According to the latest statistics from the American Medical Association, each person in the U.S. spends an average of $13,493 on healthcare in 2022. That’s a significant portion of many employees’ annual salaries. Businesses that cover part of these medical expenses help encourage employee loyalty while helping staff prioritize their well-being. As a side bonus, staff members […]

What you need to know about using a MERP strategy   WRITTEN BY ERIC CALCIANO, Managing Partner at New City Insurance Originally appeared on Issuu.com and featured in California Broker Magazine Looking for a robust tool for employers seeking to manage healthcare costs effectively? Take a look at Medical Expense Reimbursement Plans (MERPs). Not just […]

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 alternative way of funding medical costs, Section 105 plans, […]

There are many employer benefit funding options that maintain pre-tax status with the IRS. One common plan is referred to as an HRA, or Health Reimbursement Arrangement. Some employers allow their workers to direct payroll deductions into an FSA to cover certain medical expenses on a pre-tax basis. Others offer to purchase transit passes on […]