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Author: Webber Advisors
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Understand Your Spending Power: What You Can Buy with Your FSA, HSA, or HRA | PA Benefits Team
Medical expense accounts can help you save on all kinds of healthcare costs. Here are some you may not know about yet. HSA, FSA, and HRA can typically be used for: Medical expenses: Doctor visits, surgeries, prescriptions, dental and vision care, and mental health services. Over-the-counter (OTC) medications: Many OTC medications, including pain relievers, allergy…
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Navigating the Alphabet Soup: HRAs, HSAs, and FSAs Explained| PA Benefits Consultants
Managing healthcare costs can feel like deciphering a complex code. Three acronyms frequently pop up: HSAs, HRAs, and FSAs. But what exactly do they mean, and which one is right for you? Let’s break down these accounts and explore how they can help you save on qualified medical expenses. Understanding the Accounts: Health Savings Accounts…
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Empowering Millennials: Building a Competitive Benefits Package | Pennsylvania Benefits Group
Today’s workforce is a mix of generations, but you can’t afford to overlook Millennials, the largest generation in the workforce. Known for their flexibility and problem-solving skills, Millennials bring a powerful combination of experience and value to any company. Millennials, also known as Generation Y, are a driving force in today’s job market. This generation…
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Benefits 101: What Is an HDHP? | PA Benefits Group
In today’s world of complex health insurance options, High Deductible Health Plans (HDHPs) have become increasingly popular. But with a name like “high deductible,” it’s natural to have questions. Let’s break down the basics of HDHPs: What is an HDHP? An HDHP is a health insurance plan with a higher deductible than traditional plans. This…
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Empowering Gen X: Building a Competitive Benefits Package | PA Employee Benefits Consultants
Today’s workforce is a mix of generations, and Gen X is a group you can’t afford to overlook. Known for their flexibility and problem-solving skills, Gen X employees bring a powerful combination of experience and value to any company. Gen X, those born between 1965 and 1980, makes up a significant chunk (27%) of today’s…
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Meet Marc McCall: Our New Employee Benefits Consultant
Webber Advisors is proud to introduce the newest member of our team, Marc McCall, who will serve as an employee benefits consultant. Marc focuses on delivering results in employee benefits by empowering employers and employees with guidance, data, transparency, and tools to navigate the employee benefit arena. Marc has spent 15 years of his professional…
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Benefits Breakdown July 2024| Pennsylvania Benefits Agency
Report: Health Care Costs Are 254% Higher for Privately Insured Patients Than Those With Medicare A new RAND report revealed that in 2022, private insurers paid hospitals an average of 254% more than what Medicare would have paid for the same services, a jump from 224% in 2020. The study found that 2022 prices for…
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Cyber Attacks: A Growing Business Interruption Threat| Pennsylvania Benefits Team
When you think about what usually causes a business interruption, natural disasters such as fires, earthquakes and floods probably come to mind first. These events can physically damage your property and equipment, making your workspace unusable for a time. The damages from Hurricane Katrina and Superstorm Sandy are great examples of how a natural disaster…
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HSAs Made Easy: Learn the Essentials and Protect Your Savings from Mistakes| Pennsylvania Benefits Partners
Health savings accounts (HSAs) have become a vital part of many employers’ benefits packages, offering employees a powerful tool to manage healthcare expenses while benefiting from tax advantages. However, managing HSAs goes beyond just facilitating contributions. It also involves understanding and addressing mistakes with distributions that employees might encounter. This article delves into the basics…
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PCORI Fee Filing Deadline | PA Benefits Advisors
The Patient-Centered Outcomes Research Trust Fund fee, often referred to as the PCORI fee, can be a source of confusion for employers offering health insurance plans. This article aims to simplify what the PCORI fee is, why it exists, and how it impacts your business. What is the PCORI Fee? The PCORI fee is an…
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