Benefits Package Deductions Insurance Out of Pocket Cost 
InterWest Insurance Services
DECEMBER 28, 2021
For example, even with insurance, treating a broken leg or undergoing emergency appendicitis surgery can mean thousands of dollars in out-of-pocket medical costs. Hospital indemnity insurance. The worker can use this cash benefit for any purpose, including: Deductibles. Coinsurance. Transportation.
Higginbotham
FEBRUARY 21, 2023
You’re reading your health insurance policy and come across a coinsurance clause. Here’s what you need to know about this common insurance term. This is called cost sharing, and it’s common in many types of insurance. Cost sharing helps insurance companies and policyholders achieve certain goals.
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InterWest Insurance Services
JULY 13, 2023
Employers who were surveyed for a new report expected that group health insurance premiums would increase 5.4% 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. .”
InterWest Insurance Services
SEPTEMBER 27, 2023
It’s almost time for group health insurance open enrollment and your top priority should be to drive participation by helping your employees make informed decisions about their options. Engage employees and solicit feedback through quarterly employee-benefits round table meetings. Get an early start If your plan year starts Jan.
Business Management Daily
APRIL 29, 2024
Different benefits appeal to different teams, but what matters most is providing more than just the bare minimum—health insurance, workers’ compensation, and a competitive salary. In this blog, we’ll talk about different types of fringe benefits and how employers can make the most of what’s available.
Higginbotham
JANUARY 27, 2023
They want to be fairly compensated for their work, and that usually involves both wages and employee benefits. Although some small business owners may feel overwhelmed by the prospect of offering health insurance and other benefits, the many advantages can make the effort worthwhile. Health insurance matters to employees.
Higginbotham
NOVEMBER 28, 2022
To contribute to an HSA, you must enroll in a high-deductible health plan. If you have a high-deductible health plan, you must pay the deductible out-of-pocket before the plan starts covering its share of care costs – although the plan may cover certain preventative care costs before you meet the deductible.
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