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What to Consider When Selecting a Health Plan

WebTechnology Offerings. Employers should consider choosing a plan that increases employee accessibility to benefits through technology. Telemedicine can expand employee access …

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URL: https://blog.nisbenefits.com/what-to-consider-when-selecting-a-health-plan

2023 Employer Health Benefits Survey Results

WebHealth Insurance Premiums. The average 2023 premiums for employer-sponsored health insurance were $8,435 for single and $23,968 for family coverage. Premiums increased …

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2022 Employee Health Benefits Annual Survey Summary

WebThe average 2022 premiums for single coverage were $7,911 and $22,463 for family. For high deductible health plans with savings options (HDHP/SOs), the annual …

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The 95% Rule: Offering Coverage to “Substantially All” Full-Time …

WebSometimes the employer offers coverage but does not contribute toward the premiums. Back in 2014, the ACA mandated that large employers (50+ full-time equivalent …

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Strategies for Tackling Health Care Costs in 2023

Web5 Strategies to Help Employers Address Rising Costs. 1. Cost-Effective Care. Employers can reduce their overall health costs by directing employees to cost-effective …

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Survey States Health Benefits Cost Will Grow in 2023

Web2 minute read. According to the early results from Mercer’s National Survey of Employer-sponsored Health Plans 2022, the average health benefit cost per U.S. employee is …

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Understanding Embedded vs. Nonembedded Deductibles

WebHealth insurance plans can cover individuals or families, with the deductible designed as either embedded or nonembedded. Embedded Deductibles. Embedded …

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Health Care Costs Increasing in 2023

WebOctober 26, 2022 by Scott Fritz. 2.5 minute read. Industry experts agree that employers should expect major health care increases in 2023. Employers must find a way to reign …

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2024 Health Plan Compliance Issues

Web2024 Health Plan Compliance Issues. December 20, 2023 by Steve Smith. 4.5 minute read. Employers should be aware of the compliance issues impacting their …

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The Generational Divide: Millennials and Health Insurance

WebThe Generational Divide: Millennials and Health Insurance. Millennial workers (defined as born 1977-2000) view and use health benefits very differently than their baby boomer …

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Claim Analysis: A Prescription for your Health Insurance

WebA claim analysis is a great way for a school, city, or county employer to get an overall picture on how their health plan has been “running”. If your plan is doing well, it means that …

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Why 3-5 Year Strategic Plans for Health Benefits is Trending

WebHealth Plan Add-Ons. Health plan “add-ons” are additional services you can offer your employees that drastically improve retention AND lower medical claims spending all at …

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Trend and Its Impact on Health Plan Renewal Rates

WebTrend is a prediction of how much health care costs will increase over the next policy year, assuming benefits stay the same. Trend is one of the factors that health …

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On-site Clinics, HSA Eligibility, and IRS Guidance

WebAccording to IRS Notice 2008-59, the IRS addressed how an on-site clinic may impact employees’ HSA eligibility. In a nutshell, if an employer’s on-site health clinic provides …

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The 5 Essentials for Mental Health and Well-Being in the Workplace

WebWorkplaces can: Normalize and support the focus on mental health. Prioritize workplace physical and psychological safety. Operationalize diversity, equity, …

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Price Comparison Transparency Tool Expanded for 2024

WebOctober 24, 2023 by Scott Fritz. 1.5 minute read. In 2024, group health plans and issuers must expand their internet-based price comparison tool for enrollees, participants, and …

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How to Be an Educated Health Care Consumer

WebAsking questions and researching your options are good ways to start taking control of how much you spend on health care. Here are some strategies to take control …

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How HRAs Affect Health Insurance Premium Tax Credits for Early …

WebThe Premium Tax Credit is a tax credit designed to help eligible retirees and their families afford health insurance. Individuals and families may be eligible for this credit if their …

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Health Insurance Literacy and its Impact on Your Bottom Line

WebHealth insurance literacy is the “the degree to which individuals have the knowledge, ability, and confidence to find and evaluate information about health plans, select the best plan …

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Minnesota Schools: Are you ready for HITA

WebMinnesota schools, cities, and counties rely on Steve’s unique and creative ideas of engaging employees in their own health and wellness to lower utilization trends. He has …

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Survey Reveals U.S. Mental Health and Substance Use Crisis

WebHere are some key findings from the 2021 report: Nearly 1 in 4 adults aged 18 and older, and 1 in 3 among adults aged 18-25, had a mental illness. 5% of the population met the …

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Navigating Health Plan Compliance: Fully Insured vs. Self-funded

WebWhile level funded health plans may have different designs, they are typically classified as self-insured for compliance purposes. A fully insured health plan shifts the …

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