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Health care costs are rising: Is your business prepared to support your employees?

Health care costs are rising: Is your business prepared to support your employees?

by Muzaffar | Oct 16, 2019 | Group Health Benefits, Human Resources, Human Resources Administration

At many organizations, health care insurance coverage is a key benefit to attract and retain employees. Particularly in the current landscape, where the cost of health care services are increasingly on the rise, employers must ensure that they offer benefits that...
Employer healthcare costs on the rise: How to manage claim costs

Employer healthcare costs on the rise: How to manage claim costs

by Muzaffar | Oct 8, 2019 | Group Health Benefits

Toward the beginning of 2019, a survey of midsize to large organizations discovered that rising healthcare costs – including high-cost claims – was the top concern for employers. At the time, researchers projected a more than 4% increase in the cost of...
Changes in healthcare: IRS expands HDHP coverage to include chronic conditions

Changes in healthcare: IRS expands HDHP coverage to include chronic conditions

by Muzaffar | Aug 27, 2019 | Group Health Benefits, Human Resource Regulations, Human Resources Administration, News and Updates

There have been numerous announcements and changes in the health care market recently, impacting not only workers in that industry, but employee benefits in nearly every other sector as well. Just a few of the recent changes include an executive order from the current...
Student loan aid: A  most-desired benefit for younger workers

Student loan aid: A  most-desired benefit for younger workers

by Muzaffar | Aug 19, 2019 | Group Health Benefits, Human Resources

According to data from the National Center for Education Statistics, colleges and universities in the U.S. expect to award more than 980,000 associate degrees, and nearly 2 million bachelor's degrees to graduates by the end of the 2019-2020 academic year....
HRAs for individual-market health insurance: Flexibility and choice for employers and their workers

HRAs for individual-market health insurance: Flexibility and choice for employers and their workers

by Muzaffar | Aug 15, 2019 | Group Health Benefits, Human Resource Regulations, Human Resources, Human Resources Administration

A new rule could shake up the way employers and employees leverage their health reimbursement arrangement funds. The regulation, passed recently by the departments of Labor, Treasury and Health and Human Services, enables employers to leverage pretax money to...
IRS announces modest increases to HSA limits in 2020

IRS announces modest increases to HSA limits in 2020

by Muzaffar | Jul 18, 2019 | Group Health Benefits, News and Updates

In late May, the IRS announced that health savings account contribution limits would be increasing slightly in 2020, providing employers that sponsor high-deductible health plans with plenty of advance notice before open enrollment season begins later this...
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