Amazon - Industry News

ACA Reporting Deadlines

Employers subject to Affordable Care Act (ACA) reporting under Internal Revenue Code 6055 or 6056 have reporting deadlines in early 2023. Employers with self-insured health plans and applicable large employers (ALEs) with fully insured or self-insured health plans are subject to ACA reporting. ALEs are typically employers with 50 or …

Amazon - 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 …

HSA, Health FSA, HRA expenses

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: …

Amazon - 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 …

HSA, Health FSA, HRA expenses

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 …

Amazon - 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 …