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2021 Plan Limits

Many employee benefit plans are subject to annual contribution limits and these may change each year due to inflation. Below are the plans that have updated contribution limits for 2021: HSA (Health Savings Account): Individual: $3,600 ($50 increase from 2020) Family: $7,200 ($100 increase from 2020) HDHP Out-of-Pocket Maximum (High Deductible Health…

Webinar: Workplace Wellness

Do workplace wellness programs work? Do they lower healthcare costs? Which strategies motivate employees to participate? We brought in our resident expert on workplace wellness, Maria Drees, to answer these questions during our November webinar: Workplace Wellness: Strategies to promote health and wellness at the workplace. Our presentation was centered…

Review Your Insurance Invoices

Any time your organization has new hires, terminations, or employee life event changes, get in the habit of reviewing your invoices from your insurance carriers. You’ll want to compare your insurance carrier invoices against the recent changes to make sure you are being invoiced the correct amount. Better yet, you…

Webinar: Open Enrollment Communication

It’s important for employers to effectively communicate with employees at benefits open enrollment time. Proper communication ensures that employees understand their benefits, why they should take advantage of benefits, and how those benefits will work once they begin. Communication is especially important right now as many employees are working odd…

Webinar: All Things COBRA

During our September 2020 webinar, we talked about All Things COBRA. COBRA (The Consolidated Omnibus Budget Reconciliation Act) requires employers to offer a continuation of group health benefits when a qualified event occurs (such as job loss) for qualified beneficiaries (such as workers and their families). While it can be…

2020 Benefits Trend Report

NFP’s 2020 US Benefits Trend Report is now available. This comprehensive, annual report of employee benefits trends provides you with data and analysis that will help you chart a course toward better outcomes for your organization and employees. Acumen is a proud member of Benefits Partners/NFP, the publisher of the report. Benefits Partners…

It’s the Most Wonderful Time of the Year…Or Is It?

By Michael Rozum, Advisor at acumen 2020 has been an extremely challenging year for everyone and for a variety of reasons. If you’re anything like me, you’re holding out hope that the rest of the year has to be better and you’re looking forward to the holidays. I can’t help but…

Webinar: 2020 HRA Overview

Our August webinar covered the info employers need to know in 2020 when it comes to their Health Reimbursement Arrangement (HRA) including: HRA Overview Types of HRAs 2020 Final Regulations ICHRA EBHRA If you missed the live session or would like to revisit it, use this link to access the…

Webinar: An Employer’s Guide to HSAs

What is an HSA? Health Savings Accounts can be complex for employers and employees. Our July 2020 installment of the acumen Webinar Series explained the HSA to make it easier for employers to administer these plans. Our discussion items included: Eligibility and Participation Contributions HSA administration CARES Act Updates If…

The Grass is Greener – Attracting and Retaining Employees

By Michael Rozum, Advisor at acumen It wasn’t too long ago that we were clamoring for mid-summer days with the warmth of the sun on our faces and higher temperatures. Compared to shoveling a foot of snow in the dark at 5:00PM and 0°F weather, that sounded like heaven. It’s…