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IRS HDHP-HSA Plans May Cover Coronavirus Costs as Preventive Care

AssuredPartners

{"ops":[{"insert":"Today, in "},{"attributes":{"link":"[link] Notice 2020-15"},{"insert":", the Internal Revenue Service advised that HDHPs (High-Deductible Health Plans) can pay for 2019 Novel Coronavirus (COVID-19)-related testing and treatment, without jeopardizing their status.

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Baby Health Insurance Playbook: 5 Steps to Plan for a Newborn

Corporate Synergies

A flexible spending account (FSA), which can be used to cover childcare and medical costs tax-free. A health savings account (HSA), which can also be used to cover medical expenses tax-free. But increasingly, doctors offer additional genetic screening and diagnostic tests that may not be covered under insurance.

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Why you should offer Blue Cross Blue Shield Massachusetts health care to your employees

Genesis HR Solutions

Power ranked Blue Cross Blue Shield of Massachusetts number one in member satisfaction among all commercial health plans in Massachusetts. In 2019, BCBS Massachusetts achieved the highest score for coverage and benefits, provider choice, information and communication, and billing and payment. Health Savings Account.

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Creating the “Urgent Care First” Mindset for Employee Benefits

Corporate Synergies

From 2009 to 2016 (the most recent data available), the average amount that hospitals billed insurance carriers for an emergency room visit more than doubled, from $600 to $1,322. © 2019 Corporate Synergies Group, LLC. The cost to the employer (and often the employee) is often far less than the ER.

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4 Necessary Steps to a Successful Long-term Benefits Strategy

Corporate Synergies

I have seen many organizations implement new tactics, such as a health savings account (HSA). Self funding also provides more plan design flexibility and eliminates the internal costs that an insurance carrier builds into a plan for profit. © 2019 Corporate Synergies Group, LLC.