Group Health Plan Affordability Level Cut Significantly for 2024
The IRS has significantly reduced the group plan affordability threshold — which is used to determine if an employer's lowest-premium health plan meets the Affordable Care Act rules — for 2024. The threshold for next year has been set at 8.39%
Report: Group Health Plan Cost Inflation to Pick Up Steam
A new report by Aon warns employers to expect average group health insurance costs to increase 8.5% in 2024, as inflation starts hitting the cost of delivering care as well as pharmaceuticals. The report predicts that employers will pay an average
Employers ‘Unwavering’ in Providing Group Health Benefits: Research
Large employers are unwavering in their plans to continue offering group health plans to their workers instead of funding individual reimbursement accounts that would allow them to shop for plans on government-run exchanges, according to new research. The poll of 26
Narrow Networks, Tiered Plans May Reduce Costs
Inflation, an aging workforce and people catching up on care they skipped during the COVID-19 pandemic are some of the main ingredients that will drive the cost of group health benefits over the coming years. The key for employers grappling with
Inflation Could Hit Group Health Insurance Premiums
The health care sector is not immune to the effects of spiking inflation, and the increasing cost of care is likely to spill over into health insurance — but it's uncertain by how much. Mid-year is the time that health insurers
A Primer on Changes to 2021 Group Health Plans
While most business owners and executives have been fretting about the COVID-19 pandemic and the effects on the economy and the survival of their business, now is a good time to conduct a review of group health plans in light