Altiqe Professional Services

Dental and Vision Benefits are Inexpensive, and a Big Hit with Workers

Employers nationwide are looking for ways to attract and retain talent and differentiate themselves from competing employers, and many are looking to the two most popular voluntary benefits: employee dental and vision plans. That’s important in today’s tight job market. After all, a recent survey from CareerBuilder found that 55% of workers believed an employer’s menu of …

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Reporting Workers’ Comp Claims Late Can Push up Costs Newarly 50%

One of the keys to keeping the costs of a workers’ compensation claim from spiraling out of control is prompt claims reporting. Claims are routinely filed late, either by the injured worker who fails to report it to the employer, or the employer dawdling or procrastinating and not reporting the claim to its insurer. Either …

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More Employers Add Narrow Networks to Offerings

More employers are including narrow provider network insurance plans among their plan offerings to their employees to give them a lower-cost premium option. Narrow provider networks limit the number of covered providers included in health insurance plans. While these plans have been mainstays on Affordable Care Act marketplaces, employers have been slow to adopt them. …

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Cost of Commercial Property Insurance Surges Thanks to Inflation, Climate Change

As climate change continues to create more turbulent weather and natural catastrophes, commercial property insurance rates are still climbing — and the recent surge in inflation is adding fuel to the cost of coverage. While overall commercial property rates increased about 10% on average in 2021, rates surged between 25% and 40% in areas prone …

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IRS Sets Health Savings Account Maximums for 2023

The IRS has announced significantly higher health savings account contribution limits for 2023, with the amount increasing more than 5% for individual HSA plans. The new limits were announced in conjunction with other changes, such as increases in the minimum deductibles and maximum out-of-pocket expenses for high-deductible health plans (HDHPs). The IRS also announced rises …

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New Federal Law Bars Forced Arbitration for Workplace Sexual Harassment Claims

2 minute read President Biden has signed into law a measure that bars forced arbitration for workers who are victims of workplace sexual assault or harassment. The Ending Forced Arbitration for Sexual Assault and Sexual Harassment Act bars employment contracts from requiring employees to settle their claims through private arbitration instead of in a court …

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