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Education About Health Benefits Can Lower Costs for Employers …

WebSo, it is not only important to provide a great benefit, but to educate employees about their benefits so they use them properly, which leads to lower costs for …

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URL: https://www.plansponsor.com/education-health-benefits-can-lower-costs-employers-employees/

What Employers Need to Know About HSAs PLANSPONSOR

WebHSAs were originally built to offset the pricey costs of high-deductible health plans (HDHPs), notes Begonya Klumb, head of HSA at Fidelity Investments. Because …

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The Importance of Offering Health Benefits to Employees

WebAccording to the report, the average reimbursement for health insurance premiums (including major medical, dental, vision, or Medicare) was $433. Out of …

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A Look at Hospital and Health Care System Pensions

WebNovak says NEPC saw that about 54% of health care organizations had a pension funded status of more than 90% in 2019, but as of June 30, only 25% have a …

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Mega-Trends Have Emerged That Drive Growth in HSAs

WebEBRI’s health saving account database comprises 11.4 million HSAs, with assets totaling more than $32.9 billion, as of year-end 2020. In the last five years, the …

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Large Employers Increase Focus on Workers’ Health and Well-Being

WebThe survey found that 32% of employers view health and well-being as a consideration in their workforce strategy in 2022, compared with 45% in 2021 and 49% in …

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DOL Issues FAQs About Association Health Plans

WebThe Department of Labor (DOL) has issued two sets of frequently asked questions (FAQs) regarding the administration of association health plans (AHPs) …

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House Ways and Means Approves Legislation to Expand Use of HSAs

WebRemy Samuels. In an effort to expand eligibility for those wishing to establish and contribute to health savings accounts, the House Committee on Ways and Means …

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PPACA and Wellness Programs PLANSPONSOR

WebBoth the HIPAA (and now the PPACA) wellness rules would allow a plan to structure an incentive either as a reward or penalty, as long as the incentive amounts for …

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IRS Says Reimbursed Wellness Benefits Are Taxable

WebA wellness indemnity program as described by the IRS is one in which salary is deducted on a pre-tax basis and then used to reimburse the employee for various …

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HealthEquity to Acquire Provider of HSA and Benefit …

WebHealthEquity, a health savings account (HSA) custodian, has announced that it has entered into a definitive agreement to acquire Further, a provider of HSA and …

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Measuring the Impact of a Well-Being Program: U-Haul’s Story

WebUsing the data and feedback, U-Haul has added more virtual options and mobile applications to its wellness program offering, Lopez said. “In recruiting new employees, …

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Compass Introduces Two Health Care Navigation Solutions

WebHealth care technology and consulting company Compass Professional Health Services introduced two health care navigation solutions: Compass Advocate, …

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Conduent Sells HSA Assets for $425M in Leaving FSA Business

WebThe firms have entered into a definitive agreement to transfer $2.7 billion in HSA assets held by approximately 665,000 customers in Conduent’s BenefitWallet …

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Voya Launches Health Savings and Spending Account Solutions

WebVoya Financial, Inc. launched a new suite of health savings and spending account solutions as benefits for employers to offer their employees. The suite of …

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Americans Show Lack of Knowledge, Uptake of Long-Term Care …

WebBased on a 2022 AALTCI Annual Price Index survey, the average annual long-term care premium is $2,200 for men and $3,700 for women, with a median cost of …

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Parties Reach Settlement Over Funding of St. Joseph Health …

WebA settlement has been reached in litigation claiming that the St. Joseph Health Services of Rhode Island Retirement Plan had not been adequately funded. Plaintiff …

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403(b) Suit Against Wake Forest Health Center Settled for $3.8M

WebPlaintiffs in a lawsuit against the 403(b) managers for Atrium Health Wake Forest Baptist, previously known as Wake Forest University Baptist Medical, reached a …

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3M to Freeze US Pension Plans for Nonunion Employees

WebRemy Samuels. 3M Co., the health care and consumer goods company, announced Monday that it will freeze U.S. pension plans for nonunion employees, …

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