One of the main recommendations for employees with 401(k) plans is that they should contribute at least enough to their plan every paycheck to ensure they receive the maximum they can in their employer's matching contributions. But a new study by Willis Towers Watson...
ICHRA
Addressing Pandemic Fatigue Among Your Staff
As the country and our businesses continue trudging along and hope that vaccines will pave the way out of the COVID-19 crisis, employers are increasingly seeing the effects of pandemic fatigue among their workers. The same issues people are grappling with in their...
Fast and Furious: Highlights from the new transparency rules and Legislative Updates
Jessica Waltman, VP of Compliance for MZQ Consulting, reviews the new health care pricing transparency rules and other legislative updates. https://www.youtube.com/watch?v=cIHHxwsVVrU https://www.youtube.com/watch?v=63O6RkoSKY4...
HDHPs Do Not Slow Down Health Care Spending: Study
A new study has found that high-deductible health plans have only a limited effect on the growth of health care spending for people who sign on for these plans. The National Bureau of Economic Research researched HDHPs over a period of four years and found they failed...
The Risk Report – April 2021
Download Volume 3, Issue 4 of The Risk Report In this Edition: The COBRA SubsidyHDHP's do not slow spending growthHow COVID will change employee benefits IRS allows flexibility with FSA contributions Download the Report
100% COBRA Subsidy in Effect Through Sept. 30
The recently enacted American Rescue Plan Act of 2021 includes a 100% COBRA subsidy for up to six months for employees laid off during the COVID-19 pandemic. The subsidy is in effect through September 30. Due to the short ramping up period, it's imperative that...
Group Health Plans Must Cover COVID-19 Testing for Asymptomatic People
The Centers for Medicare and Medicaid Services announced in late February that private group health plans cannot deny coverage or impose cost-sharing for COVID-19 diagnostic testing, regardless of whether or not the patient is experiencing symptoms or has been exposed...
HHS Proposes Higher Cost-Sharing Limits for 2022
The Department of Health and Human Services has proposed cost-sharing limits that would apply to all Affordable Care Act-compliant health insurance policies for the 2022 policy year. The ACA imposes annual out-of-pocket maximums on the amount that an enrollee in a...
2021 NextGen Healthcare Summit – Session Recordings
Nationally recognized speakers touch on the cost of inaction related to employer sponsored health plans.
IRS Lets Employers Give Workers a Break on FSA Contributions, Health Plan Rules
New guidance from the Internal Revenue Service allows employers to temporarily give their employees extra benefits leeway in making changes to their flexible spending accounts (FSAs) and health savings accounts (HSAs). The guidance, in response to the COVID-19...