The Department of Health and Human Services (HHS) recently published a proposed rule that would revise several benefit and payment parameters under the Affordable Care Act (ACA) for the 2022 benefit year. While the proposed changes primarily impact insurers and Exchanges, it’s important to consider that some provisions could also …
Open enrollment is an opportunity to showcase an organization’s benefits package and the value it provides to employees — with the hope of curbing rising turnover rates. Within the last year, employees’ priorities have changed. Consequently, employees may be seeking enhanced offerings to better protect their health and well-being, while …
Over the course of the year, we have seen increased demand for well-being programs and mental health resources from a wide array of employee populations. To meet this demand, employers have been prompted to create, or ramp up current well-being offerings, which can electrify a healthier and more engaged workforce. …
Flexible Spending Accounts (FSAs) can be an asset to any employee benefits package because employees can set aside pre-tax funds to be used for eligible healthcare expenses. Due to the nature of the public health emergency posed by COVID-19 and the unanticipated changes in availability of certain medical care, you …
The demand for and focus on employees’ mental health and well-being has increased significantly because of the COVID-19 pandemic. In an effort to address the growing need of mental health support for workforces across the country, companies have continued to roll out wellness-specific programs and benefits to better service their …
The COVID-19 pandemic has heightened the importance of employee benefits for individuals across the country; however, uncertainty regarding what resources are available can hinge on the ability to maximize these benefits. With healthcare costs increasing and traditional in-person appointments steadily resuming, employees are also expressing concerns over how themselves and …
In an effort to address the growing need of mental health support for workforces across the country, companies have rolled out wellness-specific programs and platforms to better serve their employees. According to a recent survey by virtual mental health platform Ginger, 92 percent of CEOs reported that their companies have …
On May 10, 2021, the Internal Revenue Service (IRS) released Revenue Procedure 2021-25, which provides the inflation-adjusted amounts for health savings accounts (HSAs) and high deductible health plans (HDHPs) for the 2022 plan year. As cost of living expenses continue to rise, the IRS annually adjusts the following amounts and …
As COVID-19 vaccination rates increase across the country, organizations that experienced workplace closures and needed to adjust to remote work environments are beginning to reopen. In a recent survey, LaSalle Network asked 350 corporate executives how they think their workforces will be modeled in the next year — approximately 77% …
Employers have consistently had to pivot and adjust their benefits to accommodate employees’ everchanging lifestyles and healthcare needs. Because of this, employee benefits have strengthened the relationship between the organization and employees. Disability insurance is an employee benefit that provides valuable income protection when employees are faced with unexpected physical …
No matter how hard you try to avoid them, the unexpected is inevitable. In fact, more than 80 million individuals in the United States seek medical treatment for injuries each year and 43 million go directly to the emergency room. Whether it is a sports injury, a car accident, or …
As in-person appointments have been replaced with video conferences and other virtual mediums, UnitedHealthcare (UHC) has launched Right2You, a virtual care benefit that aims to assist the approximate 48 million people in the U.S. living with hearing loss. The initiative builds on the home-delivered hearing healthcare model developed by UnitedHealthcare …
Throughout the duration of the COVID-19 pandemic, a surge of women in the United States have left the workforce due to multiple service-industry setbacks and childcare needs following school and daycare facility closures. A Census Bureau report indicated that approximately 1.4 million mothers remained out of the workforce in January, …
According to a survey by virtual mental health platform, Ginger, 70% of workers say this period, that is the COVID-19 pandemic, is “the most stressful time in their entire professional career.” On top of that, approximately 88% reported experiencing moderate to extreme stress in 2020. Remote work has accelerated the …
The American Rescue Plan Act (ARPA), signed into law March 11, 2021, provides a 100% subsidy of applicable COBRA premiums for eligible beneficiaries and their dependents, for the time period beginning April 1, 2021 and ending no later than September 30, 2021. Who is Eligible? An Assistance Eligible Individual (AEI) …
