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Employers Expect Higher Premiums, Little to No Cost-Shifting

InterWest Insurance Services

this year and at a faster clip in 2024 as inflation hits medical costs. ” At the same time the labor market is still very tight, requiring businesses to continue offering attractive pay and benefit packages. 24% said they would up employee cost-sharing, but by less than the projected increase.

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Budgeting and Prepping for Open Enrollment

InterWest Insurance Services

Going out of network is discouraged with high out-of-pocket costs. Preferred provider organizations – PPOs contract with hospital and provider networks to help control costs. While they will cover services outside of the network, the cost is higher than going in-network.

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Budgeting and Prepping for Open Enrollment

InterWest Insurance Services

Going out of network is discouraged with high out-of-pocket costs. Preferred provider organizations – PPOs contract with hospital and provider networks to help control costs. While they will cover services outside of the network, the cost is higher than going in-network.