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5 Tips to Save Money on Health Care: Part 2

June 24, 2022

Smart spending can keep your health care from costing an arm and a leg.  With costs rising on everything from gas to food, every penny counts. It pays to shop smart – that is why it helps to learn how to take steps to limit your out-of-pocket health care costs. Save Money on Prescriptions Go …

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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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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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