PeopleKeep

2 months ago | peoplekeep.com | Holly Bengfort

Health Insurance • February 6, 2025 at 10:45 AM • Written by: Holly Bengfort Navigating the complexities of health insurance coverage is often a challenge, especially for those with known medical conditions. With so many choices, confusing terms, and complicated eligibility requirements, it's easy to get lost. That's where guaranteed issue policies come in as a real lifesaver. They offer a beacon of hope for those with severe health conditions.

2 months ago | peoplekeep.com | Holly Bengfort

Health Benefits • February 5, 2025 at 5:57 PM • Written by: Holly Bengfort If you're seeking a budget-friendly approach to providing health benefits, you might find fully-insured plans less than appealing. They're expensive and don't offer transparency. A 2022 RAND study1 found that U.S. hospitals can sometimes charge patients 200-300% of what someone with Medicare would have paid for the same services.

2 months ago | peoplekeep.com | Holly Bengfort

Health Benefits • January 29, 2025 at 10:12 AM • Written by: Holly Bengfort The decision to offer health benefits can make a world of difference in your practice. It can boost employee morale, enhance workplace culture, and improve your firm's performance. However, due to tight budgets, many small independent law firms still overlook this critical aspect of their employment strategy.

2 months ago | peoplekeep.com | Elizabeth Walker

Health Benefits • January 29, 2025 at 2:01 PM • Written by: Elizabeth Walker Many employers who offer a group health plan self-fund their policy in an effort to increase flexibility and reduce costs. Because self-funding can be financially risky, employers who self-fund often add stop-loss coverage to their health insurance plan as a safety net from unexpectedly high claim volume.

Jan 24, 2025 | peoplekeep.com | Elizabeth Walker

Taxation • January 24, 2025 at 10:00 AM • Written by: Elizabeth Walker Offering a health reimbursement arrangement (HRA) as part of your total compensation package is a great way to attract and retain talented workers. But, employers that provide these pre-tax health benefits must understand their tax reporting obligations to ensure compliance with the IRS. W-2 reporting requirements vary based on the type of HRA you offer at your organization.