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To prepare for 2023 open enrollment, health plan sponsors should be aware of the legal changes affecting the design and administration of their plans for plan years beginning on or after Jan.
2023 Innovations That Will Change Business.Adoption of Disruptive Technology.CyberSecurity.PEO.Remote Work.Going Virtual,AR, VR & Metaverse. PEOs for start-ups are considered to be one of the most important innovations for this year because it allows businesses to focus on marketing and strategizing their products or services. Removing the unnecessary burden that HR tasks and functions bring to employers and employees.
3 Ways to Reduce Holiday Stress. Set up a holiday budget. Create a plan. Take time for self-care. Many insurance plans offer affordable behavioral health benefits in person and through telehealth.
Many workers are paying more attention to their benefits and wondering how to stretch their dollars further. Employers are uniquely positioned to offer more than just a health care plan, including holistic benefits, resources and perks that today’s workers most need. This article highlights benefits that are likely to be popular in 2023.
2023 FSA & Commuter Contribution Limits Released.Health FSA $3,050, Carryover $610 and Depends Care FSA $5,000.Contact email@example.com or (855)667-4621.
New era, new values
Workers seek empathy and flexibility in a post-pandemic work world. Benefits, empathy, and workplace flexibility are close behind salary in terms of what matters most to workers when evaluating employment opportunities. It’s become apparent to employers that their old model of benefits is no longer sufficient. The dramatic impact of the events of the past two years has created a very different employee mindset. It has torn up the employer-employee contract that had, until now, endured.
Open Enrollment Participation Waiver. Having trouble maintaining minimum group health insurance participation? The annual Federal Employees Health Benefits (FEHB) Open Season is taking place from November 14, 2022 – December 12, 2022 this year. The annual open season provides federal employees, annuitants, and other eligible individuals the opportunity to review their plan options, make changes, and enroll for the upcoming benefit year that begins January 1, 2023.
Identifying & Easing Employee Burnout. Insurers’ policies provide mental health benefits that can help with burnout. Contact us (855)667-4621
The New York Department of Financial Services has released the 2023 PFL benefit and rates. The Statewide Average Annual Wage cap increases to $87,785.88 ($1688.19 per week).
Breaking: #NYS 2023 Final Rates Approved!
Small group rates increase 7.9% & 9.7% for individuals. Almost 850,000 New Yorkers are enrolled in small group plans, which cover employers with up to 100 employees.
#oxford notably, got only a 6% rate increase approved for next year.
Premium main drivers are increases in pricing by hospitals, consolidated IPA groups, and pharmaceuticals. Plus a spike in elective surgeries postponed due to COVID-19.
Learn about a PEO before you renew. Let’s review today (855)667-4621 or firstname.lastname@example.org.
On Aug. 12, the Inflation Reduction Act of 2022 (IRA) passed the U.S. House by a vote of 220-207, and President Biden is expected to sign it into law today. First passed by the U.S. Senate on Aug. 7, the $740 billion budget reconciliation package includes policies on Medicare drug pricing, Affordable Care Act (ACA) subsidies, energy, climate, and taxes. This update provides high-level details on the notable health care-related provisions in the IRA.
Effective Sept 1, 2022 CareMount will now be part of Empire’s Blue Access and Connection Networks for all Large Group and Small Group members. This will mean greater access to more affordable care throughout Westchester and surrounding markets.
Last month NYS received the rate filing requests below as per annual Dept of Financial Services requirements. Your insurer has mailed notices about their rate filings (requested rates) to impacted New York small business certificates and policyholders with renewal dates in 2023.
For every dollar employers spent on health insurance-related costs, they get back $1.47 according to a new study. This figure in fact is expected to grow to 52% by 2026 from 47%. Employee productivity reflects the reductions in absenteeism and presenteeism after receiving employer-sponsored coverage. These productivity increases contributed an estimated $275.6 billion in employer benefits in 2022, or 53.3 percent of all benefits. By 2026, this is expected to rise to $346.6 billion or 55.9 percent of total ROI.
Maintaining your mental health is an essential component of overall good health. Practicing self-care is an excellent 1st step. Here are a few tips.
Should the cut on your hand or the chest pain send you to the ER or an urgent care center? It’s difficult to be sure. Urgent care centers provide fast, noncritical health care on a walk-in basis. A visit is generally around the same price or slightly more than a clinic visit but far cheaper than a trip to the emergency room.
But how do you know when you may need urgent care or when to choose another treatment option?
Select Healthfirst Gold EPO plans will no longer be offered.
Starting with September 1, 2022 plan effective dates, Oxford members of a Liberty Network plan will have the UnitedHealthcare Core Network for out-of-area coverage. They will no longer use the UnitedHealthcare Choice Plus Network for national network access. This change applies to all Oxford Liberty members.
A common fear among employees can be that High Deductible Health Plans (HDHPs) expose them to too much risk. However, this misconception misses the near-certain long-term losses that come with not choosing a HDHP that includes an HSA. What employees are often missing is a full knowledge of the long-term financial impacts and risks associated with enrolling in an HDHP paired with HSA savings strategy, compared to a more traditional, low deductible PPO option. Employer contributions to HSAs can also set employees up for financial success and retirement readiness.
The IRS has released the 2023 Health Savings Account (HSA) inflation adjustments. To be eligible to make HSA contributions, an individual must be covered under a high deductible health plan (HDHP) and meet certain other eligibility requirements. New HSA 2023 limits...
Best Hospitals – Newsweek 2022. Where did your hospital rank? Not sure which area hospital is the best? The study is only a helpful tool. For the best options contact us at email@example.com or 855-667-4621.
Effective April 1, 2022, Free Telehealth Restored Under HSA Until 2023.CARES Act offered temporary relief related to telehealth offered HSA. Does your HSA charge a copay for telehealth?
Why We Love PEO This Valentine’s Day. Today we’re counting down our top 5 reasons why we love PEO. National Capabilities, Liability Protections, Technologies, One Vendor and PEO saves you money on HR staff. Try Our PEO Quoting Tool today.
4 Strategies for Reducing Health Benefits Costs in 2022.Alternative Plan Modeling. Rx Policy Revisions.Telehealth.Call 855-667-4621.
Starting Jan 15 at-home CIOVID-19 tests will be free of charge.How Will this work with your Insurer? Types of COVID Tests? Call (855)667-4621
The Biden administration issued a nine-pronged plan to combat COVID-19 as the winter months approach and the new Omicron variant poses risk of new infections. Click below to learn about the aspects of the plan that will affect employers and group health plans.
You can get ahead of cold and flu season by embracing a few habits that can help support a healthy immune system. Bookmark medicalsolutionscorp.com
Biden Administration Announces Details of 2 Major Vaccine Policies. Covered Employers 100+ details and rules for healthcare works.Call 855-667-4621
Good news Bronx/Westchester. Oxford and Montefiore Health System announced moments ago that they have reached an agreement effective December 1, 2021 for UnitedHealthcare and Oxford employer-sponsored plans, as well as UnitedHealthcare’s Medicare Dual Special Needs Plan.
Medicare 2022 Open Enrollment. Plan F was replaced by Plan G. What can you do? Call 855-667-4621 or firstname.lastname@example.org
Cybersecurity Awareness Month is intended to raise employee awareness. Take a company audit ASAP. Tech preparedness at 855-667-4621.
A little-known requirement but most important under the Affordable Care Act (ACA) is for Health Insurers must waive their minimum employer-contribution and employee-participation rules once a year. ACA requires a one-month Special Open Enrollment Window for January 1st coverage. FEDERAL JAN 1st SMALL GROUP ANNUAL OPEN ENROLLMENT WAIVER. For more help w/Special Open Enrollment Window email@example.com or (855)667-4621
2022 Open Enrollment Tools. A handy checklist Employers s for the upcoming 2022 renewals. PLAN DESIGN CHANGES, ACA EMPLOYER MANDATE 855-667-4621.
NYS 2022 Final Rates Approved! Small group rates increase 7.6% & 3.7% for individuals. Find out about a PEO before you renew, (855)667-4621.
You may be eligible for the Employee Retention Tax Credit (really!) The #ERTC may seem complex if you’re using a PEO but it’s simplified and a hidden goldmine. #payroll #cashflowmanagement #bookkeeping #finance
≈ under CARES ACT have been available for #SMB yet there has been confusion. Learn and call (855)667-4621. #caresact #payroll