PCORI

2023 PCORI Fee Amount

The Internal Revenue Service (IRS) issued Notice 2022-59 to increase the Patient-Centered Outcomes Research Institute (PCORI) fee amount. This fee amount affects plan years ending on or after October 1, 2022, and before October 1, 2023, with the amount increasing to $3.00 multiplied by the average number of lives covered …

Survey Results-Industry News

Employer Health Benefits 2022 Survey Results

The Kaiser Family Foundation (KFF) recently conducted a survey featuring 2,188 interviews with non-federal public and private firms. The survey is used as a touchpoint for employer-sponsored health coverage, examining employee contributions, cost-sharing, wellness programs, telehealth services, and more. Premiums and cost-sharing The survey found the average annual premium for …

Plan selection mistakes

Common Health Plan Selection Mistakes

For many, open enrollment is right around the corner. Selecting an appropriate health plan can be difficult.  While there are many helpful resources that offer instructions on how to weigh plan options, for some, it is more beneficial to know common pitfalls and mistakes to avoid. Some common missteps include: …

Survey Results-Industry News

Retaining Talent

Approximately 3 in 4 employers claim that retention and attraction is one of their top five greatest challenges. Retaining valuable employees is the first step in strengthening a company’s workforce. When top employees are content and stay with the company, employers have a stronger foundation when attracting new talent. What …

Plan selection mistakes

How to Save Money on Prescriptions

Over three in four adults in the United States believe prescription drug costs are unaffordable, and the average American spends around $1,300 per year on them. While costs are high, there are ways consumers can cut costs. To save money on medications, you should consider: Comparing prices. Drug prices vary …

COVID-19, Flu, RSV

COVID-19, Flu, and RSV

During the fall and winter seasons, respiratory infections become more common as people spend more time indoors. Already, there has been an increase of COVID-19, flu, and respiratory syncytial virus (RSV) cases. Knowing the differences and similarities between these three will help you stay healthy and vigilant. Causes It is …

Survey Results-Industry News

2023 Medicare Amounts

On September 27, 2022, the Centers for Medicare & Medicaid Services (CMS) released the 2023 Medicare Part A and B premiums, deductibles, and coinsurance amounts. Additionally, the 2023 Medicare Part D income-related monthly adjustment amounts were also announced. Medicare Part B Premium and Deductible Physician, outpatient hospital, certain hospital health …

Top Consultant

Philadelphia’s Top Employee Consultant Award 2022

Creative Benefits, Inc. is a “Top Employee Benefits Consultant” in the Philadelphia area, according to Mployer Advisor. Mployer Advisor independently researches each brokerage firm with the goal of providing employers with options based on data.  Brokers were evaluated and awarded based on industry experience, company size, and online reviews. The top brokerages …

World Mental Health Day-current event-pandemic

World Mental Health Day – October 10, 2022

Originally established on October 10, 1992, World Mental Health Day has grown monumentally in the last 30 years. Each year, a new theme for World Mental Health Day is chosen, and this year the theme is “Make Mental Health & Well-Being for All a Global Priority.” In light of the …

Plan selection mistakes

Understanding HSAs, HRAs, and FSAs

When preparing for open enrollment, it is important to understand your options. Health Saving Accounts (HSAs), Health Reimbursement Arrangements (HRAs), and Flexible Spending Accounts (FSAs) are often offered in conjunction with a health plan. Knowing the advantages of each can allow for an easier open enrollment process. Health Savings Account …