FSA

Report: Accommodations for Disabled Employees Are Inexpensive

Report: Accommodations for Disabled Employees Are Inexpensive

The Americans with Disabilities Act, now more than 30 years old, requires employers to make reasonable accommodations for employees with disabilities. Many employers may be concerned about the cost of making those accommodations. However, a recent government study...

The Beacon – July 14, 2023

The Beacon – July 14, 2023

MZQ Beacon Alert - July 14, 2023 In this Edition: "Late last week, the Departments of Health and Human Services, Labor; and Treasury (the Departments) published a set of FAQs that clarify how certain surprise billing protections interact with the Affordable Care Act's...

The Risk Report – July 2023

The Risk Report – July 2023

Download Volume 5, Issue 7 of The Risk Report In this Edition: Firms expect higher premiums, little to no cost-shifting Pregnant Workers Fairness Act Insurers pushing virtual care for cost savings Hospital Indemnity Insurance a key voluntary benefit Download the...

Employers Expect Higher Premiums, Little to No Cost-Shifting

Employers Expect Higher Premiums, Little to No Cost-Shifting

Employers who were surveyed for a new report expected that group health insurance premiums would increase 5.4% this year and at a faster clip in 2024 as inflation hits medical costs. Employers said they are looking to manage growing group benefit costs without...

More Insurers Pushing Virtual Care for Cost Savings

More Insurers Pushing Virtual Care for Cost Savings

More and more insurers are expanding the use of telemedicine, just as a new study shows promising cost savings of up to 25% from virtual care when implemented properly. The latest insurer to announce an expansion of its telemedicine offerings is UnitedHealthcare,...

ACA Employer Mandate Penalties on the Rise

ACA Employer Mandate Penalties on the Rise

The penalties for not offering health insurance to your employees if you have 50 or more full-time or full-time equivalent employees in violation of the Affordable Care Act are set to rise again next year. The IRS has increased the fines for employers that fail to...

Insulin Makers Cap Prices for Insured Individuals

Insulin Makers Cap Prices for Insured Individuals

Three drugmakers, which account for roughly 90% of the insulin in the U.S. market, in March 2023 announced that they will cap the cost of insulin for people with private insurance plans. That includes those on employer-sponsored group health plans and plans purchased...

New Anti-Obesity Drugs Put Employers in a Quandary

New Anti-Obesity Drugs Put Employers in a Quandary

A surge in demand for pricey, new and highly effective anti-obesity medications could put a financial strain on employers who sponsor their employees' health plans. Employers have long offered coverage for certain weight loss tools, such as bariatric surgery if...

2024 HSA Contribution Limits, HDHP Minimums, Maximums Set

2024 HSA Contribution Limits, HDHP Minimums, Maximums Set

The IRS has raised the maximum amount employees can funnel into their health savings accounts by 7.8% for 2024, the largest increase ever, brought to you by inflation. The IRS updates this amount annually, along with minimum deductibles as well as the out-of-pocket...