The Centers for Medicare and Medicaid Service in late June released a series of new regulations targeted at banning surprise billing in most instances, taking aim at a scourge that ends up costing many covered individuals thousands of dollars even when they are...
As you've likely seen, either from us or in the news, on June 17th Spectrum Health and Beaumont announced a proposed merger of equals. Since that time, some opposition to the merger has started to go public. First, the statewide business-labor...
Download Volume 3, Issue 6 of The Risk Report In this Edition: Lightening Your Employees’ Premium Outlays 2022 HSA Contribution Limits, HDHP Minimums, Maximums Set PPOs Are Still the Most Common Type of Health Plan Pandemic Shines Spotlight on Voluntary Benefits //...
As this year sees increased health care spending due to pent-up demand after many people delayed medical procedures in 2020, a new report by PricewaterhouseCoopers (PwC) predicts employer medical costs will rise 6.5% in 2022. Last year was the first time that medical...
On Thursday, June 17th , the Supreme Court of the United States upheld the Patient Protection and Affordable Care Act (ACA) in a 7-2 ruling. In California v. Texas, the original plaintiffs argued that the reduction of the individual mandate penalty to $0.00 rendered...
One major repercussion of the COVID-19 pandemic is that employees are embracing the voluntary benefits their employers are offering them, but they'd like to see more choices and issues such as mental health and voluntary benefits have risen to the fore. The Hartford's...
As the labor market tightens and businesses struggle to attract new talent, many companies are starting to boost their employee benefit offerings, particularly voluntary benefits. But besides added benefit choices, what many employees want is relief from continually...
Download Volume 3, Issue 5 of The Risk Report In this Edition: COVID-19 treatment cost waivers coming to an end Few employers require COVID-19 vaccination for their workers Health plan rebates in 2021 to be second highest on record Vision coverage can reduce overall...
The IRS has set the maximum amounts employees can funnel into their health savings accounts and health reimbursement accounts (HRAs) for the 2022 policy year. The IRS updates these amounts every year to adjust for inflation in addition to minimum deductibles for...
As you will recall, the American Rescue Plan Act of 2021 (ARPA) includes a 100% COBRA subsidy for people who were laid off during the COVID-19 pandemic. As part of the law, which took effect April 1, the Department of Labor was required to issue model notices that...