HDHP

Segal Unveils 2024 State Employee Health Benefit Study and Interactive Plan Comparison Map Tool

Retrieved on: 
Friday, March 29, 2024
General Health, Professional Services, Technology, State, Local, Public Relations, Investor Relations, Insurance, Communications, Human Resources, Finance, Other Technology, Health, Public Policy, Government, Consulting, PPO, Care Act 2014, HDHP, Preferred provider organization, Organization, Growth, Map, OOP, ACA, Affordable Care Act, Health insurance

Leading benefits and HR consulting firm Segal released its 2024 State Employee Health Benefit Study today, alongside an interactive map revealing state-by-state comparisons of health benefit plans.

Key Points: 
  • Leading benefits and HR consulting firm Segal released its 2024 State Employee Health Benefit Study today, alongside an interactive map revealing state-by-state comparisons of health benefit plans.
  • High-deductible health plans (HDHPs) are more prevalent in America today, in fact more than half of state plans offer an HDHP plan option.
  • Complementing the study, Segal's innovative, interactive map tool enables users to perform detailed state-by-state comparisons, shedding light on the intricate details of each state's employee health benefit plan.
  • This groundbreaking study and accompanying digital map are built on Segal’s extensive expertise gained from decades of advising health plans.

Zuniga Health partners with Generous Benefits to offer Pay-Per-Need health benefits to small and medium-sized businesses in Texas

Retrieved on: 
Friday, February 23, 2024
Hospital, Multimedia, Moses Austin, Employment, PPO, ACA, HDHP, University, MVP, Generous, Agent, Insurance, MEC, Partnership, Health insurance

MIAMI, Feb. 23, 2024 /PRNewswire/ -- Zuniga Health LLC, an innovative health plan announced its partnership with Generous Benefits, a leading insurance broker out of Austin, to offer Zuniga Health's benefits to small businesses in Texas.

Key Points: 
  • MIAMI, Feb. 23, 2024 /PRNewswire/ -- Zuniga Health LLC, an innovative health plan announced its partnership with Generous Benefits, a leading insurance broker out of Austin, to offer Zuniga Health's benefits to small businesses in Texas.
  • With these products, as well as their PPO, HDHP, Dental Vision and Hearing plans, Zuniga Health is the only Hispanic-owned health plan in the US to address the needs of Hispanic businesses.
  • Through this new partnership with Generous Benefits, Zuniga Health deepens its mission to increase the number of Hispanic employees obtaining health benefits.
  • These need affordable health benefits to stay competitive," said Arthur Vera, Founder and CEO of Zuniga Health.

Zuniga Health broadens product suite for Hispanic small group businesses

Retrieved on: 
Wednesday, December 6, 2023
Pressure, Workforce, Insurance, HDHP, PPO, MVP, ACA, Deductible, Employment, Hospital, Agent, MEC, Health insurance, Management

Zuniga Health is the only Hispanic-owned health plan in the US to address the needs of Hispanic businesses.

Key Points: 
  • Zuniga Health is the only Hispanic-owned health plan in the US to address the needs of Hispanic businesses.
  • With its growing benefit suite, Zuniga Health deepens its mission to increase the number of Hispanic employees obtaining health benefits.
  • "Providing affordable health insurance will make every company more attractive to jobseekers and helps retain existing talent and increase employee loyalty," said Arthur Vera, Founder and CEO of Zuniga Health.
  • "For the first time workers are demanding benefits and small businesses are realizing the need to offer robust health insurance to stay competitive.

FSA vs. HSA: Health-E Commerce® releases frequently asked questions to help consumers find their best fit during benefits open enrollment

Retrieved on: 
Wednesday, October 18, 2023
Kool-Aid, Education, Average revenue per user, Glasses, Health, Family, Commerce, HSA, HDHP, Retirement, Currency strap, FSA, Financial adviser, Health insurance, Life insurance, DALLAS

DALLAS, Oct. 18, 2023 /PRNewswire-PRWeb/ -- The annual benefits open enrollment period is here, and in the coming months, individuals and families across the country will choose the benefits that will protect their needs in 2024. Flexible spending accounts (FSAs) and health savings accounts (HSAs) are an important part of that equation for more than 70 million Americans, and to help consumers make the best choices for their future health and wellbeing, Health-E Commerce® is offering free FSA and HSA education, tips, and online tools.

Key Points: 
  • Contributions reduce the account holder's taxable income and withdrawals are not taxed, if funds are used for qualified expenses.
  • An FSA can only be opened through an employer during the benefits enrollment period or if there is a qualifying event to allow a mid-year election.
  • Employee FSA contributions are made with pre-tax payroll contributions, but employers can also make post-tax contributions to the employee FSA.
  • To help account holders avoid potential FSA forfeitures, FSA Store offers free FSA Deadline Alerts that remind consumers when their personal deadline is approaching.

GEHA Unveils Medical and Dental Plans Available to Federal Employees, Retired Military and Their Dependents in 2024

Retrieved on: 
Wednesday, October 11, 2023
Insurance, Veterans, Professional Services, Health Insurance, Family, Managed Care, Health, Consumer, Defense, Medicare Part D, Lens, Retirement, GEHA, Elevated plus maze, UnitedHealth Group, Prescription, Government, Acupuncture, Pediatrics, HDHP, FEHBP, EST, PPO, Dentistry, Mental health, Dental care, HSA, Federal Employees Health Benefits Program, Part, Medicare (United States), Self, DSW, National Association of Government Employees, Nitrous oxide, High, Infertility, High-deductible health plan, Standard, Health insurance, Management, Elevate, Medicare

Government Employees Health Association, Inc. (“GEHA,” pronounced G.E.H.A ) today unveiled the medical, dental and Medicare Advantage plans offered to eligible federal employees, retired military and their dependents for the 2024 calendar year.

Key Points: 
  • Government Employees Health Association, Inc. (“GEHA,” pronounced G.E.H.A ) today unveiled the medical, dental and Medicare Advantage plans offered to eligible federal employees, retired military and their dependents for the 2024 calendar year.
  • GEHA is also introducing two new GEHA Medicare Advantage Plans with its High and Standard plans.
  • GEHA is offering these plans in collaboration with UnitedHealthcare® via the UnitedHealthcare® GEHA Group Medicare Advantage (PPO) plans.
  • Rounding out the 2024 offerings are two additional health plans and two dental plans.

Fidelity® Releases 2023 Retiree Health Care Cost Estimate: For the First Time in Nearly a Decade, Retirees See Relief as Estimate Stays Flat Year-over-Year

Retrieved on: 
Wednesday, June 21, 2023
Personal Finance, Insurance, Finance, Seniors, Consulting, Professional Services, Health Insurance, Health, Consumer, Education, Medicare Part D, Medicare (United States), Prescription, Part, Plasma protein binding, Medicare, HDHP, Inflation, Retirement, National Council, Growth, Inflation Reduction Act of 2022, HSA, Health insurance, Fidelity

Fidelity Investments® today shared its 22nd annual Retiree Health Care Cost Estimate, revealing that a 65-year-old retiring this year can expect to spend an average of $157,500 in health care and medical expenses throughout retirement1.

Key Points: 
  • Fidelity Investments® today shared its 22nd annual Retiree Health Care Cost Estimate, revealing that a 65-year-old retiring this year can expect to spend an average of $157,500 in health care and medical expenses throughout retirement1.
  • Fidelity’s 2023 estimate remains the same as last year1, due to expected limits to retiree out of pocket costs for prescription drugs starting in 2025.
  • This is the first time in nearly a decade that the anticipated health care costs for retirees have stayed flat year-over-year.
  • The 2023 estimate is flat from 2022 ($157,500 for a single retiree, or $315,000 for a couple), and has nearly doubled from the $80,000 for a single retiree estimated in 2002.

Three Things to Know: Health-E Commerce shares consumer tips for making the most of health savings account contribution limit increases

Retrieved on: 
Thursday, June 15, 2023
IRS, Health, Glasses, Pain, HDHP, Retirement, HSA, Family, News, Commerce, Health insurance

NEW YORK, June 15, 2023 /PRNewswire-PRWeb/ -- As inflation and rising healthcare costs continue to strain the pocketbooks of millions of Americans, there is good news for those who are enrolled in health savings accounts (HSAs) in the form of recently announced increases to HSA contribution limits, which will allow consumers to put more of their pre-tax income to work protecting their health and wellbeing. To help individuals and families make the most of this change and save more money, Health-E Commerce, parent brand to HSAstore.com, is educating account holders on three things they should know or do to make the most of higher HSA contribution limits.

Key Points: 
  • Three things to know and do to make the most of higher HSA contribution limits:
    Know your plan type and what you can contribute.
  • The IRS recently released new contribution limits that will take effect in 2024.
  • The new limits allow individuals enrolled in high-deductible health plans (HDHPs) to contribute up to $4,150 to their HSA (up from $3,850 in 2023).
  • Check with your HR team to confirm your plan type and to change your designated HSA contribution amount.

SHRM Releases 2023 Employee Benefits Survey Results

Retrieved on: 
Monday, June 12, 2023
Consulting, Other Professional Services, Professional Services, Human Resources, Online, Travel, Obesity, Prevalence, Education, PPO, Paternity, SHRM, Family and Medical Leave Act of 1993, Woman, Parental leave, Organization, HDHP, Retirement, Currency strap, Child, HR, HSA, Mental health, Family, Conference, Sick leave, Breast milk, Video game, Nursing, Health insurance, Pension fund

The number of employers offering various family support and leave benefits has increased significantly, according to the 2023 SHRM Employee Benefits Survey results released today at the SHRM Annual Conference & Expo.

Key Points: 
  • The number of employers offering various family support and leave benefits has increased significantly, according to the 2023 SHRM Employee Benefits Survey results released today at the SHRM Annual Conference & Expo.
  • 2023 SHRM Employee Benefits Survey Highlights:
    Health benefits remain the most important benefit category employers feel they can offer.
  • View the full 2023 SHRM Employee Benefits Survey results here: shrm.org/benefits
    The 2023 SHRM Employee Benefits Survey was conducted from Jan. 17 to March 8, 2023.
  • Respondents were asked to provide answers regarding what employee benefits their organizations offered during plan year 2023.

Lane Health Extends Streak of Industry Recognition with Third Consecutive APEX Award

Retrieved on: 
Monday, May 22, 2023
Health, Consumer adoption of technological innovations, Innovation, HDHP, Currency strap, Growth, APEX, Safety, HRA, GameChanger, Pharmaceutical industry, Health insurance

NORFOLK, Va., May 22, 2023 /PRNewswire-PRWeb/ -- Lane Health, a leading benefit spending account administrator and healthcare payment and lending platform, announced receipt of an Alegeus Performance Excellence (APEX) Award for Consumer Adoption at the 2023 Alegeus Client Success Summit. This marks the third straight year Lane Health has won an APEX Award, following recognition in 2021 for Innovation and in 2022 for Overall Growth.

Key Points: 
  • The 2023 APEX Award for Partner Excellence was awarded for Consumer Adoption, highlighting Lane Health's ability to grow consumer-driven healthcare business.
  • This marks the third straight year Lane Health has won an APEX Award, following recognition in 2021 for Innovation and in 2022 for Overall Growth.
  • In addition, Lane Health HSA account holders had a 30% higher utilization rate² than industry average.
  • "We are excited to recognize the achievements of great partners like Lane Health," said Mark Waterstraat, Chief Customer Officer at Alegeus.

Businessolver Benefits Insights Data Reveals Impact of Personalization on Benefits Engagement

Retrieved on: 
Tuesday, February 28, 2023
HDHP, Confusion, Software as a service, WEST, Literacy, ROI, HSA, FSA, Annual report, Risk management, Cryptocurrency, Health insurance

WEST DES MOINES, Iowa, Feb. 28, 2023 /PRNewswire/ -- Businessolver®, a leader in SaaS-based benefits technology and services, today released its fifth annual comprehensive benefits insights report showing the positive impact of personalized benefits content on employee engagement, decision making, and employer return on investment (ROI).

Key Points: 
  • WEST DES MOINES, Iowa, Feb. 28, 2023 /PRNewswire/ -- Businessolver®, a leader in SaaS-based benefits technology and services, today released its fifth annual comprehensive benefits insights report showing the positive impact of personalized benefits content on employee engagement, decision making, and employer return on investment (ROI).
  • Now in its fifth year, Businessolver's Benefits Insights Report (formerly known as the MyChoice Recommendation Engine Benefits Insights Report) annually examines employees' financial preparedness, benefits literacy and understanding, risk tolerance tendencies, and engagement across the benefits experience.
  • Comprised of proprietary data from the Benefitsolver® platform, this year's data highlights the impact that personalized decision support technology has on the total employee benefits experience, from benefits selection to activation of benefits, through a multi-year lens (from fall of 2018 to January of 2023).
  • This data tells a story: While benefits confusion remains high, employees are willing to more actively engage with their benefits.