by nexbenstage | Apr 18, 2023 | Uncategorized
Health benefits are more important to employees than ever, but they are pushing company budgets to the limit. Employees want more personalized choices in their coverage options, but employers need to control costs. Are you feeling that pressure? There’s a...
by nexbenstage | Nov 9, 2022 | Uncategorized
ACA Filing Requirement for ICHRAs: IRS Form 1094 and IRS Form 1095 The Affordable Care Act (ACA) requires all companies that sponsored an Individual Coverage Health Reimbursement Arrangement (ICHRA) during the past year to file tax forms 1094 and 1095 with the...
by nexbenstage | Nov 2, 2022 | Uncategorized
John Kelly, Nexben CEO, recently wrote an article for BenefitsPRO. He breaks down how ICHRAs are radically changing the benefits space, especially when it comes to rising insurance costs. Read more below. [Article originally appeared on BenefitsPRO here] The cost of...
by nexbenstage | Oct 19, 2022 | Uncategorized
Note: This article was originally published on August 19, 2021. Because of the continuing public health emergency, we have updated for timeliness and accuracy. On October 13, 2022, the Secretary of Health and Human Services announced an extension of the...
by nexbenstage | Aug 29, 2022 | Uncategorized
When most of us shop for something, there are a series of questions we ask ourselves: Is this a want or need?Do I ‘need’ this right now?Where do I go to get it?What item will best fit my need or want?How much does it cost?Can I afford it?How am I going to pay for it?...
by nexbenstage | Aug 10, 2022 | Uncategorized
The IRS has released a new benchmark rate of 9.12% to determine affordability of employer-sponsored health benefits (such as ICHRAs) offered in 2023. This is down from 9.61% for 2022 and is the lowest affordability rate to date. This rate was established by the...
