• HSA Limits for 2020

    Each year the IRS announces inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs). The limits affected include: The maximum HSA contribution limit The minimum deductible amount for HDHPs The maximum out-of-pocket expense limit for HDHPs. Each limit varies based upon whether an individual as self or family coverage. In 2020, […]

  • donald trump and american flag

    Trump Announces Plan to Combat Surprise Medical Billing

    In a speech on May 9, 2019 President Donald Trump criticized the practice of surprise medical billing, and the president announced a general plan of attach and hinted at a few specific items for curbing the trend. This speech aligned with the administration’s American Patients first initiative which created a blueprint for lowering consumer health […]

  • Webinar: Save Money with Humana’s New On-Hand Program

                In this Webinar: Humana has partnered with Doctor on Demand to pilot its first level-funded virtual health plan. On Hand Level Funded Plan Highlights Include: • Groups of 5-50 eligible • $0 Primary Care through Doctor on Demand • $0 Preventive Care • $5 Copay at Labcorp and Quest […]

  • Pros and Cons of Reference-Based Pricing

    With health care costs continuing to rise, employers are seeking new options to lower expenses. One strategy that has recently emerged is Reference-Based Pricing (RBP). This pricing enables you to choose the best option for your health and budget, while illuminating potentially unnecessary costs. How does Reference-Based Pricing Work? RPB works by setting spending limits […]

  • Webinar: Maximize Healthcare Savings with Reference-Based Pricing

    Join us as we discuss how to maximize healthcare savings with Reference-Based Pricing by GPA. GPA delivers a plan to achieve the best possible outcomes for employers and members by paying only the provider cost plus a reasonable margin. With such key components as stop-loss coverage and co-fiduciary protection, GPA successfully utilizes internal systems to supply […]

  • Is Your Section 125 Plan Up to Date?

    A Section 125 plan, or a cafeteria plan, allows employers to provide their employees with a choice between cash and certain qualified benefits without adverse tax consequences. Employees who participate in a cafeteria plan can pay for qualified benefits, such as group health insurance, on a pretax basis. This reduces both the employee’s and the […]

  • 2019 Health Plan Compliance Deadlines

    We understand it can be hard to keep up with changing deadlines and requirements. This compliance over explains key 2019 compliance deadlines for employer-sponsored group health plans. 2019 Health Plan Compliance Deadlines

  • What Are Your Top Benefits Challenges?

    At Faison Group Benefits, we understand your day-to-day activities involve a variety of challenges. We are here to help you tackle those tasks. We have identified some of the major pain points organizations have been dealing with, and have the tools and expertise to get you started on a path to employee benefits success. Top […]

  • Employees Prefer Benefits Over More Pay

    If you are looking to hire new, qualified employees or intend on keeping your current workers happy, the latest studies show that a total compensation package including benefits can have a greater effect than higher pay. According to the American Institute of CPAs 2018 Employee Benefit Report, workers would choose a job with benefits over […]

  • The Human Resources Tools You Need to Make Your Life Easier

    Our HR Resource Portal, which provides all the tools to help you relieve administrative burden and stay up to date on the latest legislative deadlines is getting even better! We previously shared some of the offering our HR resource portal has to offer, and the toolbox now has even more resources to help you fulfill […]