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Health plans paid 224 percent of Medicare to hospitals in 2020

May 31, 2022

According to research from RAND Corporation, employer-sponsored health plans paid over twice as much as Medicare to hospitals for the same services at the same sites. This is an annual study performed by RAND, in which the 2018 study found that employers paid 247 percent of Medicare. Don’t pop the champagne to celebrate that reduction …

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The 4 W’s of Lifestyle Benefits

May 23, 2022

Com­pet­i­tive wages are no longer enough to sat­is­fy and sup­port val­ued employ­ees. Today, a vari­ety of ben­e­fits and perks play an essen­tial role in attract­ing and retain­ing talent. Lifestyle benefits, sometimes referred to as employee perks, are non-salary benefits given to employees to improve their overall lifestyle that go above and beyond standard medical, dental and …

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Quick Dive on MERPS: The Medical Expense Reimbursement Plan

May 16, 2022

A MERP or Medical Expense Reimbursement Plan is a type of HRA (Health Reimbursement Account) where employers can pay for a portion of employees’ healthcare costs on a tax-free basis. They’re most frequently utilized with high deductible health plans so that employers have the flexibility to tailor a plan to their needs and the needs of their employees. …

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Mental Health is Wealth, So Start Saving Up Now!

May 16, 2022

“Suck it up,” “cheer up,” “snap out of it,” “but you don’t look sick”- these are just some of the phrases that well-meaning friends and family tell loved ones struggling with mental health issues. Research shows that one in five adults struggle with mental health conditions.  Mental health struggles include depression, bipolar disorder, anxiety, schizophrenia, …

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Transparency in Coverage

May 13, 2022

Health plan price transparency helps consumers know the cost of a covered item or service before receiving care. Beginning July 1, 2022, most group health plans and issuers of group or individual health insurance will begin posting pricing information for covered items and services. This pricing information can be used by third parties, such as …

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