6 Key Employee Benefits Trends for 2023

Categories: Health Care | by admin

Over the last few years, almost every aspect of the workplace has changed, leading to many unforeseen challenges. Unfortunately, many of the challenges that plagued workplaces in 2022 will likely continue in 2023 and beyond. In particular, current labor challenges …

The Trendiest Benefits for 2023

Categories: Health Care | by admin

There’s no denying that employees’ needs have changed over the past few years. As such, employers can offer benefits to meet evolving worker needs shaped by lingering effects of the COVID-19 pandemic, a tight labor market and rising inflation. Many …

Employers Expect Major Increases to Health Care Costs in 2023

Categories: Health Care | by admin

In 2022, most employers’ health care costs increased. According to recent industry data, current signs are also pointing to significantly higher health care costs in the upcoming year. Employers now face the difficult task of reigning in rising health care …

Inflation’s Impact on 2023 Open Enrollment

Categories: Health Care | by admin

Many employees are currently feeling financially strained because of inflation. With open enrollment fast approaching, inflation could impact the choices employees make when it comes to their benefits. Employees are likely considering which benefits matter the most and how to …

How Employers Can Address Social Determinants of Health

Categories: Health Care | by admin

Efforts to improve health outcomes have traditionally focused on expanding access to the health care system. Recently, there has been an increased focus on improving health outcomes by taking a broader approach due to the challenges of affordability and access …

Strategies for Avoiding Litigation Over COBRA Notices

Categories: Health Care | by admin

Employers are seeing an increase in lawsuits from former employees alleging deficient Consolidated Omnibus Budget Reconciliation Act (COBRA) election notices. These lawsuits are generally class actions and can result in significant attorneys’ fee awards for successful ex-employees. Understanding current COBRA …

Containing Costs of Chronic Health Conditions

Categories: Health Care | by admin

Chronic conditions are health conditions that require ongoing management over an extended period of time. Some have very few symptoms, while others severely limit a person’s ability to perform everyday, routine tasks. Regardless, chronic conditions may deeply affect those who …

HSA/HDHP Limits Increase for 2023

Categories: Health Care | by admin

On April 29, 2022, the IRS released Revenue Procedure 2022-24 to provide the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2023. The IRS is required to publish these limits by June 1 of …

Spending Bill Extends Telehealth Coverage for HDHPs

Categories: Health Care | by admin

A spending bill signed into law on March 15, 2022, extends the ability of high-deductible health plans (HDHPs) to provide benefits for telehealth or other remote care services before plan deductibles have been met without jeopardizing health savings account (HSA) …