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Four High Deductible Health Plan Mistakes to Avoid

InterWest Insurance Services

With more than half of all private sector employees enrolled in high-deductible health plans , it’s important that employers have in place certain protocols to ensure that they are a success. Providers in an insurer’s network may charge vastly different rates for the same procedure.

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2022 Health Insurance Outlook, Changes

InterWest Insurance Services

As we enter 2022, there are a number of changes on the horizon that plan sponsors need to be aware of as they will affect group health plans as well as employees enrolled in those plans. 1, 2022, HDHPs must charge enrollees for telehealth services if they have not yet met their deductible. . That comes to an end Dec.

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Group Health Insurance Considerations For Staff Working Past Retirement Age

InterWest Insurance Services

If you decide to keep them on the company’s plan, how you handle their insurance depends on your size: Fewer than 20 employees — Employees who work for these firms will need to enroll in Medicare when they turn 65. Medicare will be the primary payer of health insurance claims for these workers under the law.

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Small Employers Can Reimburse for Medicare Part B, D Premiums

InterWest Insurance Services

As the workforce ages and many employers want to keep on baby-boomer staff who have the experience and institutional knowledge that is irreplaceable, one issue that always comes up is how to handle health insurance.

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Voluntary Benefits Improve Employee Satisfaction and Retention

InterWest Insurance Services

How voluntary benefits work Voluntary benefits are arranged by employers but either paid for by staff via payroll deduction or by the employers themselves. The employer deducts any fees or premiums for these benefits from employee paychecks and forwards them in a single batch to the benefit vendors.

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Four Ways to Ensure Your Group HDHP Will Fail

InterWest Insurance Services

With more than half of all private sector employees enrolled in high-deductible health plans , it’s important that employers have in place certain protocols to ensure that they are a success. Providers in an insurer’s network may charge vastly different rates for the same procedure.

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Employers Curtail Health Cost-Shifting to Workers

InterWest Insurance Services

One of the health insurance trends that went largely unnoticed in 2021 was that employers halted cost-shifting to their employees by reducing or holding steady workers’ deductibles and other cost-sharing. Additionally, despite average group health premiums growing 6.3%