by BBGAdmin | Oct 16, 2023 | Featured, Healthcare Costs, ICHRA, Managed Care - Group Health, SharedFunding
In the complex world of group health plans, employers often find themselves navigating a web of requirements and pressures. One such requirement is the concept of minimum participation, which can pose significant challenges for businesses striving to provide...
by BBGAdmin | Sep 25, 2023 | Featured, Healthcare Costs, ICHRA, Managed Care - Group Health, SharedFunding
In the world of education, when things get overly complicated and confusing to many, it leads to a reaction where there is a call to return to the “3Rs” (reading, writing, and arithmetic). The same thing happens in the employee benefits/health insurance world. But,...
by BBGAdmin | May 26, 2022 | Announcements, Featured, Healthcare Costs, News and Events
Every year the Internal Revenue Service (IRS) decides if there will be an increase in Health Savings Account (HSA) contribution limits, minimum deductibles, and maximum out-of-pocket amounts. The IRS has released the 2023 inflation-adjusted HSA contribution limits. ...
by BBGAdmin | Nov 2, 2021 | Employer Issues, Healthcare Costs, Healthcare Issues, ICHRA, Insurance
What Is An ICHRA? ICHRA stands for Individual Coverage Health Reimbursement Arrangement. As of January 1, 2020 federal regulation has expanded the usability of HRAs, providing employers with a whole new way of providing health insurance to their employees. Whether...
by BBGAdmin | Apr 6, 2021 | Announcements, Health Policy
Personal Protective Equipment (PPE) can be Purchased with Pre-tax Dollars The IRS identifies PPE as a qualified medical expense under Section 213(d) of the Internal Revenue Code. Here is the announcement 2021-7 from the IRS. What does This Mean to Employers? Employers...