HR & Compliance

  • Composite Rating for Small Group Employers by

    Posted on: May 12, 2015Categories: HR & Compliance

    Composite rating is the practice of lumping all eligible employees together and assigning a single rating, regardless of individual factors (such as age, gender or tobacco use) that may make somebody a higher or lower insurance risk. The composite premium is calculated by dividing the total group premium by the number of enrollees to arrive at an average enrollee premium amount. Long used in group plan health coverage, the Affordable Care Act (ACA) changed how issuers determine a composite rati ...

    Read More

  • May Benefits Buzz by

    Posted on: May 11, 2015Categories: HR & Compliance

    Did You Know? Telemedicine, which uses technology to facilitate communication between a doctor and patient who are not in the same physical location, is growing in popularity. A recent Towers Watson study indicates that employer interest in telemedicine is increasing, with about 20 percent of U.S. employers offering the option in 2014, with expected increases nearly doubling for 2015. Telemedicine is useful in certain types of cases as a viable alternative to traditional, face-to-face doctor v ...

    Read More

  • IRS Releases HSA Limits for 2016 by

    Posted on: May 7, 2015Categories: HR & Compliance

    On May 4, 2015, the Internal Revenue Service (IRS) released Revenue Procedure 2015-30 to announce the inflation-adjusted limits for health savings accounts (HSAs) for calendar year 2016. The IRS announced the following limits for 2016: The maximum HSA contribution limit; The minimum deductible amount for high deductible health plans (HDHPs); and The maximum out-of-pocket expense limit for HDHPs. These limits vary based on whether an individual has self-only or family coverage under an HDHP. ...

    Read More
1 … 12 13 14 15 16 … 67

connect with us