5G Benefits & Insurance’s Post

Too many organizations accept annual rate hikes as inevitable. They switch carriers, raise deductibles, or ask employees to pay more - yet costs keep climbing. But what if the solution isn't finding a better rate, but completely rethinking how your healthcare dollars work? A Wisconsin church was able to turn a 54% increase into a 10% decrease without disrupting employee care. Real savings come from addressing the actual cost drivers, not just comparing insurance quotes. What's been your experience? #EmployeeBenefits #HealthcareCosts #BenefitsStrategy

Employers have a critical role to play in preventing medical debt—a pressing issue for many Americans regardless of insurance status or income levels. Thanks to Business for Breakfast radio for having me on to talk about how benefit navigators like Emry can get employers a greater return on investment by helping employees understand their benefits, access affordable healthcare, negotiate bills, and apply for financial assistance. Together, we can safeguard our greatest asset: our people. #medicaldebt #employeebenefits #healthcaresavings

On May 9, 2024, the IRS announced the new Health Savings Account (HSA) limits for 2025. 📈 The contribution limits are higher than those for 2024, and the required deductible and out-of-pocket maximums have also increased. Just a heads-up, these inflation-adjusted amounts will be in effect for the entire 2025 calendar year. 🌟 #HSALimits #IRSUpdates #FinancialPlanning #2025Updates

In today's health landscape, simply providing health insurance is not enough to protect employees from medical debt. In a recent Breakfast for Business radio segment, Goodroot CEO Michael Waterbury discusses how healthcare navigation tools like Emry can help employees access affordable, quality healthcare.

Does your company offer a way for employees to claim medical deductibles in real-time, rather than waiting until the end of the year? Claiming at year's end often results in employees being unable to claim deductions due to the 7.5% AGI threshold. For instance, those earning $100,000 must exceed $7,500 in claims in order to claim anything. Less than 1% of individuals surpass this 7.5% threshold for tax-deductible health care expenses. Employers avoid that problem by providing real-time deduction mechanisms. This saves each employee an average of $300 annually and saves the employer $100 avg per employee as well. Ensuring employees can claim deductions from the first dollar benefits both parties. #TaxDeductions #EmployeeBenefits #HealthcareFinance

Does your business provide Health Savings Accounts to employees? The IRS recently announced the inflation-adjusted amounts for 2025. Here they are, along with the benefits of these accounts. https://bit.ly/3x9Xsc8 #healthsavingaccounts #smallbusinesshealthinsurance

On September 6, 2024, the IRS released Revenue Procedure 20024-35. This announced the indexed contribution percentage applicable in 2025 for determining the affordability of an employer's plan under the Affordable Care Act (ACA). Here are the updated affordability percentages that are effective for taxable and plan years starting in January. If you want to discuss how this may affect your Employee Benefits for 2025, please reach out. We at Brown & Brown Insurance Central Florida are dedicated to staying informed regarding the latest insurance trends and continuing conversations that impact your businesses every day. #RiskManagement #AffordableCareAct #EmployeeBenefits #BBThePowerOfWE

Learn more bout health savings accounts (#HSA), and when used properly they can be a great tool to pay out-of-pocket medical expenses and reduce your taxable income. https://buff.ly/3UvolyR #TipoftheWeek

IRS reveals 2024 health savings account limits. What to know about the 'significant increase,' says advisor ▸ https://lnkd.in/gkJHzByn #SizableIncrease #FinancialConsulting #FinancialPlanning #FinancialAdvisors #FAPlaybook #AdvisorPublishedFri #SignificantIncrease

Why Freedom Health Systems, a Direct Primary Care, is a Game-Changer: ✅ Affordable Monthly Rates: Predictable costs for both you and your employees. ✅ Comprehensive Care: Access to quality healthcare without the hassle of insurance. ✅ Tax Benefits: Utilize HRAs, MERPs, and potential tax credits to reduce your taxable income. How It Works: Set Up HRAs or MERPs: Reimburse employees for DPC fees and deduct these expenses from your business’s taxable income. Self-Employed?: Deduct your health insurance premiums, including DPC fees, from your business income. Small Business Tax Credits: Qualify for up to 50% tax credit on employee premiums if you offer healthcare, including DPC. Invest in your employees’ health and well-being while enjoying significant tax savings. Let’s connect and explore how DPC can benefit your business! #Healthcare #DirectPrimaryCare #SmallBusiness #EmployeeBenefits #TaxSavings #BusinessGrowth