PeopleKeep

AUGUST 7, 2024

Health reimbursement arrangements (HRAs) are flexible and personalized health benefits that employers offer their employees to cover the cost of health insurance premiums and out-of-pocket medical expenses.

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PeopleKeep

OCTOBER 23, 2024

Thankfully, there’s an alternative: the qualified small employer health reimbursement arrangement (QSEHRA). With a QSEHRA, employees can buy their own individual health insurance policies and get tax-free reimbursements for their premiums and other medical costs.

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PeopleKeep

APRIL 22, 2024

Having a health insurance plan is an excellent way to ensure you have access to the care you need to stay happy and healthy long-term. However, depending on where you live, your health insurance—particularly an individual policy—may be more expensive than expected.

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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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PeopleKeep

APRIL 6, 2022

With the addition of the Affordable Care Act (ACA), access to affordable health insurance increased, giving more Americans agreat way to reduce unexpected medical costs to a more reasonable amount. Census Bureau says roughly 91% of all Americans are now covered by some form of health insurance. In fact, the U.S.

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PeopleKeep

DECEMBER 29, 2021

Navigating the world of health insurance can be tricky, especially if you’ve found yourself with more than one health insurance plan to figure out. While most Americans only have one plan, known as “primary” insurance, some individuals will have another plan, known as “secondary” insurance.

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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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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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Pacific Prime

OCTOBER 2, 2024

Around the globe, individuals, families, and organizations are feeling the pinch as the cost of health insurance continues to rise. The post Key Drivers of Health Insurance Premiums and Considerations for Employers appeared first on Pacific Prime's Blog.

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PeopleKeep

MARCH 26, 2021

The cost of health insurance premiums and the amount of health expenditures in the U.S. According to an online survey conducted by Bankrate , nearly a third of Americans in 2020 avoided getting medical care because they were worried about the cost.

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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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PeopleKeep

OCTOBER 2, 2024

Health insurance protects you financially when you need routine care or experience a medical emergency. But while health insurance covers many services and items, you’ll still have to pay for some expenses out-of-pocket—regardless of your insurer or plan type.

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InterWest Insurance Services

SEPTEMBER 9, 2022

Even though the majority of workers receive health insurance coverage on the job, a new survey has found that many of them understand surprisingly little about their health plans and are leaving money on the table. Most health plans do not cover out-of-network care. Despite that, 23% chose the higher premium plan anyway.

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CorpStrat

JANUARY 10, 2025

Here is how CorpStrat can help: CorpStrat is working with employers and employees to share how health insurance companies are helping those affected by the fires. Insurance carriers have staffed hotlines to help. Identifying members who may be medically impacted by smoke and fire. Affected by the SoCal Fires?

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Pacific Prime

MARCH 9, 2023

With so many flashy, new wellness benefits on the rise in the industry, it can be easy to forget about the more common perks like employee medical insurance. Employer-provided health coverage has become the standard foundation benefit for the platform of many companies.

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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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McDermott Will & Emery Employee Benefits

MAY 20, 2024

A legislative fix to surprise medical billing is not working the way lawmakers imagined it would work. 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. Access the article.

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Money Talk

SEPTEMBER 1, 2021

Below are 10 potential expenses for people who remain unvaccinated without a solid medical or other legal reason to do so. It will also charge unvaccinated employees $200 monthly health insurance premium surcharges starting November 1. Some have turned to crowd funding their medical bills on the GoFundMe website.

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InterWest Insurance Services

JULY 14, 2022

The health care sector is not immune to the effects of spiking inflation, and the increasing cost of care is likely to spill over into health insurance — but it’s uncertain by how much. Using spiking inflation as leverage. Non-labor expense per adjusted discharge rose nearly 26% compared with February 2020.

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InterWest Insurance Services

MARCH 15, 2022

Medical-related identity theft accounted for 43% of all identity theft in the United States in 2020, according to the Identity Theft Resource Center. And the majority of documents criminals steal are the same ones your employees receive from their group health insurers. This includes: Health insurance enrollment forms.

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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. What Is Pooling?

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PeopleKeep

JULY 12, 2021

As a small business owner, it’s likely that you, your family, and your employees are covered by individual health insurance policies. But at the same time, your business is growing and the question of expanding your health benefits is on the table. New to offering health benefits?

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InterWest Insurance Services

APRIL 27, 2023

A new report has found that small businesses that purchase their group health insurance online or through payroll vendors saw the largest premium hikes in 2022, significantly higher than those that went through brokers. Since 2018, individual premiums have increased by 21% while family premiums have increased by 18%.

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Insperity

MARCH 29, 2022

Health insurance is often the biggest-ticket item in any company’s benefits package, and the cost of health insurance rises on average each year , historically. Companies spend a lot of money, time and effort to make their benefits competitive and provide quality group health insurance plans to employees.

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Patriot Software

MARCH 22, 2021

Let’s face it: Health insurance is expensive. The average employer health insurance premium contribution—per employee—is nearly $6,000 (single) and nearly $15,000 (family) annually. Nearly 90% of employees value health insurance. It’s natural to weigh your options, but skipping the benefit altogether?

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PeopleKeep

AUGUST 25, 2021

If you’ve ever been shocked by an expensive medical bill and wondered how you’re going to pay it, you’re not alone. CMBC Make It reports that nearly a third of Americans have some kind of medical debt, and over half of those in debt admitted to defaulting on their bills.

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Employee Benefit News

JULY 25, 2022

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InterWest Insurance Services

MARCH 4, 2022

But while these arrangements can be a boon for workers, they can make it difficult when it comes to your workers’ group health insurance. If all of your staff are working in a single location, city or state, there are usually plenty of options for group health insurance. What you can do. The takeaway. As more U.S.

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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. Heres a breakdown: Health and Wellness Benefits These are the heavyweights of employee perks. These examples of extras arent just perks, theyre strategic levers.

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InterWest Insurance Services

MARCH 4, 2022

As rising health insurance premiums and out-of-pocket costs for health care are burdening workers, more employers are looking for ways to help their staff put aside money for those expenses. Fortunately, there is another option: a health reimbursement arrangement (HRA). Qualified medical expenses. How HRAs work.

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Achievers

DECEMBER 16, 2019

Health insurance. Here’s what they said: Of course, these are the responses to businesses that don’t offer “need-to-have” benefits like paid sick time, health insurance, or time off for vacations. When employees have decent medical coverage and paid time off to recharge and de-stress, they thrive in and out of work.

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InterWest Insurance Services

DECEMBER 10, 2024

But, while health plans will generally cover these medications for diabetes, not as many do for weight loss. The survey found that 44% of employers with 500 or more workers cover weight-loss drugs like Wegovy and Zepbound, as well as older medications in the same class like Saxenda (made by Novo Nordisk).

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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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Vantage Circle

MARCH 25, 2025

How can companies move beyond standard health insurance and create a benefits package that truly stands out? A solid benefits package has comprehensive health insurance, paid time off (PTO), retirement plans, and wellness support. Companies that think free snacks and a 401(k) match are enough? What’s next?

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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?

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PeopleKeep

DECEMBER 9, 2020

As leadership teams evaluate small business health insurance options , many want to know how they can reimburse employees tax-free for medical expenses.

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Employee Benefits

MAY 22, 2023

What is private medical insurance (PMI)? PMI is a type of insurance designed to cover medical expenses incurred during illness or injury, such as operations, consultations, diagnostic investigations and tests. The product itself has evolved over time to become a full health and wellbeing service.

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