Remove 2022 Remove Benefits Package Remove Employee Benefits Remove Out of Pocket Cost
article thumbnail

The benefits of an HSA account

Higginbotham

If you have a high-deductible health plan, you must pay the deductible out-of-pocket before the plan starts covering its share of care costs – although the plan may cover certain preventative care costs before you meet the deductible. Employers can also choose to contribute to the HSA as an employee benefit.

article thumbnail

How to offer health insurance as a small business

Higginbotham

Employees don’t work for free. They want to be fairly compensated for their work, and that usually involves both wages and employee benefits. Although some small business owners may feel overwhelmed by the prospect of offering health insurance and other benefits, the many advantages can make the effort worthwhile.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to manage employer health care costs

Higginbotham

Health Insurance Costs Keep Rising Employers spend significant sums of money on employee health care – and the costs keep rising. per hour in September 2022. was benefits. In other words, benefits account for nearly one-third of a worker’s total compensation. Health insurance costs have been rising.

article thumbnail

Executive benefit reimbursement plans

Higginbotham

Even with health insurance, dental insurance and vision insurance, employees tend to end up with some out-of-pocket costs that aren’t covered by their various plans. A benefit reimbursement plan offers a way to cover these costs. According to Investopedia , the maximum benefit in 2022 is $1,800.