InterWest Insurance Services

JANUARY 18, 2024

With more than half of all private sector employees enrolled in high-deductible health plans , it’s important that employers have in place certain protocols to ensure that they are a success. HSAs are tax-advantaged accounts that allow enrollees to save up to pay qualified medical expenses.

Out of Pocket Cost 59

Out of Pocket Cost Deductions Deductible Voluntary Benefits 59

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 86

Out of Pocket Cost 401(k) Deductions Deductible 86

InterWest Insurance Services

JANUARY 26, 2022

Nearly 40% of employers surveyed by the Kaiser Family Foundation in November 2021 said that they had made changes to their mental health and substance abuse benefits since the pandemic started. Health care affordability also correlates to sacrifices in care, including mental health care. The Centivo report found that: S.

Out of Pocket Cost 95

Out of Pocket Cost Deductions Deductible Flexible Spending Account 95

InterWest Insurance Services

APRIL 27, 2023

The HDHP effect The report found that health maintenance organizations and preferred provider organizations continue to dominate the landscape in group health benefits for SMBs. Gap plans can help by providing coverage when employees have not met their health care deductible.

Health Insurance 86

Health Insurance Insurance Out of Pocket Cost Deductions 86

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.

Out of Pocket Cost 84

Out of Pocket Cost PTO 401(k) Deductions 84

InterWest Insurance Services

JUNE 2, 2023

Employers offer flexible savings accounts and health savings accounts to their employees so they can build up funds with pre-tax dollars to pay for health care and related expenses.

Out of Pocket Cost 97

Out of Pocket Cost Health Savings Account Medical Health Insurance 97

InterWest Insurance Services

JULY 13, 2023

Employers are also taking different steps to make health insurance more affordable for their staff, particularly those at the lower end of the wage spectrum: 15% of employers offer free employee-only coverage in at least one plan. 39% offer a medical plan with no or a low deductible or cost-sharing (e.g., copay plan).

Employment 90

Employment Out of Pocket Cost Health Insurance Health Savings Account 90

InterWest Insurance Services

MARCH 16, 2023

.” — Benefits executive at an insurance company Some of the interviewees said that funding ICHRAs and sending their workers to ACA exchanges would rob the company of the opportunity to help workers manage expensive health conditions. But likely the biggest reason for not taking the ICHRA leap is the effect on employee satisfaction.

Health Insurance 95

Health Insurance Employment Out of Pocket Cost Health Savings Account 95

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 72

Out of Pocket Cost Flexible Spending Account Health Savings Account Health Insurance 72

InterWest Insurance Services

MARCH 4, 2022

As rising health insurance premiums and out-of-pocket costs for health care are burdening workers, more employers are looking for ways to help their staff put aside money for those expenses. Fortunately, there is another option: a health reimbursement arrangement (HRA). Long-term care premiums.

Medical 91

Medical Health Insurance Out of Pocket Cost Deductions 91

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. Most large health carriers have adopted some form of telemedicine by either contracting with a tech provider to manage the interface or by purchasing a tech platform.

Insurance 77

Insurance Out of Pocket Cost Hospitality Health Savings Account 77

Benefit Resource Inc.

SEPTEMBER 22, 2020

Check out this blog on redefining jargon.). Determining out of pocket expenses can be a bit more difficult. You’ll also want to factor in your deductible. Your deductible is the amount of money you need to pay before insurance begins to cover costs. (Need a refresher on healthcare terms?

Out of Pocket Cost 81

Out of Pocket Cost Deductions Deductible Healthcare 81

Benefit Resource Inc.

JUNE 6, 2019

From ACA marketplace insurance, to private and group health insurance. And by “free” I mean you don’t have to pay even if you haven’t met your deductible or if you have a cost-sharing program that typically involves a co-pay or co-insurance. Here’s the clincher: Diagnostic versus screening.

Out of Pocket Cost 61

Out of Pocket Cost Health Savings Account Mining Healthcare 61

AssuredPartners

MARCH 31, 2020

Consumers may also receive reimbursement for OTC purchases through those accounts. It does not have an expiration date.n"},{"attributes":{"bold":true},"insert":"Implementation Tips:"},{"insert":"nNo changes are necessary to implement these changes to a Health Savings Account.

Health and Welfare 52

Health and Welfare Health Savings Account Out of Pocket Cost Flexible Spending Account 52

Benefit Resource Inc.

OCTOBER 24, 2019

But for those who don’t live in a daily world of healthcare jargon, what are out of pocket expenses? An out-of-pocket expense, according to HealthCare.gov , is “Your expenses for medical care that aren’t reimbursed by insurance. Pre-tax Account You Can Enroll In*. Health Savings Account.

Out of Pocket Cost 45

Out of Pocket Cost Flexible Spending Account Flexible Spending Health Savings Account 45