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 //...
Telemedicine
Employer Medical Costs Expected to Rise 6.5% in 2022
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...
Supreme Court upholds the ACA for the third time
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...
Pandemic Brings Voluntary Benefits to Fore
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...
Tackling the Group Health Employee Premium Burden
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...
The Risk Report – May 2021
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...
2022 HSA Contribution Limits, HDHP Minimums, Maximums Set
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...
DOL Issues Model COBRA Subsidy Notices
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...
Health Plan Rebates in 2021 to Be Second Highest on Record
Group health plan insurers are expected to pay out $618 million in rebates to plan sponsors for the 2020 policy year after seeing use of health care services plummet during the COVID-19 pandemic. That's according to a Kaiser Family Foundation estimate in April, which...
How to Create a Flextime Policy
With so many people having been relegated to remote work during the COVID-19 pandemic, many employers are now wrestling with how to proceed as it starts to wane. Many companies are considering implementing hybrid, flextime work schedules after seeing success with...