Our UNIQ Blog
Welcome to our blog! We will try and keep you up-to-date on news and regulations happening in the benefits world and share insights we think you can use and apply to your business. Subscribe below to stay abreast on things happening at UNIQ!
ACA Employer Mandate Penalties on the Rise
The penalties for not offering health insurance to your employees if you have 50 or more full-time or full-time equivalent employees in violation of the Affordable Care Act are set to rise again next year. The IRS has increased the fines for employers that fail to...
Insulin Makers Cap Prices for Insured Individuals
Three drugmakers, which account for roughly 90% of the insulin in the U.S. market, in March 2023 announced that they will cap the cost of insulin for people with private insurance plans. That includes those on employer-sponsored group health plans and plans purchased...
New Anti-Obesity Drugs Put Employers in a Quandary
A surge in demand for pricey, new and highly effective anti-obesity medications could put a financial strain on employers who sponsor their employees' health plans. Employers have long offered coverage for certain weight loss tools, such as bariatric surgery if...
2024 HSA Contribution Limits, HDHP Minimums, Maximums Set
The IRS has raised the maximum amount employees can funnel into their health savings accounts by 7.8% for 2024, the largest increase ever, brought to you by inflation. The IRS updates this amount annually, along with minimum deductibles as well as the out-of-pocket...
16 Surprising FSA and HSA Eligible Expenses Your Employees Should Know About
Employers offer flexible savings accounts and health savings accounts to their employees so they can build up funds with pre-tax dollars to pay for health care and related expenses. For the most part, people use their funds in FSAs and HSAs to reimburse themselves for...
PBMs Feeling the Heat on All Fronts
While drugmakers have been assailed for years for increasing their prices and driving the cost of medications higher and higher, there is another player in the health care space that is receiving increased scrutiny: pharmacy benefit managers. PBMs are intermediaries,...
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