With COVID-19 no longer a declared public health emergency, many company leaders are pushing for employees to return to the office. However, many workers who got comfortable working remotely are resisting the return. As a compromise, employers have introduced hybrid work models in their reopening plans. By definition, a hybrid workplace is a flexible model designed to support a distributed workforce of both on-site a

The United States has one of the highest costs of prescription drugs in the world. On average, Americans spend around $1,200 on prescription drugs each year! That statistic will likely rise , as prescriptions are more expensive than ever. One in 4 Americans are paying more for their medicine than they were one year ago. Because of this, we gathered some tips for saving money on prescription drugs. Compare prices It’s

Life insurance is never pleasant to talk about, but it is recommended to purchase a policy if you want to take care of your loved ones when you pass away. It is one of the most common employer-provided benefits. There are a few different types, depending on premium costs and investment options. Learning which policy best suits your and your family’s needs can be confusing, so we simplified the process by listing your

Health care can get expensive, especially if you or your family experiences injuries or illnesses that frequently land you in the doctor’s office or hospital. If you are looking for ways to spend less on health care, consider these tips. Understand how your health plan works. Read your health insurance benefits summary to know what is covered and what your portion of the bill will be for different services and

Voluntary benefits, also known as supplemental insurance, are becoming increasingly common among employers as a tactic to attract and retain top-performing employees. Earlier this year, the Bureau of Labor Statistics reported that for every one unemployed person there are two open jobs available. That means that candidates have options to consider when joining a team, and businesses are competing with each other to h

Each year by June 1, the IRS must announce inflation-adjusted limits for health savings accounts and high deductible health plans. On April 29, 2022, the IRS released Revenue Procedure 2022-24 to provide the inflation-adjusted limits for HSAs and HDHPs. The adjusted HSA limits will take effect on Jan. 1, 2023, and the adjusted HDHP cost-sharing limits take effect for plan years that begin on or after Jan. 1, 2023. Th

The Department of Labor, Health and Human Services and the Department of Treasury recently passed a new law to promote transparency in health care coverage. Starting with plan years beginning on or after Jan. 1, 2023, group health plans and health insurance carriers must make an internet-based price comparison tool available to participants, beneficiaries and enrollees. Keep reading to learn more about what this law

Pay and benefits are among the biggest deciding factors when an employee accepts an offer to work at a company. While a paycheck can show how much an employer invests in a worker, there’s much more under the surface that employees may not realize. Many employees aren’t aware of how much compensation they receive from their employers beyond their salaries. A total compensation statement can provide guidance on how muc

We’re excited to announce that for the second consecutive year, CanopyNation earned the Top Employee Benefits Consultant Award from Mployer Advisor, the leading independent platform for employers to research, review and evaluate insurance advisors. The award recognizes esteemed brokers that demonstrate market-leading competencies and a proven track record of success among employers, insurance providers, and pee

Hiring an employee benefits firm to manage your company’s benefits plans has its advantages. Instead of managing your company’s employee benefit packages in-house, experts at a firm like CanopyNation know the latest local and federal regulations regarding labor workforces and have access to a range of insurance providers and offerings. Partner firms of United Benefit Advisors® offer even more advantages to companies.