Planadviser.com

Employers Face High Health Care Benefit Costs for 2021

WEBThe analysis found that employer health care costs in 2020 will likely be 3.3% to 8.8% lower than originally expected before the pandemic. In 2021, costs are …

Actived: 9 days ago

URL: https://www.planadviser.com/employers-face-high-health-care-benefit-costs-2021/

House Bills Aim to Increase Use, Contribution Amounts For HSAs

WEBThe maximum HSA annual contribution for self-only coverage is $3,850, $7,750 for family coverage. The legislation would increase the HSA contribution limit to …

Category: Health Go Health

High-Deductible Health Plan Opportunities and Challenges

WEBThe positives that come from offering an HSA, Spangher explained, are triple-tax advantaged: money goes into the account on a tax-free basis, grows tax-free …

Category: Health Go Health

IRS Sets Higher 2023 HSA Limits as Inflation Grows

WEBThe annual limitation on deductions for an individual with family coverage under an HDHP is $7,750, an increase of $450 from the 2022 limit. The limit for …

Category: Health Go Health

Evaluating HSA Providers PLANADVISER

WEBThe recordkeeper’s small plan offering for businesses with fewer than 100 employees, Simply Retirement, currently has about 2,300 plans and $200 million in …

Category: Health Go Health

2022 HSA Conference: An HSA Overview PLANADVISER

WEBA panel of experts assembled for the first session of the 2022 PLANSPONSOR-PLANADVISER HSA Conference discussed the most important …

Category: Health Go Health

How Americans’ Health Care Costs Affect Their Work and Savings

WEBA new study confirms that many Americans are struggling to pay for even basic health care, and the cost of saving is taking a variety of tolls, including heightened …

Category: Health Go Health

Strategies for Reining In Health Care Costs in Early Retirement

WEBThe firm’s annual retiree health care cost estimate, which came out in May, found that a 65-year-old couple retiring this year can expect to spend an average of …

Category: Health Go Health

Bank of America Launches New Lifestyle Spending Account

WEBEmployers decide what expenses are eligible under the program. The new offering is an expansion of Bank of America’s integrated suite of health benefit offerings, …

Category: Health Go Health

Conduent to Transfer $2.7B in HSA Assets to HealthEquity

WEBThe firms have entered into a definitive agreement to transfer $2.7 billion in HSA assets held by approximately 665,000 customers in Conduent’s BenefitWallet …

Category: Health Go Health

FSI Expands Health Insurance Program for Independent Advisers

WEBThe solution is built on national PPO plans that are available in all 50 states, with features allowing covered members to go to “virtually any doctor,” FSI says. Plans …

Category: Health Go Health

Big Increase in Health Care Costs Projected for Employers in 2024

WEBWithout implementing any employee cost-sharing increases or other cost-saving strategies, employers should expect major health care cost increases in 2024, …

Category: Health Go Health

Employees Can’t Deduct Wellness Indemnity Plans From Their …

WEBEmployees at a hypothetical business pay $1,200 in pre-tax monthly premiums into a wellness program through a cafeteria plan by way of salary deduction …

Category: Health Go Health

Hospital System Wins Ruling on Governmental Plan Status

WEBA federal court judge has dismissed a lawsuit alleging a health care system in North Carolina falsely claims to be a governmental entity, allowing it to dodge …

Category: Health Go Health

Are You Ready for Class Action Health Care Plan Fee Litigation

WEBStanding. One silver lining for employers and plan fiduciaries that end up defending ERISA class action lawsuits by plan participants and beneficiaries asserting …

Category: Health Go Health

$30 Million Settlement Reached in Lawsuit Over DB Plan Funding

WEBUnder the terms of the settlement agreement, $30 million will be paid to the plan by the hospital’s parent company, Prospect Chartercare, and other defendants.The …

Category: Health Go Health

Milliman Partners With Turquoise Health for Health Care Data

WEBMilliman, an actuarial and consulting firm, has partnered with Turquoise Health to increase health care price data transparency for market participants. Tejas …

Category: Health Go Health

Court Looks Beyond Simple Meaning of Church Plan

WEBThe plaintiff in the case Medina v. Catholic Health Initiatives argued that the court should use the plain meaning of “church” as simply “a house of worship.”. But, …

Category: Health Go Health

BCG Partners With IPA Northeast PLANADVISER

WEBBCG will be performing all the administration and recordkeeping responsibilities. IPA, an independent actuarial and consulting firm in Cranford, New …

Category: Health Go Health

Inspira Simplifies Structure, Targets More Holistic Market Approach

WEBInspira Financial, formerly Millennium Trust Co., has a new structure to go with its new name.. Millennium Trust acquired Payflex from CVS in 2022, adding health …

Category: Health Go Health

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