Employer Connection

APRIL 9, 2024

Employees can shop for medical procedures provided by doctors and facilities in their area to find high-quality, affordable care and get an out-of-pocket cost estimate. The easy-to-use, intuitive tool is offered at no additional cost to covered employees via their employer-sponsored plan.

Healthcare 40

Healthcare Out of Pocket Cost Life Insurance Medical 40

InterWest Insurance Services

MARCH 22, 2022

The Department of Health and Human Services has issued some new “frequently asked questions” for its Affordable Care Act pages, and new guidelines that require health plans to expand what they are required to cover with no cost-sharing.

Out of Pocket Cost 98

Out of Pocket Cost Insurance Medical Consulting 98

InterWest Insurance Services

JANUARY 27, 2023

Even if you are providing them with a robust plan, there are often out-of-pocket cost-sharing and deductibles to contend with. For employees in high-deductible health plans, the costs can be steep. Many preventative services are covered with no out-of-pocket cost-sharing, but checkups usually are not.

Out of Pocket Cost 98

Out of Pocket Cost 401(k) Deductions Deductible 98

Higginbotham

FEBRUARY 21, 2023

Cost Sharing in Insurance Although insurance companies take responsibility for many of the costs that arise, policyholders are also responsible for some out-of-pocket costs on top of the premium. This is called cost sharing, and it’s common in many types of insurance. What about the out-of-pocket maximum?

Health Insurance 52

Health Insurance Out of Pocket Cost Insurance Deductions 52

InterWest Insurance Services

OCTOBER 6, 2022

They may look at a low premium without considering the cost on the back end in terms of a higher deductible and/or other out-of-pocket expenses. Break expenses down with different health care scenarios and the associated out-of-pocket costs based on the plan they have.

Out of Pocket Cost 96

Out of Pocket Cost Deductions Deductible Health Insurance 96

PeopleKeep

DECEMBER 29, 2021

Whether or not you’ll have any out-of-pocket costs. We’ll cover: Why someone might have two health insurance plans. How to coordinate primary and secondary health insurance plans. How to determine which insurance is primary and which is secondary.

Health Insurance 105

Health Insurance Insurance Out of Pocket Cost Medical 105

InterWest Insurance Services

APRIL 18, 2024

Studies show that one in four adults skips needed care or medications due to cost. Consider adding a direct primary care benefit, which allows workers and covered family members unlimited appointments with their primary care physician with no out-of-pocket costs. Offer mental health or sick day leave.

Out of Pocket Cost 52

Out of Pocket Cost Parental Leave Work From Home Insurance 52

PeopleKeep

FEBRUARY 16, 2022

One of the biggest factors is how high your out-of-pocket costs will be. There are many factors to consider when it comes to selecting health insurance. One option that appeals to many employers is the zero-deductible health plan because it means the insurance company will start accepting claims from the very beginning.

Deductions 98

Deductions Deductible Out of Pocket Cost Health Insurance 98

PeopleKeep

JANUARY 18, 2022

For many employers offering a group health insurance plan, adding a supplemental benefit in addition to the group plan can help offset your employees’ out-of-pocket costs. This is especially true with high deductible health plans (HDHPs) that require employees to pay a higher amount on their own before their insurance kicks in.

Out of Pocket Cost 98

Out of Pocket Cost Insurance Carriers Health Insurance Deductions 98

InterWest Insurance Services

AUGUST 10, 2023

In the crosshairs In theory, the PBMs should pass these rebates back to the individuals who are prescribed the medication so that they can reduce their out-of-pocket costs. Those rebates can be significant.

Out of Pocket Cost 98

Out of Pocket Cost Manufacturing Insurance Medical 98

InterWest Insurance Services

JUNE 2, 2023

For the most part, people use their funds in FSAs and HSAs to reimburse themselves for out-of-pocket costs like copays, health insurance deductibles and the cost of prescription medications.

Out of Pocket Cost 98

Out of Pocket Cost Health Savings Account Medical Health Insurance 98

Employer Connection

SEPTEMBER 12, 2023

Employees can shop for medical procedures provided by doctors and facilities in their area to find high-quality, affordable care and get an out-of-pocket cost estimate. The easy-to-use, intuitive tool is offered at no additional cost to covered employees via their employer-sponsored plan.

Healthcare 40

Healthcare Out of Pocket Cost Life Insurance Medical 40

InterWest Insurance Services

NOVEMBER 22, 2023

Take advantage of essential services To keep their disease from worsening or to identify possible health issues that may be developing, it’s vital that plan enrollees take advantage of preventive services that the Affordable Care Act requires be offered with no out-of-pocket costs: Screenings and counseling.

Out of Pocket Cost 98

Out of Pocket Cost Education Insurance Health Insurance 98

Benefit Resource Inc.

JANUARY 4, 2023

The two-year renewal of pre-deductible telehealth coverage will allow employers and their employees better access to healthcare services without having to pay large out-of-pocket costs. For employees, this means they have more options when accessing healthcare services without having to worry about large out-of-pocket costs.

Deductions 40

Deductions Deductible Out of Pocket Cost Healthcare 40

InterWest Insurance Services

MAY 26, 2023

In the crosshairs In theory, the PBMs should pass these rebates back to the individuals who are prescribed the medication so that they can reduce their out-of-pocket costs. Those rebates can be significant.

Out of Pocket Cost 98

Out of Pocket Cost Manufacturing Insurance Medical 98

Employer Connection

JUNE 15, 2023

Employees can shop for medical procedures provided by doctors and facilities in their area to find high-quality, affordable care and get an out-of-pocket cost estimate. The easy-to-use, intuitive tool is offered at no additional cost to covered employees via their employer-sponsored plan.

Healthcare 40

Healthcare Out of Pocket Cost Life Insurance Medical 40

Money Talk

JUNE 29, 2022

Among the culprits: climate change, higher costs for labor and supplies to repair houses and cars, and higher out-of-pocket costs for employer-provided health insurance. Now is a good time to explore money-saving strategies to reduce insurance costs. have generally trended up.

401(k) 245

401(k) Out of Pocket Cost Finance Flexible Spending Account 245

McDermott Will & Emery Employee Benefits

JANUARY 14, 2022

The post Are Out-of-Pocket Costs on Their Way Out? At-Home COVID-19 Testing and Expanded Preventative Healthcare for Women and Children appeared first on EMPLOYEE BENEFITS BLOG.

Out of Pocket Cost 70

Out of Pocket Cost Healthcare Government Employee Benefits 70

Wellable

SEPTEMBER 22, 2021

While coverage kicks in immediately for heterosexual couples, resulting in zero out-of-pocket cost for treatment, the policy's discriminatory rules require LGBTQ patients to pay thousands of dollars out of pocket before their coverage kicks in.

Out of Pocket Cost 54

Out of Pocket Cost Taxes 54

Benefit Resource Inc.

APRIL 20, 2023

If you have a high deductible health plan, which can be paired with an HSA (Health Savings Account), talk to your insurer or employer about any available discounts or incentive programs that may reduce your out-of-pocket costs.

Out of Pocket Cost 83

Out of Pocket Cost Flexible Spending Account Flexible Spending Health Savings Account 83

InterWest Insurance Services

JANUARY 5, 2023

With Americans increasingly struggling to pay their health care bills, more employers are shying away from only offering their workers high-deductible health plans (HDHPs) that reduce premiums up front for higher out-of-pocket costs for workers.

Out of Pocket Cost 92

Out of Pocket Cost Employment Health Insurance Deductions 92

InterWest Insurance Services

APRIL 27, 2023

Some employers have gravitated towards HDHPs to reduce their and their employees’ overall premium spend, but these plans come at a cost: more out-of-pocket costs for workers.

Health Insurance 98

Health Insurance Insurance Out of Pocket Cost Deductions 98

PeopleKeep

OCTOBER 29, 2021

Employers offering a high deductible health plan (HDHP) have several ways to offset the higher out-of-pocket costs and make the benefit more meaningful for employees. One way is to offer a health savings account (HSA) alongside the HDHP.

Out of Pocket Cost 52

Out of Pocket Cost Health Savings Account Health Insurance Deductions 52

InterWest Insurance Services

OCTOBER 20, 2022

The Centers for Medicare and Medicaid Services’ transparency rules were implemented to shine the light on what hospitals charge for their various medical services, the negotiated rates insurers have with health plans and the out-of-pocket costs enrollees can expect to pay for these services.

Hospitality 98

Hospitality Out of Pocket Cost Insurance Medical 98

InterWest Insurance Services

AUGUST 10, 2022

Among HDHP plans that expanded pre-deductible coverage to 116 drug classes used to manage expensive long-term, chronic medical conditions, the cost of these drugs was almost entirely offset by reduced health care utilization. no deductible and no coinsurance), the net impact on premiums was an increase of 4.7%.

Deductions 98

Deductions Deductible Family and Medical Leave Act Health Savings Account 98

Employer Connection

FEBRUARY 3, 2023

and who use Healthcare Bluebook will see estimated out-of-pocket costs, based on their plan. Remind your covered employees to use Healthcare Bluebook TM for help in locating doctors and facilities in their area with the best quality and price on a medical test, imaging or procedure.

Healthcare 40

Healthcare Out of Pocket Cost Life Insurance Medical 40

InterWest Insurance Services

JULY 13, 2023

Strategies include making plan design changes to steer patients to specialty pharmacies, focusing on the site of care and seeking support from drugmakers to reduce enrollee out-of-pocket costs and demanding integrated managed care from health plans and the pharmacy benefit managers with which they contract.

Employment 98

Employment Out of Pocket Cost Health Insurance Health Savings Account 98

Benefit Resource Inc.

FEBRUARY 21, 2024

HSAs enable employees to save pre-tax dollars for qualified medical expenses, including deductibles, copayments, and other out-of-pocket costs. By offering HSAs, employers empower their workforce to take control of their health expenses proactively.

Health Savings Account 52

Health Savings Account Out of Pocket Cost Deductions Deductible 52

Employer Connection

DECEMBER 5, 2022

They also can see estimated out-of-pocket costs, based on their health benefit plan. The easy-to-use, intuitive tool from Healthcare Bluebook is offered at no additional cost to covered employees via their employer-sponsored plan. Employees covered under a plan administered by Star Marketing and Administration, Inc.,

Out of Pocket Cost 40

Out of Pocket Cost Life Insurance Healthcare Insurance 40

InterWest Insurance Services

SEPTEMBER 27, 2023

Employees have a right to understand the costs they’ll be facing in each plan, including: Their share of the premium, Their deductible, Their copays or coinsurance, and Other out-of-pocket expenses. Typically, the higher the premium on a plan, the lower the employee’s out-of-pocket costs are.

Out of Pocket Cost 93

Out of Pocket Cost Flexible Spending Account Health Savings Account Health Insurance 93

HR Digest

MARCH 24, 2023

In January, the Inflation Reduction Act capped the monthly out-of-pocket insulin costs at $35 for seniors on Medicare. Reducing out-of-pocket cost-sharing for insulin does mean payers and insurers may be covering a greater share of the costs.

Out of Pocket Cost 52

Out of Pocket Cost Pharmaceutical Hospitality Medical 52

PeopleKeep

NOVEMBER 12, 2021

If you’re looking to supplement your organization’s group health insurance plan to help cover your employees’ out-of-pocket costs, you have two main options: Section 105 plans , such as the group coverage HRAs (GCHRAs), and Section 125 cafeteria plans , such as health savings accounts (HSAs).

Health Savings Account 52

Health Savings Account Out of Pocket Cost Health Insurance Deductions 52

InterWest Insurance Services

MAY 11, 2023

Of course, there will likely be some out-of-pocket costs for your employees that use these services under their group health plans. These services include outpatient and inpatient treatment, telemedicine, medication and counseling. Each of these attributes can be vital for treating mental illnesses.

Family and Medical Leave Act 98

Family and Medical Leave Act Employment Parental Leave Out of Pocket Cost 98

Benefit Resource Inc.

FEBRUARY 2, 2023

Employees have a better chance of managing out-of-pocket spending when they understand how their out of pocket expenses can be reduced and what type of savings will come along with that. To help you get started, here are 6 tips to help employees manage their out-of-pocket expenses.

Out of Pocket Cost 98

Out of Pocket Cost Insurance Carriers Management Finance 98

InterWest Insurance Services

JULY 6, 2023

More and more insurers are expanding the use of telemedicine, just as a new study shows promising cost savings of up to 25% from virtual care when implemented properly.

Insurance 95

Insurance Out of Pocket Cost Hospitality Health Savings Account 95

InterWest Insurance Services

MARCH 16, 2023

Finally, treading into ICHRA territory requires foresight and planning and companies have to prepare for possible blowback if the employees don’t like the exchange experience or can’t get the same coverage at the same out-of-pocket cost to them as they did before.

Health Insurance 98

Health Insurance Employment Out of Pocket Cost Health Savings Account 98

InterWest Insurance Services

DECEMBER 28, 2021

But if you have an 80-20 plan, your worker is still responsible for her deductible (averaging over $1,600), plus 20% of that cost, or over $6,000. That leaves your worker exposed to a total out-of-pocket cost of over $7,600. Few people can cover that.

Voluntary Benefits 98

Voluntary Benefits Hospitality Insurance Out of Pocket Cost 98