Healthcare and financial wellness benefits have long been considered separate entities within the employee benefits landscape. However, as the cost of healthcare continues to rise and the economic impact of inflation affects employees’ wallets,
Employee contracts these days often contain a variety of employee benefits. Creating a competitive employee benefits package for your business can be difficult. By law, you must provide certain benefits as an employer, such
While each of these health plans has its own set of benefits and drawbacks, it’s up to you to pick which one is best for you. You need to consider your company’s budget, employee
You must have a group to buy group health insurance. In other words, a single person cannot join this type of plan. But, small businesses can have as few as two people in their
The Patient-Centered Outcomes Research (PCOR) fee filing deadline is August 1, 2022, for all self-funded medical plans and HRAs for plan years ending in 2021. The IRS issued Notice 2022-04 announcing the adjusted fee
The Health Savings Account (HSA)/High Deductible Health Plan (HDHP) limits for the calendar year 2023 are: Annual Contribution Limit Self-Only Coverage: $3,850 Family Coverage: $7,750 HDHP-Minimum Deductible Self-Only Coverage: $1,500 Family Coverage: $3,000 HDHP-Maximum
Unlike traditional PPO plans, reference-based pricing doesn’t require the use of a network. The plan reimburses the same amount—no matter which health care provider members choose. So there’s no need to worry about out-of-network
Hoping to start a family someday is a priority for many people, even if it’s not always a part of daily workplace banter. However, one in eight U.S. couples experience infertility. Growing a family becomes an
What’s the difference between a PPO and HMO? Having a PPO, you can go to any health care professional you want without a referral, inside or outside of the plan network. However, keep in
The Biden Administration released a proposed rule to fix the family glitch. Back in 2021, the President issued an Executive Order asking federal agencies to strengthen the Affordable Care Act. This proposed rule is being used to revise
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