August 10th, 2017
What is new in benefits? Well, maybe a lot and maybe not! We give you a rundown on the differences between the ACA and the proposed The Better Care Reconciliation Act (BCRA) plan.
June 2nd, 2017
On May 4th, the IRS announced the increased HSA limits for 2018. The minimum deductible and maximum out-of-pocket expense amounts for High deductible health plans (HDHPs) were released the same day. The changes in annual contribution amounts reflect any fluctuations in cost of living in the United States. Some amounts increased, but not all. The […]
April 12th, 2017
Health benefits should be easy, after all, they are benefits. However, too often, they are confusing and poorly communicated to employees. A survey, conducted by Healthcare Trends Institute, provides important information on employee’s feelings related to their health plans, communication preferences, health plan costs, and employee financial and retirement preparedness. Here are 4 tips as […]
March 21st, 2017
Which plan is right for you? Given that health insurance costs keep climbing, it’s important to understand your options when considering which plan is right for you. Make sure to carefully review the details of your specific plan(s). The premiums, deductibles, out-pocket-maximums, and your employer’s HSA contribution are all factors to consider in choosing the […]
March 16th, 2017
The 21st Century Cures Act, was passed on December 13, 2016, which allows small employers to sponsor a stand-alone Health Reimbursement Account (HRA). A stand-alone HRA is a plan not paired with a group health insurance plan. This type of HRA known as a Qualified Small Employer Health Reimbursement Arrangements (QSEHRA), allows small employers to […]
September 8th, 2016
Having been in the benefits industry for as long as we have, it’s not surprising that the folks at 121 Benefits know it through and through.