Category Archives: Health
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
CDC Loosens Mask-wearing Guidance for Most of U.S. Population
Recently, the Centers for Disease Control and Prevention (CDC) announced updates to its mask-wearing recommendations, loosening guidance for a majority of the U.S. population. The CDC provides COVID-19 Community Levels as a tool to help communities decide what prevention steps … Continue reading
Using Your COVID-19 Self-test
The fact sheet, below, from the Centers for Disease Control and Prevention provides information about using a COVID-19 self-test. If you would like a print out version please click this link: COVID-19_Using-Your-Home-Test-Kit Provided to you by Hoffman Insurance Group, LLC
How Employers Can Move Forward Following the OSHA ETS Block
On Jan. 13, 2022, the Supreme Court of the United States (SCOTUS) ruled to halt OSHA’s COVID-19 vaccination and testing emergency temporary standard (ETS). This means that employers are no longer required to develop COVID-19 vaccination or testing policies for … Continue reading
