InterWest Insurance Services

MAY 16, 2024

After enrollment in high-deductible health plans soared during the last decade, 2022 marked the first year that enrollment in these plans fell among American workers since 2013, according to a new report by ValuePenguin. workers signed up for HDHPs in 2022, compared to 56% in 2021. The insurance-review website found that 54% of U.S.

401(k) 87

401(k) Deductions Deductible Health Savings Account 87

Workplace Insight

SEPTEMBER 12, 2023

Most workers are concerned about poor indoor air quality and close to half think its damaging their health, according to a new survey conducted by Opinium for Spiralite. According to the poll, British workers are mostly concerned about the impact of air-quality on their health (64 percent concerned compared to 36 percent not concerned).

Government 116

Government Medical IT Management 116

Attorney Charlie Hall

AUGUST 15, 2021

As of 2019, there were 64 million Americans, including disabled workers, retired workers, and survivors receiving benefits from the Social Security Administration (SSA). The SSA evaluates disability claims using its own medical experts and claims examiners. WHAT IS SOCIAL SECURITY DISABILITY? DEFINITION OF DISABILITY.

Medical 228

Medical Consulting Disability Insurance Government 228

HR Digest

JULY 1, 2023

This marks the day when the Pregnant Workers Fairness Act (PWFA) came into effect, signaling a significant shift in the landscape of worker’s rights. But, as the saying goes, “The night is darkest just before the dawn,” and the dawn has finally arrived for expectant workers. Scope: Who’s Covered?

Commissions 122

Commissions Medical Human Resources Employment 122

InterWest Insurance Services

OCTOBER 17, 2024

workers would accept a job with a slightly lower salary if it offered better health care and medical coverage. The main driver in workers prioritizing benefits is the rapidly rising cost of group health insurance premiums and out-of-pocket costs, according to the study by Voya Financial. Those funds are also not taxed.

Out of Pocket Cost 95

Out of Pocket Cost Voluntary Benefits Health Insurance Health Savings Account 95

Money Talk

MARCH 4, 2022

Catch-Up Savings Contributions - In 2022, workers age 50+ by year-end can contribute an additional $1,000 to a traditional or Roth IRA for a maximum contribution of $7,000. This same group of older workers can contribute an additional $6,500 to an employer savings plan (401(k), 403(b), 457, and TSP) for a maximum contribution of $27,000.

Taxes 245

Taxes 401(k) Deductible Deductions 245

InterWest Insurance Services

AUGUST 22, 2024

Voluntary group life insurance is offered to employees as an optional benefit, and often employers will pay the small premium as an employee retention tool and to provide workers some peace of mind for their families. Guaranteed underwriting requires little paperwork, there is no medical exam and it is issued quickly.

Life Insurance 91

Life Insurance Insurance Medical Deductible 91

InterWest Insurance Services

APRIL 23, 2024

The average age of a construction worker is now in the 40s. The nature of construction work presents many hazards for workers, many of which may not appear until late into a person’s career. Risk factors for older workers Lower-back injuries are a common injury experienced among construction workers. A study of U.S.

Construction 85

Construction Medical Commissions Health Insurance 85

InterWest Insurance Services

MAY 7, 2024

The organization that helps set workers’ compensation rates in California will recommend that benchmark rates increase 0.9%, with effect from Sept. If you have questions about your workers’ compensation coverage, please call us anytime. We’ll keep you posted at the time.

Insurance 83

Insurance Medical Government IT 83

InterWest Insurance Services

JUNE 6, 2024

After enrollment in high-deductible health plans soared during the last decade, 2022 marked the first year that enrollment in these plans fell among American workers since 2013, according to a new report by ValuePenguin. workers signed up for HDHPs in 2022, compared to 56% in 2021. The insurance-review website found that 54% of U.S.

401(k) 76

401(k) Deductions Deductible Health Savings Account 76

Pacific Prime

MAY 8, 2024

Home-based workers refer to employees who are allowed to work from home. The post Top 5 Perks for Home-Based Workers appeared first on Pacific Prime's Blog. Some examples of jobs that allow people to work from home include translators or graphic designers. On the other hand, working from home also means there is potential.

Work From Home 98

Work From Home Transportation Health Insurance Medical 98

InterWest Insurance Services

NOVEMBER 30, 2023

American employers are trying to meet their workers’ mental health needs as they struggle with burnout and stress from their jobs and finances, according to a new report. The annual “ Aflac WorkForces Report ” found that more than 50% of American workers experience burnout in their workplace. Paid sick leave.

Paid Sick Leave 88

Paid Sick Leave Employment Bonuses Medical 88

Employee Benefit News

DECEMBER 5, 2023

At Fitzgibbon Hospital in Missouri, a beloved employee benefit helps workers manage medical costs, interest-free.

Hospitality 85

Hospitality Medical IT Employee Benefits 85

InterWest Insurance Services

SEPTEMBER 26, 2023

Workers’ compensation fraud costs the insurance industry roughly $5 billion each year, according to estimates by the National Insurance Crime Bureau. Depending on whom you ask, fraud accounts for as much as 10% of the costs of all workers’ comp claims. Misses medical appointments. Disgruntled employee.

Paid Vacation 83

Paid Vacation Insurance Medical Deductible 83

Money Talk

JUNE 8, 2022

Arrange Tax Withholding Services - Employers withhold income taxes based on information that workers submit on Form W-4. Self-employed workers generally submit quarterly estimated tax payments or over-withhold taxes at their “day job.” Use the IRS Tax Withholding Estimator to check if withholding is adequate. In other instances (e.g.,

Taxes 278

Taxes Pension Deductible Deductions 278

Money Talk

AUGUST 18, 2022

During this “Great Resignation” era when many workers are changing jobs or considering a job change, it is more important than ever to consider various types of employee benefits and their economic value. employee benefits generally equal 25% to 50% of a worker’s gross pay. Some employers allow workers to accumulate sick leave.

Family and Medical Leave Act 186

Family and Medical Leave Act Employee Benefits Paid Vacation Paid Sick Leave 186

InterWest Insurance Services

NOVEMBER 2, 2023

A new study’s findings that many workers have a poor understanding of their employer-sponsored health insurance benefits, presents an opportunity for businesses to extend targeted support to staff during open enrollment. The study authors recommend a return-to-basics approach during open enrollment for these workers.

Health Insurance 87

Health Insurance Deductible Deductions Insurance 87

InterWest Insurance Services

AUGUST 6, 2024

And while drug costs are rising, some of the medications may actually reduce future health care costs for those taking them. While these medications may make it difficult for health plans to manage their costs, the report notes that despite the initial cost, health plans may see reduced medical costs as patient health improves.

Pharmaceutical 83

Pharmaceutical Health Insurance Medical Insurance 83

InterWest Insurance Services

JULY 4, 2024

workers choosing high-deductible health plans has leveled off during the last two years, uptake has been growing rapidly among one segment of the working population: Gen Z employees. One of the keys to a successful employee benefits program is to ensure that your workers are all choosing a plan that is best for their life situation.

Voluntary Benefits 81

Voluntary Benefits Flexible Spending Account Deductible Deductions 81

The Workcomp Writer

DECEMBER 29, 2021

The board had broad discretion, but it could not ignore uncontradicted medical opinion. Claimant, who had a long career as a firefighter, filed a claim for workers’ compensation benefits in 2018, alleging that he suffered PTSD brought on by “countless horrific, work-related emergency situations” that he had encountered during his long career.

Medical 126

Medical Workers’ Compensation Employment IT 126

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. Today, unemployment rates are at a historic low, so many workers now have the freedom to choose where they want to work. When it comes to employee benefits, if your business can offer it, employees want it.

Employee Benefits 287

Employee Benefits 401(k) PTO Benefits Package 287

Money Talk

DECEMBER 22, 2021

An example is pensions for federal government workers and military retirees and disabled veterans. Other tax numbers that get indexed are the standard deduction, certain tax credits, and the deduction for business-related and medical mileage. Older workers age 50+ can contribute up to $27,000 with a $6,500 catch-up contribution.

401(k) 233

401(k) Pension Taxes Deductible 233

Money Talk

OCTOBER 19, 2023

Below are nine of my key take-aways from information that was provided about living well in later life and not running out of money during your lifetime: Medical Advances - Many of the leading causes of death today may no longer be as prevalent in another one or two decades due to medical research advances.

401(k) 215

401(k) Finance Medical Deductible 215

InterWest Insurance Services

DECEMBER 29, 2023

A new study has found that most employer-sponsored family health plans are increasingly unaffordable for workers due to rising costs and them footing a significant part of the premium, even with employer assistance. 5,889 at larger firms), according to KFF.

Deductions 84

Deductions Deductible Out of Pocket Cost Health Savings Account 84

Florida Workers' Comp

MAY 15, 2022

Francesca Beaudoin, a medical doctor with Brown School of Public Health presented an overview of symptoms and challenges that are alleged to be COVID related. Dr. Beaudoin mentioned that there are burden of proof challenges in general, but that these are mentioned often in the workers' compensation context. J Gen Intern Med.

Workers’ Compensation 151

Workers’ Compensation Medical Human Resources Government 151

HR Digest

JULY 18, 2024

A Senate investigation into worker injuries associated with Amazon Prime Day found that the company’s highly popular sale day has had a significant impact on the well-being of workers in the past. Another example of Amazon prioritizing productivity over safety came from the use of its automatic conveyor belts.

Medical 52

Medical Pension Commissions Retail 52

Workplace Insight

OCTOBER 17, 2023

As such, Gen-Z and millennial workers are demanding a greater focus on workplace wellness initiatives. Eye issues and vision impairment also come with indirect costs like medical expenses, absenteeism, and reduced productivity, affecting the workplace. Workers with vision impairment are also 30% less likely to be employed.

Health 100

Health Benefits Package Retail Medical 100

Money Talk

JANUARY 4, 2023

There was a four-decade high in core inflation that excludes food and energy and inflation eclipsed strong wage gains for many workers. Medical debt in collections that was subsequently repaid was removed from credit reports and Equifax reported a three-week credit scoring glitch. in January 2022, reached a year-to-year high of 9.1%

Finance 245

Finance Banking Taxes Food 245

Achievers

FEBRUARY 2, 2021

Federal and state mandated benefits include health insurance, worker’s compensation, unemployment insurance, and required leave time for caring for family and/or personal medical purposes. Health insurance, and family and medical leave, are not required for all businesses.

Employee Benefits 237

Employee Benefits Family and Medical Leave Act Employee Recognition Voluntary Benefits 237

Best Money Moves

SEPTEMBER 25, 2024

Even with insurance, many employees struggle with medical debt Despite having employer-sponsored health insurance, research has shown that many employees struggle to access healthcare. Well before the Open Enrollment period begins, spend time talking to your workers about their benefits options. Managing healthcare costs isn’t easy.

Healthcare 106

Healthcare Health Insurance Medical Insurance 106

Money Talk

JANUARY 19, 2022

For example, workers with a guaranteed pension and/or a high investment risk tolerance might want to have more stock exposure in a TDF and would chose a target date farther off in the future. These plans allow workers to contribute pre-tax income annually for out-of-pocket medical expenses and child/elder care.

Flexible Spending Account 188

Flexible Spending Account Taxes Pension Deductible 188

InterWest Insurance Services

NOVEMBER 7, 2024

The findings in the study underscore the importance for continuing education and outreach on their benefits and providing your workers the opportunity to ask questions in a private setting. The numbers were highest among Gen Z workers (43%) and millennials (37%). 20% forgot to make changes to their benefit selections by the deadline.

Deductible 77

Deductible Deductions Education Media 77

PeopleKeep

JULY 10, 2024

million Millennial workers and 17.3 Although Millennials and Gen Zers don’t use a lot of medical care compared to older generations, they want more flexible and alternative healthcare services available—like telemedicine and holistic medicines —instead of traditional options. There are 49.5 million Gen Zers in the U.S

Health Insurance 105

Health Insurance Insurance Healthcare Medical 105

Achievers

NOVEMBER 30, 2020

It’s especially important to emphasize leadership recognition given 30% of workers feel “not very” or “not at all” valued by th eir superiors. . Regular virtual R&R meetings amplify the power of recognition, and strengthen the inclusion of remote workers. Create fun campaigns and contests .

Employee Recognition 229

Employee Recognition Media Bonuses Medical 229

Money Talk

MARCH 22, 2023

Given the $10,000 cap for state and local taxes, three major areas remain for itemization purposes: mortgage interest, charitable donations, and medical expenses (e.g., Workers age 50 + can save up to $7,500 in IRAs and up to $30,000 in employer savings plans in 2023. an elective surgery) that exceed 7.5% of adjusted gross income.

Taxes 189

Taxes 401(k) Deductions Deductible 189

InterWest Insurance Services

NOVEMBER 11, 2024

With answers and feedback in hand you can create a benefits package which is more appealing to them, which in turn gives you a competitive edge when attracting and retaining workers. Employees have a right to understand the costs, so let them know how to access the free transparency tools provided online by most medical carriers.

Flexible Spending Account 79

Flexible Spending Account Pharmaceutical Health Savings Account Flexible Spending 79

Employee Benefit News

JANUARY 3, 2024

Fixed medical indemnity plans represent an affordable option for low-wage and part-time employees.

Medical 96

Medical Healthcare 96