Maximizing Your MERP Benefits Understanding the ins and outs of healthcare can feel like a complex puzzle. Rising healthcare costs that traditional insurance can’t always cover raise some challenges for insurance producers and employers. However, there are ways of combating high healthcare costs. For insurance providers, understanding medical expense reimbursement plans (MERPs) is key to offering […]

How to Reduce Healthcare Costs With a MERP Many families worry whenever they have to deal with medical conditions and associated medical expenses. In 2023, the annual medical cost for a family of four in the U.S. was $31,065. To provide relief from medical expenses, employers offer various forms of healthcare plans or benefits for their employees. […]

Future Trends in Health Benefits Healthcare in the USA is becoming increasingly costly and complex for employers, employees and insurance companies. According to a 2023 report by KFF, the average annual premium for employer-sponsored family health coverage reached $23,968, marking a 7% increase from the previous year. As healthcare expenses continue rising, finding comprehensive cost-containment […]

Health insurance can be a significant expense for small businesses, but employers don’t have to forego this competitive employee benefit to save costs. Instead, they can use a medical expense reimbursement plan to bridge the gap between offering nothing or a full-fledged health care plan. MERPs also bring other advantages besides helping employers afford to […]

Common Misconceptions of a MERP According to the latest statistics from the American Medical Association, each person in the U.S. spends an average of $13,493 on healthcare in 2022. That’s a significant portion of many employees’ annual salaries. Businesses that cover part of these medical expenses help encourage employee loyalty while helping staff prioritize their well-being. As […]

What you need to know about using a MERP strategy   WRITTEN BY ERIC CALCIANO, Managing Partner at New City Insurance Originally appeared on Issuu.com and featured in California Broker Magazine Looking for a robust tool for employers seeking to manage healthcare costs effectively? Take a look at Medical Expense Reimbursement Plans (MERPs). Not just […]

Many employers choose Section 105 medical reimbursement plans to save on taxes. Employers and employees alike can benefit from Section 105 plans, but the specific benefits your company can enjoy depend on your organization’s needs. If you are an employer looking to learn more about an alternative way of funding medical costs, Section 105 plans, […]

There are many employer benefit funding options that maintain pre-tax status with the IRS. One common plan is referred to as an HRA, or Health Reimbursement Arrangement. Some employers allow their workers to direct payroll deductions into an FSA to cover certain medical expenses on a pre-tax basis. Others offer to purchase transit passes on […]