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…
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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…
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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…
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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…
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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…
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Customization is Key – Providing a Range of Personalized Benefits

By Michael Rozum, Advisor at acumen Did you know there are more Subway restaurants around the world than there are McDonald’s? Contrary to what many might think, recent statistics show that Subway has about 8,000 more locations than its competitor. I’m sure there are a number of business and economic…
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2020 Plan Limits

Many benefit plan limits have changed for the upcoming calendar year. Click here to view the contribution limits for 2020 for your 401k plans, Health Savings Accounts (HSA), High Deductible Health Plans (HDHP), and Flexible Spending Accounts (FSA). Clients of Acumen Advisors are encouraged to contact their Advisor or Account…
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5 Things Every Benefit Administrator Should Know

Each company’s benefit administrator (or the person who serves as benefit admin and also wears several other hats!) must keep track of several important items when it comes to benefit enrollment. In the September installment of the acumen Webinar Series, 5 Things Every Benefit Admin Should Know, we explored some…
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Health Benefits Terminology… Explained!

Deductible… coinsurance… out-of-pocket. What do these terms mean? More importantly, how do these terms impact what you’ll pay for health care? In order to understand how your insurance company covers your claims and determine what you will owe to your healthcare provider, it can be helpful to first understand these terms.…
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