Author: Webber Advisors
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Information Is Power – Be an Informed Healthcare Consumer! | PA Benefits Advisors
With health care costs on the rise, it’s more important than ever to take responsibility for your medical care choices. Asking questions and researching your options are good ways to start taking control of how much you spend on health care. Becoming an educated healthcare consumer is important for making informed decisions about your health and…
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Quarterly Market Update Q2 2023 | Pennsylvania Benefits Group
Review Stocks are off to a hot start as we venture into the second half of 2023, setting a blazing pace for the year. Leading the charge is the NASDAQ, which has soared an impressive 36% year-to-date. This remarkable surge can be largely attributed to the resurgence of tech stocks which were beaten up in…
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12 Ways HR Can Calm Fears about ChatGPT and AI Replacing Humans | PA Benefits Firm
Artificial intelligence (AI) is creating a swirling sense of anxiety, depression, excitement, and joy all at once. Many people want to use AI to make their work easier, to become more efficient. However, they are also fearful that the robots may replace them. Human Resources professionals have an obligation to prepare the workforce for a future in…
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Benefits Breakdown – July 2023 | PA Employee Benefits Advisors
Managing Costs Associated With Cell and Gene Therapy Cell and gene therapy (CGT) is a treatment that modifies a patient’s genetic code to treat or cure specific diseases. These treatments have the potential to enhance patient care and outcomes, but they come at a very high cost. While there’s an urgency to bring CGT to…
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Financial Safety Nets: Don’t Let Your Employees Fall Through the Cracks! | PA Employee Benefits Agents
In the wake of the Great Depression and WWII, employers started to add benefits packages. Healthcare had fallen by the wayside for families working to access the basic necessities of life. The idea was to support the employee’s personal needs while keeping and attracting the best talents in the workforce. This trend of offering benefits…
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Benefits 101: What Is an EAP? | Pennsylvania Benefits Agency
As much as employers might prefer that employees’ personal affairs do not interfere with their work, the reality is that problems outside of the workplace can and do impact job performance. Many of these issues go unaddressed due to fear of stigmatization, leading to further declines in employee health and productivity. Anxiety and stress, financial…
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Benefits 101: What is an HSA? | Pennsylvania Benefits Partners
Are you the type of person who loves to save money? You’ll be happy to know that there’s a way to do so with your health care costs. It starts with medical expense accounts which let you set aside money to pay for certain health products and services. One type of medical expense account is…
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What Is a Total Rewards Package? | PA Benefits Advisors
Total rewards packages refer to the compensation and benefits plans that companies offer. This phrase, however, extends beyond mere salary or wages and traditional benefits, like health insurance, to provide both recruits and employees with a rundown of what makes the employer special. Some in Human Resources might regard the total rewards package as the…
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Health Savings Account (HSA) & High-Deductible Health Plan (HDHP) Annual Contribution Limits Will Increase for 2024
The Internal Revenue Service (IRS) released Revenue Procedure 2023-23 providing for the annual Cost-Of-Living-Adjustments (COLA) for Health Savings Accounts (HSA) and High-Deductible Health plans (HDHP) for the 2024 plan year. Conclusion Plan sponsors should ensure their plan documents, enrollment materials and other plan documents are up to date. Have questions? Work with your Webber Advisors…
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Benefits Buzz June 2023 | PA Benefits Firm
HSA/HDHP Limits Increase for 2024 On May 16, 2023, the IRS released Revenue Procedure 2023-23 to provide the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2024. The IRS is required to publish these limits by June 1 of each year. These limits include: The maximum HSA contribution limit…
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