The employee should carefully consider whether, as an elderly employee, he or she should leave the company’s health plan and enroll in Medicare or stay on the employer’s plan. Both the employee and employer will want to seek wise counsel as there are advantages and...
By Grant Dattilo Employers and employees—anyone who purchases health insurance—can spend less on insurance premium and gain more control over spending decisions. How? With a Health Savings Account (HSA) paired with a High Deductible Health Plan (HDHP). These accounts are subject to I.R.S. limits, which are...
Kaiser Family Foundation found that the health insurance premium for an employer-provided medical plan for a family soared to $22,389 in 2021. This is an increase of 27% since 2014, when the Affordable Care Act’s provisions took effect.[1] It’s not enough to say “Well, that’s...
Experiencing a loss of revenue and a reduction in workforce as the pandemic rolled on, small employers searched for and found several options that might result in a stronger, more productive and profitable business down the road. One critical response is that employers are placing...
What, if anything, can employers do to mitigate expected increases in 2022 employee health insurance premiums? Mercer predicts an average 4.7% increase, while Willis Towers Watson says to look for 5% increases.[i] Some employers, however, are seeing far greater increases....
Among the many effects of COVID-19 is the reality that millions of people, either by choice or circumstance, put off diagnostic tests and screenings. Saved money at first, but costs are coming....