Category: Employee Benefits
Reducing Rising Healthcare Costs in 2025
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Healthcare costs are projected to rise significantly in 2025. To mitigate these increases, consider these tips: Staying informed about your health care benefits—including the fine print—can help you save money. By taking these steps, you can help to manage your healthcare costs and protect your financial well-being.
Benefits Breakdown December 2024
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Mercer Report Projects 5.8% Health Benefits Cost Increase in 2025 U.S. employers estimate health benefit costs will increase by 5.8% in 2025, according to Mercer’s 2024 National Survey of Employer-sponsored Health Plans. This would mark the third consecutive year that the total cost per employee rose more than 5%. The report attributed the higher costs to…
2025 Employee Benefits Limits: What You Need to Know
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Many employee benefits are subject to annual dollar limits that are adjusted for inflation. For 2025, most of these limits have increased. However, some limits, such as those for dependent care Flexible Spending Accounts (FSAs) and Health Savings Account (HSA) catch-up contributions, remain unchanged. Key Benefit Limits for 2025: Health Savings Account (HSA) Contributions Important…
Benefits Breakdown November 2024
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Mercer Report Projects 5.8% Health Benefits Cost Increase in 2025 U.S. employers estimate health benefit costs will increase by 5.8% in 2025, according to Mercer’s 2024 National Survey of Employer-sponsored Health Plans. This would mark the third consecutive year that the total cost per employee rose more than 5%. The report attributed the higher costs to…
Benefits and Me November 2024
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Maximizing Your Open Enrollment Did you know that nearly 7 in 10 employees spend 30 minutes or fewer reviewing their open enrollment benefits options? Unfortunately, that’s far less than most Americans’ daily social media time. Open enrollment is crucial for making informed decisions about your health care and benefits. To maximize this period, start by…
Navigating Employee Benefits: A Glossary
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Employee benefits can be a complex landscape, filled with acronyms and unfamiliar terms. In fact, more than 50% of American adults report that they don’t have a clear understanding of their health insurance. Many people are confused because they reach adulthood without ever learning the basics of health insurance terminology. Illiteracy about health insurance is…
Benefits 101: What Is a FSA?
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When it comes to health insurance, there is a lot of jargon and plenty of acronyms. Many people have heard of FSAs, but may not actually know — what is a flexible spending account, exactly? If you have an employer-sponsored health plan, a flexible spending account (FSA) is often available as part of the benefits…
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.