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The temperature is hot and so is the debate around Self-Funded Group Health Plans. Michaela Taylor, JD, MHA gives insight into the latest regulations, court rulings, and what employers need to consider in this Benefits Insights Blog! https://ow.ly/4YQq50SGjUT #Employer #Employee #Benefits #HR

Are employers fiduciaries or are they just pretending? 😕 Recent class-action lawsuits against major employers highlight a growing concern: Are companies truly acting as fiduciaries when purchasing health benefits for their employees? As health care costs continue to soar, it's crucial for employers to become smarter purchasers, focusing on the SOTA Benefits equation for the real value of a health plan: Value = (Quality + Service) / Cost. Transparency in health care spending data is key, and proposed legislation like the Lower Costs, More Transparency Act could provide employers with the tools they need to make informed decisions. As industry leaders (NABIP), it's our responsibility to push for greater accountability and innovative solutions that prioritize both cost control and quality care for employees. https://lnkd.in/g7ftpYij NABIP Texas

Expanding your business to France? Understanding the mandatory health benefits is key to staying compliant. In this article, we break down essential benefits like mutuelle insurance, sick pay, and prévoyance to help you navigate French employment law with ease. #HRFrance #ExpandingToFrance #FrenchEmploymentLaw #MutuelleFrance #SickPayFrance #PrévoyanceFrance #FranceHRCompliance #FrenchEmployeeBenefits #ViridianHR

Navigating 2024's Affordability Threshold Changes: "In 2024, the ACA affordability threshold decreases to 8.39% of household income. Understand how this impacts employee health plan eligibility and potential ACA penalties. https://lnkd.in/d3cazZu7 #AffordabilityThreshold2024 #ACACompliance #HealthcareChanges

KFF 2023 Summary of Employee Benefits Workers and employer contribution cost trends are not sustainable at this rate. Please take a look at the KFF summary. A Star Benefits Level Funded plan may be your solution to end this problem. https://lnkd.in/eYiTippJ #grouphealthinsurance #healthinsurancebroker #healthinsuranceagent #employeebenefits #employeehealth #dsos #adso #groupdental #grouppractices

Explore our latest article breaking down the complexities of the Affordable Care Act's Employer Mandate and Reporting Requirements. From Applicable Large Employers' obligations to IRS reporting criteria and key deadlines, this guide is a must-read for every conscientious #employer. Stay #compliant, avoid penalties, and contribute to the broader goal of affordable #healthcare for all. Click the link below to delve into the details! https://lnkd.in/e5R8Z_2k #HealthcareCompliance #EmployerResponsibilities #ACA #WorkplaceWellness #StayInformed

Did you know that nearly 3 in 4 employed Americans would accept a job with a slightly lower salary for better healthcare and medical coverage? This finding from a Voya Financial survey underscores the significant impact of rising healthcare costs on individuals. Employees are increasingly prioritizing employer contributions to health savings accounts and access to voluntary benefits like critical illness and disability insurance. Offering comprehensive healthcare benefits can drive retention, as over half of respondents are more likely to stay with employers providing such benefits. With open enrollment approaching, it's crucial for employers to educate their workforce on the value of these resources. At USI, we specialize in helping employers tackle these challenges and implement tailored strategies that benefit both their organization and employees. Let's collaborate to ensure your employees can maximize their workplace benefits for their health and financial well-being. Reach out to explore how we can assist you!

The Consolidated Appropriations Act of 2021 is shaking up the industry with stringent disclosure demands. These critical changes in fiduciary obligations and plan management are designed to increase transparency in employee health benefit plans in four key areas: https://innmb.com/48Q4G2b

With ERISA being the cornerstone of employer-sponsored health coverage for the past 50 years, it is paramount Congress works to protect both workers and employers from inflating health care prices. Read more from Bloomberg Law about the string of class-action lawsuits involving large employers grappling with surging health benefit costs.

🌟 **Are You One of the 15 Million Americans Affected by the ACA Family Glitch?** 🌟r k Or more importantly – you run your HR department and know some of your employees would fall into this glitch. The **Affordable Care Act (ACA)** has helped millions access affordable healthcare, but there’s a lesser-known issue called the **Family Glitch** that could be affecting you and your family’s health insurance options. If your employer offers coverage that’s considered “affordable” for you, but NOT for your family, you might be part of the estimated **15 million people** who are eligible for new coverage options due to recent changes. 📢 **Who qualifies?** - If your family's health insurance costs are too high through your employer - If your employer-sponsored plan doesn't cover your dependents adequately 🧐 **What can you do?** - Reassess your eligibility for ACA subsidies or marketplace plans Let's spread the word and help those who need affordable health coverage! 🏥 Share this post! Let’s help 15 Million Families. Visit here for details. https://lnkd.in/ecsRkgRZ #ACA #FamilyGlitch #Healthcare #OpenEnrollment #AffordableCareAct #HR #BestPracticeInHR