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

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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

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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) …

How to Personalize Your Employee Benefits Offerings

Categories: Health Care | by admin

Each workforce is comprised of unique individuals with diverse backgrounds and interests. So why opt for a one-size-fits-all benefits package? Instead, consider providing benefits options that are as unique as your employees. Doing so could be the attraction and retention …

3 Strategies for Reducing Health Benefits Costs in 2022

Categories: Health Care | by admin

According to a PricewaterhouseCoopers (PwC) report, medical costs are projected to increase 6.5% in 2022. That’s why employers must think strategically but creatively about how they can lower their health benefits expenses. Here are three strategies to help:

  1. Control Drug

Digital Health, Crypto, and CES

Categories: Health Care | by admin

It’s no secret that technology is at its peak importance in our daily lives, but there are ways it is shaping the world that many never thought were possible. In highlighting recent technological breakthroughs, the Consumer Technology Association (CES) has …