Archive for Insurance’ Category

Price Shopping Healthcare | Houston Employee Benefits Brokers
Apr

5

2018

Price Shopping Healthcare | Houston Employee Benefits Brokers

As the costs of health care soar, many consumers are looking for ways to control their medical spending. Also, with the rise of enrollment in high deductible health plans, consumers are paying for more health care out-of-pocket. From medical savings accounts to discount plans for prescriptions, patients are growing increasingly conscious of prices for their healthcare needs. Price shopping procedures and providers allows you to…

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Here’s Where #FOMO Is Doing You a Disservice | Texas Benefit Advisors
Mar

19

2018

Here’s Where #FOMO Is Doing You a Disservice | Texas Benefit Advisors

Fear of missing out—is more than just a hashtag. Many Millennials admit that #FOMO drives a lot of their decisions on what they wear, what they do, even what they eat and drink. We live in a world of social influence. But one area where #FOMO really does you a disservice? No one is afraid of missing out on the benefits of life insurance. And…

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All About Medical Savings Accounts | TX Benefit Advisors
Mar

13

2018

All About Medical Savings Accounts | TX Benefit Advisors

Taking control of health care expenses is on the top of most people’s to-do list for 2018.  The average premium increase for 2018 is 18% for Affordable Care Act (ACA) plans.  So, how do you save money on health care when the costs seems to keep increasing faster than wage increases?  One way is through health savings accounts. Health savings accounts are used in conjunction…

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Feb

15

2018

Federal Employment Law Update – February 2018 | Houston Employee Benefits

IRS Releases Publication 15 and W-4 Withholding Guidance for 2018 On January 31, 2018, the federal Internal Revenue Service (IRS) released Publication 15 — Introductory Material, which includes the following: 2018 federal income tax withholding tables. Exempt Form W-4 New information on: Withholding allowance. Withholding on supplemental wages. Backup withholding. Moving expense reimbursement. Social Security and Medicare tax for 2018. Disaster tax relief. Read Publication…

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Benefits Easy: Intro to Self-Funding | Texas Benefits Advisors
Jan

30

2018

Benefits Easy: Intro to Self-Funding | Texas Benefits Advisors

As the first month of 2018 wraps up, companies have already begun the arduous task of submitting budgets and finding ways to cut costs for the new year. One of the most effective ways to combat increasing health care costs for companies is to move to a Self-Funded insurance plan. By paying for claims out-of-pocket instead of paying a premium to an insurance carrier, companies…

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Oral Health = Overall Health | TX Benefit Advisors
Jan

10

2018

Oral Health = Overall Health | TX Benefit Advisors

Have you heard the saying “the eyes are the window to your soul”? Well, did you know that your mouth is the window into what is going on with the rest of your body? Poor dental health contributes to major systemic health problems. Conversely, good dental hygiene can help improve your overall health. As a bonus, maintaining good oral health can even REDUCE your healthcare…

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Employee Benefit Plans and the House Republican Tax Reform Bill | Houston Benefit Advisors
Dec

1

2017

Employee Benefit Plans and the House Republican Tax Reform Bill | Houston Benefit Advisors

On November 2, 2017, House Republicans introduced a tax reform bill (H.R.1-115th Congress) called the “Tax Cuts and Jobs Act” that, if passed, would impact multiple aspects of the tax code. Many of these changes relate to employee benefit plans, particularly in relation to certain fringe benefits. Dependent Care Accounts A dependent care flexible spending account (DCFSA) is a pre-tax benefit account used to pay…

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How to Make the Most Out of Your FSA at Year-End | Houston Benefit Advisors
Nov

13

2017

How to Make the Most Out of Your FSA at Year-End | Houston Benefit Advisors

As 2017 comes to a close, it’s time to act on the money sitting in your Flexible Spending/Savings Account (FSA). Unlike a Health Savings Account or HSA, pre-taxed funds contributed to an FSA are lost at the end of the year if an employee doesn’t use them, and an employer doesn’t adopt a carryover policy.  It’s to your advantage to review the various ways you…

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PPOs Dominate Despite Savings with HMOs and CDHPs | Houston Benefit Advisors
Nov

10

2017

PPOs Dominate Despite Savings with HMOs and CDHPs | Houston Benefit Advisors

  The findings of our 2017 Health Plan Survey show a continuation of steady trends and some surprises. It’s no surprise, however, that costs continue to rise. The average annual health plan cost per employee for all plan types is $9,934, an increase from 2016, when the average cost was $9,727. There are significant cost differences when you look at the data by plan type….

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