Health insurance costs have been rising for years, and experts predict the trend will only continue. Many businesses are turning to other health insurance benefits, like self-funded health insurance plans and medical expense reimbursement plans (MERP)), to lower their spending. Self-funded and MERP products are both employer-sponsored health plans under Section 105 of the Internal Revenue Code (IRC). […]

Health insurance is a major consideration for employees. Businesses looking to hire and retain the best talent need to offer competitive benefits to motivate their team. But how do you offer affordable healthcare without driving up your expenses? Insurance producers can provide businesses with alternative insurance packages to make it easier to offer their employees […]

As healthcare prices continue to increase, employers need to find ways to lower these costs. A Medical Expense Reimbursement Plan (MERP) is a strategic tool companies use to help employees manage their out-of-pocket healthcare costs. MERP products are flexible and tax-advantaged, well-suited to small and large businesses and beneficial to both parties. By understanding the […]

When it comes to health insurance benefits for employees, businesses have various options. Most companies offer traditional health insurance plans to provide employees with standardized medical coverage. However, there are other medical insurance products to choose from that offer additional benefits. One such product is a Medical Expense Reimbursement Plan (MERP). Whether you’re an insurance […]

Understanding the ins and outs of healthcare can feel like a complex puzzle. Rising healthcare costs that traditional insurance can’t always cover raise some challenges for insurance producers and employers. However, there are ways of combating high healthcare costs. For insurance providers, understanding medical expense reimbursement plans (MERPs) is key to offering clients a way to […]

Many families worry whenever they have to deal with medical conditions and associated medical expenses. In 2023, the annual medical cost for a family of four in the U.S. was $31,065. To provide relief from medical expenses, employers offer various forms of healthcare plans or benefits for their employees. In addition to the traditional group health insurance, […]

Healthcare in the USA is becoming increasingly costly and complex for employers, employees and insurance companies. According to a 2023 report by KFF, the average annual premium for employer-sponsored family health coverage reached $23,968, marking a 7% increase from the previous year. As healthcare expenses continue rising, finding comprehensive cost-containment strategies has become increasingly crucial […]

Health insurance can be a significant expense for small businesses, but employers don’t have to forego this competitive employee benefit to save costs. Instead, they can use a medical expense reimbursement plan to bridge the gap between offering nothing or a full-fledged health care plan. MERPs also bring other advantages besides helping employers afford to […]

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 […]

Lo que debe saber sobre el uso de una estrategia MERP ESCRITO POR ERIC CALCIANO, Socio Director de New City Insurance Publicado originalmente en Issuu.com y publicado en California Broker Magazine ¿Busca una herramienta sólida para las empresas que desean gestionar eficazmente los costes sanitarios? Eche un vistazo a los planes de reembolso de gastos médicos (MERP). No sólo [...]