Reminder: Employers with 10 or More Staff Must File ACA Forms Online
With 2025 just a few months away, it's important that small employers understand their group health insurance reporting obligations under the Affordable Care Act as they changed at the start of 2024. Before 2024, only employers that sent out 250 or
ACA Group Health Plan Affordability Level Up Sharply
The IRS has significantly increased the group health plan affordability threshold — which is used to determine if an employer's lowest-premium health plan complies with the Affordable Care Act rules — for plan years starting in 2025. The threshold for next
How Your Staff Can Save on Childcare, Health Services
One of the most underused employee benefits available is the "cafeteria" plan ― which can benefit both the employer and the employee. These plans allow workers to withhold a portion of their pre-tax salary to cover certain medical or childcare expenses.
Get an Early Start on Open Enrollment
As open enrollment is right around the corner, now is the time to make a plan to maximize employee enrollment and help your staff select the health plans that best suit them. You'll also need to make sure that you comply
Employers Use Variety of Strategies to Provide Competitive and Cost-Effective Health Care Benefits
As they wrestle with providing attractive but affordable health care benefits for employees, employers are trying a variety of strategies. A recent report from insurance brokerage Gallagher shows businesses are balancing workers' physical and emotional health against ever-rising costs. There are
Medicare Changes Could Affect Your Group Health Plan
New Centers for Medicare and Medicaid Services rules that take effect Jan. 1, 2025 will significantly affect employees' decisions on whether to continue staying with your group health plan while eligible for Medicare. Under changes in Medicare Part D drug plan
The Importance of Tracking Health Plan Metrics
As health insurance costs are rising at their fastest level in nearly 20 years, it's important to have a clear idea of which metrics to track to ensure you're seeing a good return on investment and that your employees are
What Workers Need to Know About Group Life Insurance
Voluntary group life insurance is offered to employees as an optional benefit, and often employers will pay the small premium as an employee retention tool and to provide workers some peace of mind for their families. Types of group life
Health Plans Covering Fewer Drugs, Imposing More Restrictions
As prescription drug costs continue growing and pricey new pharmaceuticals add to health plans' cost burdens, some carriers are starting to reduce the number of medications they'll cover and are imposing new barriers to accessing the most expensive ones. According to
Study Predicts 8% Group Health Plan Cost Increase for 2025
A new study predicts that group health insurance costs will jump 8% in 2025, on par with what American employers have experienced this year and in 2023. The higher rates reflect the costs borne by health insurers, which are seeing more