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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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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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Make Benefits Your Competitive Advantage in Recruiting and Retaining Talent

April 26, 2022

Small and mid-sized businesses are facing multiple challenges today. Inflation, cybersecurity, and supply-chain issues are affecting nearly every business. And the tight labor market is forcing every company to rethink how they are attracting and retaining one of their most important assets, their employees. Employees drive sales, clean up operations, keep customers happy, and make …

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5 Tips to Save Money on Health Care: Part 1

April 11, 2022

Health insurance is essential to protecting your health but the high cost of coverage may leave you feeling sick.  Even after employers pick up a substantial amount of the cost, every year Americans spend thousands of dollars on healthcare while costs are continuing to rise. By taking certain steps, you can stretch your healthcare dollars …

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Highlights from the KFF 2021 Employer Health Benefits Survey

March 28, 2022

Employers always want to know what other companies are doing with their benefits. They want to ensure they offer competitive benefits so they can recruit and retain their workforce, especially in today’s tight labor market. And knowing what peer organizations are offering and doing with their benefits is key. One great resource is the Kaiser …

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Why is Healthcare Spending High? It’s the Prices

March 21, 2022

Healthcare spending in the US outpaces every other OECD country, and it’s not particularly close. While wealthy countries such as the US spend more per person on healthcare than other countries, we spend far more per person on healthcare than similar countries. But even though we spend much more per person, we don’t experience significantly …

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What’s Really in a Health Insurance Premium?

March 14, 2022

We talk about them all the time, we seem obsessed with them, but what actually goes into a health insurance premium? While you’ve likely been paying health insurance premiums for as long as you remember, you may not have ever seen one broken out. And in our role as benefits consultants to health plans, we …

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Understanding Your EOB

March 9, 2022

Let’s say that you visited the doctor and you are wondering how much that visit is going to cost.  A short while later, you receive something in the mail that looks like a bill – and even says “amount you owe” at the bottom.  However, it doesn’t have a return envelope or tear-off portion for …

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