Category Archives: Health
Employee Guide to the Major Types of Health Plans
You have many choices when it comes to selecting a health insurance plan, which can make the process feel overwhelming. Health plans vary and have their own sets of benefits and drawbacks related to coverage, physicians, copays and premiums, among … Continue reading
PRIORITIZING WELLNESS DURING THE 2022-23 SCHOOL YEAR
Many may be excited for school to start after a long summer. However, the new school year can come with new and recurring challenges. The 2022-23 school landscape looks different from previous years during the COVID-19 pandemic. Mask mandates are … Continue reading
Inflation Reduction Act Contains Some Health Reforms
On Aug. 12, 2022, the U.S. House of Representatives passed the Inflation Reduction Act. President Joe Biden is expected to sign it into law shortly. While this bill is primarily aimed at fighting inflation and reducing carbon emissions, it also … Continue reading
Pay or Play Affordability Percentage Decreased for 2023
On Aug. 1, 2022, the IRS issued Revenue Procedure (Rev. Proc.) 2022-34 to index the contribution percentages in 2023 for determining the affordability of an employer’s plan under the Affordable Care Act (ACA). For plan years beginning in 2023, employer-sponsored … Continue reading
2023 Open Enrollment Checklist
To prepare for open enrollment, group health plan sponsors should be aware of the legal changes affecting the design and administration of their plans for plan years beginning on or after Jan. 1, 2023. Employers should review their plan documents … Continue reading
MANAGING STRESS AND ANXIETY DURING TROUBLING TIMES
Tuning into the news may be highly stressful or upsetting for many Americans. If you’ve been experiencing stress or anxiety due to current events, you are not alone. Stress is part of everyday life, but it can be particularly heightened … Continue reading
Combating Rising Benefits Costs During Periods of High Inflation
The U.S. inflation rate has increased by 8.3% over the last year, according to the Bureau of Labor Statistics (BLS). This has led to significant price increases across various consumer goods as well as employee benefits such as health insurance. … Continue reading
MENTAL HEALTH MATTERS
Mental health—your mental and emotional well-being—can change over time due to factors like workload, stress and work-life balance. Below is a Infographic that can be sent or printed out to help spread awareness on the impacts our mind can have … Continue reading
2023 HSA Contribution Limits, HDHP Deductible, and Out-of-Pocket Limits
In Rev. Proc. 2022-24, the IRS released the inflation adjusted amounts for 2023 relevant to Health Savings Accounts (HSAs) and high deductible health plans (HDHPs). The table below summarizes those adjustments and other applicable limits. 2023 2022 Change Annual … Continue reading
Tips for Reducing Your Health Care Costs in 2022
Health care costs continue to rise each year, and 2022 will likely be no exception. In the new year, experts predict a 6.5% increase in medical expenses alone. That’s why it’s important for you to take steps to reduce health … Continue reading
