Benefits News
Open Enrollment 2022—Benefit Notices
Employers that sponsor group health plans should provide certain benefit notices in connection with their plans’ open enrollment periods. Some of these notices must be provided at open enrollment time, such as the summary of benefits and coverage (SBC). Other…
Results-Oriented Wellness Programs
When implemented successfully, workplace wellness programs can reduce health care costs, increase employee productivity and reduce absenteeism. While some wellness programs encourage participation, others are results-oriented, meaning employees are encouraged to meet certain health goals or metrics. At American Health…
The Time Is Now to Kick-start Open Enrollment Efforts
Over the course of the pandemic, many employees refrained from changing jobs due to high levels of uncertainty, along with mental and physical health issues. Now, as things return to normal, experts predict a massive wave of turnover in the…
PCORI Fee Amount Adjusted for 2021
The Affordable Care Act (ACA) imposes a fee on health insurance issuers and self-insured plan sponsors in order to fund comparative effectiveness research. These fees are widely known as Patient-Centered Outcomes Research Institute (PCORI) fees, and were originally scheduled to…
7 Best Practices for A Successful Workplace Wellness Program
At American Health & Wellness, health coaches and integrated nutritionists design wellness strategies tailored to meet the needs of employees and create a culture of wellness. Long-term solutions that deliver healthier outcomes, greater productivity and lower healthcare costs. WELCOA has…
HSA/HDHP Limits Increase for 2022
On May 10, 2021, the IRS released Revenue Procedure 2021-25 to provide the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2022. The IRS is required to publish these limits by June 1 of…