Strategies for Selecting the Right Third-Party Administrator Finding the right TPA and exercising due diligence can pay dividends by minimizing legal risks and ensuring smooth and cost-effective plan operation. Why Organizations Use TPAs? Unlike insurance providers that sell coverage, TPAs provide administrative and operational services most often for employers with self-insured health plans. Some examples…
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The Great Reshuffle The labor market is a bit unpredictable at the moment. Economists previously warned of a “Great Resignation,” a time when employees were expected to quit in record numbers and leave considerable vacancies in the workforce. This actually happened somewhat—according to the Bureau of Labor Statistics (BLS), there were a record number of…
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HSA Limits for 2023 On April 29, 2022 the IRS announced 2023 Health Savings Account contribution limits and the 2023 Excepted Benefit HRA benefit maximum within their release of Revenue Procedure 2022-24. Changes are as follows: For updated contribution amounts, visit our benefit plan limits page on our website. It’s Your Money. Why Not Keep More…
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The $2 trillion+ Coronavirus Aid, Relief and Economic Securities Act was signed into law on March 27, 2020. This bill included significant steps forward in helping consumers protect the health and well-being of their families by reducing unnecessary trips to the doctor during this time of increased demand and creating even more value for the…
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