Remove Education Remove Health Savings Account Remove Life Insurance Remove Out of Pocket Cost
article thumbnail

Four High Deductible Health Plan Mistakes to Avoid

InterWest Insurance Services

Failing to offer a health savings account The idea behind HDHPs is that the money employees save on premium can be funneled into an attached HSA, which can be used to reimburse out-of-pocket medical expenses. The key to ensuring that the HDHP is a success in part comes down to avoiding four common mistakes.

article thumbnail

Four Ways to Ensure Your Group HDHP Will Fail

InterWest Insurance Services

Failing to offer a health savings account The idea behind HDHPs is that the money employees save on premium can be funneled into an attached HSA, which can be used to reimburse out-of-pocket medical expenses. The key to ensuring that the HDHP is a success in part comes down to avoiding four common mistakes.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Executive benefit reimbursement plans

Higginbotham

Integrated health reimbursement arrangements are designed to work with the group health plan. 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. Explain who is covered.

article thumbnail

Employee benefits for small businesses

Higginbotham

Different health plan types come with both advantages and disadvantages, including differences in cost, risk and employee involvement/education. Disability Insurance and Life Insurance. Life insurance is a popular choice. This can leave workers with many out-of-pocket costs.