Employee’s Guide to Health Plans
Employee’s Guide to Health Plans Chart describing the differences between FFS, HMO, PPO, POS and HDHPs.
Combating Rising Benefits Costs During Periods of High Inflation
Combating Rising Benefits Costs During Periods of High Inflation The U.S. inflation rate has increased by 8.3% over the last year, according to the Bureau of Labor Statistics (BLS). This has led to significant price increases across various consumer goods as well as employee benefits such as health insurance. In fact, one-third of U.S. employees […]
Report Illustrates Impact of Employee Mental Health on Businesses
Report Illustrates Impact of Employee Mental Health on Businesses One-third of employers report significant impacts on business stemming from the strain on their employees’ mental health, according to a recent survey from The Hartford Financial Services Group. The Hartford claims data found that mental health issues are among the top five reasons U.S. workers file for short-term […]
Mental Health Matters
Mental Health Matters May is Mental Health Awareness Month Mental health—your mental and emotional well-being—can change over time due to factors like workload, stress and work-life balance. Observed every May, Mental Health Awareness Month is a time to join together to fight stigma and provide support for people with mental illness and their families.
Increase in Telehealth and Mental Wellness Utilization During Pandemic
Study Finds 7,000% Increase in Telehealth and Mental Wellness Utilization During Pandemic Study Finds a 7,000% Increase in Telehealth Utilization During Pandemic According to a new report, telehealth usage grew more than 7,000% during the first year of the pandemic. FAIR Health’s annual report studies health care indicators, prices and utilization trends. With the latest data, researchers […]
IRS 401(k) Limits for 2022
IRS 401(k) Limits for 2022 New IRS 401(k) Limits for 2022* The elective deferral limit for 401(k), 403(b) and 457(b) plans increases to $20,500 in 2022 ($19,500 in 2021). The limitation on catch up contributions for employees age 50 and over is $6,500 in 2022. *Source: https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-401k-and-profit-sharing-plan-contribution-limits
IRS 401(k) Limits for 2019*
New IRS 401(k) Limits for 2019* The elective deferral limit for 401(k), 403(b) and 457(b) plans increases to $19,000 in 2019 ($18,500 in 2018). The limitation on catch up contributions for employees age 50 and over remains at $6,000 in 2019. The maximum “annual addition” limit for a defined contribution plan increases to $56,000 in 2019 ($55,000 in 2018). The annual […]
