Blog
Medicare Drug Coverage Changes for 2024 Open Enrollment
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Medicare open enrollment runs from Oct. 15 to Dec. 7 every year. During this period, enrollees can make certain changes to their current enrollment coverage. The decisions made during open enrollment can significantly affect the cost and coverage of your health care as well as the providers and pharmacies that are in-network. As such, it’s…
Empowering Gen Z: Building a Competitive Benefits Package
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Get ready for a new wave of talent! Gen Z (born between 1997 and 2012), or Zoomers, is the youngest generation entering the workforce, and they’re bringing fresh perspectives and priorities. Unlike previous generations, Gen Z isn’t just punching a clock. They crave opportunities for personal and professional growth, a workplace that prioritizes mental well-being,…
Understand Your Spending Power: What You Can Buy with Your FSA, HSA, or HRA
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HSA, FSA, and HRA can typically be used for: Expenses that might be covered, but check your plan: Important Considerations: Additional Tips: By understanding the nuances of HSAs, FSAs, and HRAs, you can make informed decisions about how to use these accounts to your advantage and maximize your healthcare savings.
Navigating the Alphabet Soup: HRAs, HSAs, and FSAs Explained
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Managing healthcare costs can feel like deciphering a complex code. Three acronyms frequently pop up: HSAs, HRAs, and FSAs. But what exactly do they mean, and which one is right for you? Let’s break down these accounts and explore how they can help you save on qualified medical expenses. Understanding the Accounts: Who Can Use…
Benefits 101: What Is an HDHP?
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In today’s world of complex health insurance options, High Deductible Health Plans (HDHPs) have become increasingly popular. But with a name like “high deductible,” it’s natural to have questions. Let’s break down the basics of HDHPs: What is an HDHP? An HDHP is a health insurance plan with a higher deductible than traditional plans. This means you…
Benefits Buzz
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Final Forms and Instructions for 2023 ACA Reporting Released The IRS has released final 2023 forms and instructions for reporting under Internal Revenue Code Sections 6055 and 6056: No major substantive changes were made to the final forms and instructions for 2023 reporting. However, the 2023 instructions include information on the new electronic filing threshold…
Revealed – Survey Responses about Employee Wellness and Benefits
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The connection between employee wellness and the benefits of the job might seem obvious. But the conversation should be more nuanced than merely a discussion about health insurance, access to mental healthcare like employee assistance programs (EAPs), and well-being apps to reach zen. Indeed, Human Resources professionals must reconsider their definition of benefits. It must extend to all the pros of…
Benefits 101: Premiums, Deductibles, Copays, and Out-of-Pocket Maximums
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Not understanding benefits terminology is near the top of the list of ways that open enrollment and benefits selection can stress you out. Open enrollment is coming quickly and soon you will be talking about benefit options. The world of benefits and insurance can be confusing. In-network, out-of-network, deductibles, co-pays and co-insurance? What? Let us…
Want to Increase Productivity? Support Working Parents
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As the flu and RSV season gets underway, companies are asking themselves how they can support employees who need to stay home to care for their children. In fact, last October, 104,000 Americans missed work because of “childcare problems” – the highest total since the Bureau of Labor Statistics began tracking the figure in 2003. Although that…
Think Intelligent About Artificial Intelligence
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Artificial intelligence, including so-called “large language models” like ChatGPT, has rapidly become a major talking point in the press, amongst governments, and maybe even in your office! While AI has been a subject in the background for decades, everyday web users can now engage with AI like never before. But whenever there is a sea…