adults worry about health care costs and how much their health insurance will cover.

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Health Insurance Finance Insurance Education 189

Employee Benefit News

JANUARY 31, 2024

Brandon Weber, CEO of Nava Benefits, shares why healthcare brokers must audit carrier bills for open enrollment errors.

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Money Talk

AUGUST 10, 2022

Medicare - Older adults age 65+ who are on Medicare, begin working again, and receive primary creditable employer-provided health insurance coverage (i.e., Bottom Line: If you are considering “unretirement,” be sure to cover your financial bases, especially budgeting, taxes, and health insurance.

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Disability Insurance Taxes Health Insurance Pension 246

Money Talk

DECEMBER 29, 2021

Insurance- COBRA premium assistance for health insurance was provided under the American Rescue Plan Act and Medicaid enrollment surpassed 80 million. There were also large premium increases nationwide for homeowners and flood insurance. The final moratorium ended on 8/26/21 with a Supreme Court ruling.

Finance 363

Finance Taxes Insurance Retirement Plan 363

Money Talk

OCTOBER 11, 2023

Tax Write Off for Health Insurance - On line 17 of Schedule 2, self-employed workers can take an “above the line” deduction for health insurance, which lowers their AGI. The researchers concluded there are substantial health and well-being benefits to self-employment.

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Employment Deductible Deductions Taxes 215

HR Lineup

APRIL 10, 2023

HR professionals are responsible for managing employee benefits programs, such as health insurance, retirement plans , and paid time off. HR professionals also manage employee benefits programs, such as health insurance , retirement plans, and paid time off. The post What Does HR Do All Day?

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HR Digest

MARCH 12, 2025

These perks, often discretionary, supplement an employees paycheck and can range from health insurance to gym memberships, company cars to childcare assistance. Meanwhile, a nonprofit might lean on robust health insurance and student loan repayment assistance to compete with corporate salaries. What are fringe benefits?

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401(k) Health Insurance Taxes Retirement Plan 52

Money Talk

JULY 25, 2024

Don’t Overlook Health Insurance Tax Premiums - Self-employed older adults who pay their health insurance premiums (including Medicare) may be eligible to deduct these expenses as an adjustment to gross income. office supplies, equipment, travel, marketing, and professional services). of net business income.

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Employment Health Insurance Pension Deductible 162

HR Digest

OCTOBER 21, 2024

The CVS workers’ strike in California began on Friday and continued over the weekend, the conflict occurring over matters of pay and health care. The spokesperson also added that they have arrived at “tentative agreements” to increase pay and the company contributions to employee health insurance.

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Retail Health Insurance Food Insurance 98

HR Lineup

MARCH 1, 2022

An EAP HR program offers short-term and confidential support on various problems including mental and physical health, legal and financial problems. According to current figures, they cost about 1% of what you’d otherwise pay yearly for your employee health insurance. What is an EAP? You might end up losing cash and business.

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Health Insurance Insurance Employee Retention Employee Wellness 246

Money Talk

APRIL 20, 2023

health insurance). Off-Farm Job Employer Benefits - These include a defined benefit pension, an employer retirement savings plan (e.g., 401(k), 403(b), 457 plan, and thrift savings plan), and other employer benefits (e.g., Rental Income - Some farmers supplement their income by collecting rent for the use of their land, buildings (e.g.,

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401(k) Pension Retirement Plan Taxes 246

Patriot Software

JUNE 14, 2024

From traditional benefits, like health insurance, to newer benefits, like student loan repayment, you’re always looking for the next best thing. Benefits matter to 81% of employees, which means your benefits package is an important recruitment and retention tool. Have you heard of employee assistance program (EAP) benefits?

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Health Insurance Benefits Package IT Insurance 93

Money Talk

MARCH 24, 2022

Retirement Spending - Expenses likely to increase in later life include medical/dental expenses, health insurance premiums (e.g., I recently taught a 90-minute personal finance class for women age 50+. Medicare Part B and Medigap policy premiums), travel and entertainment, and philanthropy/gifts.

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401(k) Finance Entertainment Taxes 278

InterWest Insurance Services

JANUARY 9, 2025

Group Health Plan Trends for 2025 As health insurance costs continue to rise at an uncomfortable pace, employers in 2025 plan to shake up the status quo with their health care vendors, particularly those focused on reducing pharmacy spend, a main cost driver, according to a new report.

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