• 2020 Benefit Plan Limits

    Many benefit plan limits have changed for the new calendar year. The limits for 2020 are below: 401 (K) Limits Pre-tax contributions: $19,500 (up $500 from 2019) Catch-up contributions: $6,500 (up $500 from 2019) Health Savings Account (HSA) Limits Pre-tax contributions: Single coverage: $3,550 (up $50 from 2019) Family coverage: $7,100 (up $100 from 2019) […]

  • Voluntary Benefits: Employee and Employer Advantages

    Voluntary benefits, also known as worksite benefits, are the perfect way for employers to provide employees with a complete benefit package. As healthcare costs have continued to rise year after year, so has the demand for these additional benefits. Voluntary benefits allow employers to offer an attractive benefits package to employees without any additional cost […]

  • Benefits of Total Compensation Statements

    Though your benefits package may be quite substantial, your employees may not know it or may not understand some of the benefits you offer. Helping employees understand their total compensation can raise morale and may increase loyalty to your company. To assist your employees in fully comprehending their benefits package, consider providing a total compensation […]

  • Webinar: Using Care Coordination to Reduce Healthcare Costs

    In this webinar: Problem: Our healthcare delivery system is confusing and healthcare consumers are left on their own to navigate the system with minimal resources and tools Research shows 50% of people are confused, 24% of services are duplicated, and 61% of people self -refer and get it wrong…all of which leads to additional unnecessary […]

  • Webinar: Identity Protection as an Employee Benefit

      Attract, retain, and protect talent; safeguard your bottom line. Credit monitoring. Social media review. Dark web surveillance. PrivacyArmor is the employee benefit that maintains your staff’s — and your company’s — privacy and security. Proactive alerts and notifications help stop identity theft at its first sign. And with a $1 million identity theft insurance policy, your employees can […]

  • Trump Signs Executive Order to Increase Health Care Price Transparency

    President Donald Trump signed an executive order designed to increase pricing and quality transparency in healthcare. This move aligns with measures that the Trump administration has taken in order to address rising health care costs across the nation. In May, the Department of Health and Human Services (HHS) announced a rule that would require drug […]

  • 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 […]