July 26, 2022

When choosing a healthcare plan, you may come across a few options. One of these plans is a high deductible health plan (HDHP). The other is a preferred provider organization (PPO). Employers typically offer both of these options. Each has its pros and cons, which can make deciding between them a challenge. Selecting the right […]

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ACA Limits Have Increased for 2023: Time to Start Planning

June 21, 2022

The Department Health and Human Services Announced Increased Health Plan Out-of-Pocket Limits by Over 4% The 2023 Health Insurance renewal season is under way and those employers that are currently at the Affordable Care Act (ACA) limits will find additional room in their plan designs for the upcoming 2023 plan year. The Department of Health […]

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Supply and Demand: Why Are Healthcare Costs Rising?

March 1, 2022

The U.S. spends $4.1 trillion a year on healthcare — more than any other country in the world — and that number is steadily rising. Internal factors within the healthcare system are driving prices up. Meanwhile, the combination of an aging population, unaddressed health issues and COVID-19 is straining the system like never before. The […]

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Attracting Top Talent & Reducing Employee Turnover with Better Benefits

February 23, 2022

By now you have been made aware that we are in the midst of a Great Resignation. In 2021, employee turnover reached an all-time high- but why? The Pandemic was a major factor in the high employee turnover experienced in 2021, but it isn’t the only factor. According to a survey by Joblist the top […]

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How Section 105 Medical Reimbursement Plans Save on Taxes

February 1, 2022

How Section 105 Medical Reimbursement Plans Save on Taxes Many employers choose Section 105 medical reimbursement plans to save on taxes. Employers and employees alike can benefit from Section 105 plans, but the specific benefits your company can enjoy depend on your organization’s needs. If you are an employer looking to learn more about an […]

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At-Home COVID-19 Testing Now Covered by Insurance

January 14, 2022

Effective January 15, Health Insurers must cover the cost of COVID-19 testing kits. Beginning Saturday, January 15, individuals with group and private health insurance coverage may ask for reimbursement for up to eight at-home COVID-19 test kits per month. According to the Department of Health and Human Services, individuals who purchase over the counter COVID-19 […]

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PCORI Fees Announced for 2022 for Self-Insured Health Plans

December 28, 2021

Patient-Centered Outcomes Research Institute (PCORI) Fees Updated by IRS The IRS released Notice 2022-4 in December 2021, which updated the amount of the Patient-Centered Outcomes Research Trust Fund fee that self-insured health plans must pay for plan years ending on or after October 1, 2021, and before October 1, 2022. The applicable dollar amount for […]

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What the new IRS 2022 Cost-of-Living Adjustments Mean for Your Benefit & Retirement Accounts

November 18, 2021

The IRS has released its 2022 cost-of-living adjustments (COLAs) in response to inflation- which can impact certain benefit accounts, retirement plans and other programs.  A wide variety of tax-related benefit accounts will see a change in their limits for 2022 including FSAs, qualified fringe transportation and parking benefits, qualified small employer health reimbursement arrangements (QSEHRAs), […]

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Reminder: PCORI Fees are Due by July 31, 2021

June 24, 2021

Don’t forget to file by the July 31st deadline   What are PCORI Fees? Under the Affordable Care Act (ACA), most employer sponsors and insurers are required to pay PCORI fees until 2029, as it applies to plan years ending on or before September 30, 2029. The PCORI fee imposed on sponsors of a self-insured […]

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