Archive for Employee Benefits’ Category


Jun

16

2017

Small Employers Lead the Way in Funding HSAs | Houston Benefit Advisors

The average employer contribution to an HSA is $474 for a single employee (down 3.5 percent from 2015 and 17.6 percent from five years ago) and $801 for a family (down 9.2 percent from last year and 13.7 percent from five years ago). There was a 26 percent increase in the number of individuals enrolled in HSAs, likely due to the increase in CDHP enrollment…

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Jun

9

2017

2018 Amounts for HSAs; Retroactive Medicare Coverage Effect on Contributions | Houston Benefit Advisors

IRS Releases 2018 Amounts for HSAs The IRS released Revenue Procedure 2017-37 that sets the dollar limits for health savings accounts (HSAs) and high-deductible health plans (HDHPs) for 2018. For calendar year 2018, the annual contribution limit for an individual with self-only coverage under an HDHP is $3,450, and the annual contribution limit for an individual with family coverage under an HDHP is $6,900. How…

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Answers to the Top 4 Questions about Section 105(h) Nondiscrimination Testing | Houston Benefit Advisors
Jun

6

2017

Answers to the Top 4 Questions about Section 105(h) Nondiscrimination Testing | Houston Benefit Advisors

Under Internal Revenue Code Section 105(h), a self-insured medical reimbursement plan must pass two nondiscrimination tests. Failure to pass either test means that the favorable tax treatment for highly compensated individuals who participate in the plan will be lost. The Section 105(h) rules only affect whether reimbursement (including payments to health care providers) under a self-insured plan is taxable. When Section 105(h) was enacted, its…

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Well-Being Strategies for a Diverse Workforce, Building Value at an Individual Level | Houston Benefit Advisors
May

30

2017

Well-Being Strategies for a Diverse Workforce, Building Value at an Individual Level | Houston Benefit Advisors

Your organization has 312 employees, which means you have 312 different needs for well-being support. Well-being strategies should not be a one-size-fits-all approach. Developing a set of flexible and responsive well-being strategies that meet changing individual needs throughout an employee’s tenure is a critical way to both attract and retain talent. A few case studies to illustrate: Jordan is serving in an entry-level position. This…

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Factor Emerging Trends, Generational Needs Into Wellness Programs | Houston Benefit Advisors
May

26

2017

Factor Emerging Trends, Generational Needs Into Wellness Programs | Houston Benefit Advisors

Your wellness program seems to have it all – biometric screenings, lunch and learns, and weight loss challenges. So, why do you struggle with engagement, or to see any real results? While traditional wellness components are still a large part of plans today, emerging trends, coupled with generational differences, make for challenges when designing an impactful program. As wellness programs begin to be viewed as…

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Why some companies offer an HRA | Houston Benefit Advisors
May

19

2017

Why some companies offer an HRA | Houston Benefit Advisors

In a world of insurance and acronyms, the term “HRA” is thrown around a lot, but it has a variety of meanings. HRA can mean health reimbursement account, heath reimbursement arrangement, or health risk assessment, and all of those mean something different. I want to be clear that in the following article I am going to be discussing the use of health reimbursement accounts with…

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May

16

2017

FINANCIAL WELLNESS BENEFITS – ADAPTING THEM IN THE NEW WORKFORCE | Houston Benefit Advisors

Over the past few years, we’ve seen tremendous growth in Financial Wellness Programs. Actually, as indicated in a recent report by Aon Hewitt, 77% of mid- to large-size companies will provide at least one financial wellness service in 2017; with 52% of employers providing services in more than 3 financial categories. So what are the advantages of these programs and how can the current workforce…

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Is Your Wellness Program Compliant with the ACA, GINA and EEOC? | Houston Benefit Advisors
May

12

2017

Is Your Wellness Program Compliant with the ACA, GINA and EEOC? | Houston Benefit Advisors

Workplace wellness programs have increased popularity through the years. According to the most recent UBA Health Plan Survey, 49 percent of firms with 200+ employees offering health benefits in 2016 offered wellness programs. Workplace wellness programs’ popularity also brought controversy and hefty discussions about what works to improve population health and which programs comply with the complex legal standards of multiple institutions that have not…

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May

3

2017

Why Private Exchanges Haven’t Taken Off As Predicted | Houston Benefit Advisors

While the health care affordability crisis has become so significant, questions still linger—will private exchanges become a viable solution for employers and payers, and will they will continue to grow? Back in 2015, Accenture estimated that 40 million people would be enrolled in private exchange programs by 2018; the way we see this model’s growth today doesn’t speak to that. So, what is preventing them…

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