group benefits Tag

Recently, the Centers for Medicare and Medicaid Services announced Medicare reimbursement rate increases for 2022. This matters because private insurance premiums use the Medicare rate as a base rate in order to calculate their insurance reimbursements to providers.Each increase in the Medicare reimbursement rate translates...

Recently, while attending a company staff meeting at DCI, I realized an incredibly important fact about what it takes for any consultant to be successful. I know all the people at DCI, and they are each talented, experienced and committed to serving clients and their...

The IRS has released the Health Savings Account (HSA) contribution limits for 2022. This is good news, but it doesn’t tell the entire story. For calendar year 2022, individuals who own a qualified High Deductible Health Plan (HDHP),[1] will be able to deposit up to...

Prior to COVID-19, the average family group health insurance premium was $20,576.[i] Minnesota health insurance companies, on average, were projecting a 6.9 percent rate increase. This would increase family health insurance cost to about $22,000 – if COVID-19 had not happened.Analyzing the insurance companies’ 12-month...

Pete suffered a heart attack and received care at a Minnesota hospital. Weeks later, the hospital demanded he pay almost $55,000 out of his own pocket for their services—the portion his health insurance didn’t pay. Surprise!Congress did something good about surprise billings. The new changes...

Employers are just beginning to learn about a Flexible Spending Account (FSA) provision in the new Covid-19 relief law from which their employees might benefit. Few people know of all the provisions in the 2124-page bill. Most Americans only paid attention to the individual stimulus...

We all see that COVID-19 is affecting us in multiple ways. Every day, our media gives us cumulative COVID-19 test results – total cases and infections, number of hospitalized individuals and of course, deaths. COVID-19 weighs heavily on employers who are at the same time,...

Alongside the usual business challenges, employers in 2021 must consider added uncertainties created by Covid-19, political and social unrest. Yet, rather than seeing these as threats to a business, employers can find in them new opportunities to create a positive work environment that signals stability...