InterWest Insurance Services

MARCH 16, 2023

The poll of 26 health benefits decision-makers at large firms, carried out by The Commonwealth Fund and the Employee Benefits Research Institute (EBRI), found that despite rising premium and health care costs, they felt obligated to offer health insurance instead of shunting employees to exchanges.

Health Insurance 92

Health Insurance Employment Out of Pocket Cost Health Savings Account 92

COMPackage

AUGUST 10, 2023

Research has proven that employees are more satisfied with their employer relationship if they receive an annual total compensation statement. And every employer wants to stand out with their employee benefits. Unfortunately, your brand can’t stand out if your benefits are only the ones every employer offers.

401(k) 52

401(k) Health Savings Account Health Insurance PTO 52

PeopleKeep

SEPTEMBER 26, 2022

When considering health insurance policies for your organization, you may have wondered if it’s better to have a low deductible health plan (LDHP) or a high deductible health plan (HDHP). While HDHPs have higher deductibles than LDHPs, as the name implies, there can be benefits to taking on the risk.

Deductions 52

Deductions Deductible Health Savings Account Health Insurance 52

InterWest Insurance Services

JUNE 16, 2022

Despite the job market upheaval and intense competition for talent, there is a mismatch between the value that human resources executives and job prospects put on employee benefits, according to a new survey. But the one issue hanging over all employee benefits, particularly health insurance, is the costs.

401(k) 90

401(k) Health Insurance Health Savings Account Human Resources 90

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. However, employees often are unaware of the myriad of goods and services they can spend their funds on.

Out of Pocket Cost 94

Out of Pocket Cost Health Savings Account Medical Health Insurance 94

InterWest Insurance Services

MAY 18, 2023

A new study has found that people enrolled in traditional PPOs and HMOs are more satisfied with their plans than those who are enrolled in high-deductible health plans. The study authors also surmised that it is often people who are new to health insurance who may be most attracted to HDHPs due to the lower premiums.

Out of Pocket Cost 95

Out of Pocket Cost Health Savings Account Deductions Deductible 95

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. It’s a balancing act, since each employee has different needs.

Out of Pocket Cost 68

Out of Pocket Cost Flexible Spending Account Health Savings Account Health Insurance 68

InterWest Insurance Services

JULY 20, 2022

It always takes more time than usual to onboard new employees — particularly ones who are new to the workforce altogether — to your employee benefits plans. If you can help them avoid amassing medical debt, and if they can get the most out of their benefits, you can increase worker satisfaction and retain key talent.

Education 88

Education 401(k) Deductions Deductible 88

InterWest Insurance Services

NOVEMBER 25, 2022

The IRS has released the 2023 maximum contribution amounts for health savings accounts and flexible spending accounts. You’ll want to make note of the changes when discussing your employee benefits during annual open enrollment. In order to have an HSA, an employee must be enrolled in an HDHP.

401(k) 83

401(k) Deductions Deductible Flexible Spending Account 83

PeopleStrategy

JULY 8, 2019

While the terminology related to healthcare and employee benefits may be second nature to HR professionals and benefits administrators, it is a good bet many of the terms are unknown or misunderstood by your employees.

Health Savings Account 82

Health Savings Account Deductions Deductible Healthcare 82

Flimp Communications

SEPTEMBER 25, 2024

As an HR professional, you deal with the consequences of health insurance illiteracy every day: Employees make poor choices based on incomplete knowledge or false assumptions, increasing frustration and driving up costs for your entire organization. Related: Health Insurance Key Terms, Explained.

Health Insurance 52

Health Insurance Insurance Health Savings Account Flexible Spending Account 52

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. Employees today expect more, and attracting the best will depend on offering the right perks.

Out of Pocket Cost 84

Out of Pocket Cost PTO 401(k) Deductible 84

PeopleStrategy

SEPTEMBER 17, 2019

more than half of whom were employed: What is interesting is that even those who were unemployed said they would not immediately accept a high-paying job that offered no health insurance or other meaningful benefits. These include: Health insurance and related services : These are the bread and butter of contemporary benefits.

Benefits Package 49

Benefits Package Comprehensive Benefits 401(k) Flexible Spending Account 49

Empuls

JULY 11, 2023

Alongside competitive salaries and career growth opportunities, companies are now offering a wide array of tax free or non taxable employee benefits to attract and retain top talent. These perks not only provide employees with financial advantages but also contribute to a more fulfilling and enjoyable work experience.

Employee Benefits 40

Employee Benefits roth 401(k) Flexible Spending Account 401(k) 40

Vantage Circle

SEPTEMBER 11, 2023

Imagine a world where managing employee benefits is no longer a daunting task but an empowering experience for HR teams and employees. With an innovative employee benefits platform, that world becomes a reality. Findings from the Blog? Importance of Having an Employee Benefits Platform in Place 1.

Employee Benefits 52

Employee Benefits Payroll Retirement Plan Software 52

McDermott Will & Emery Employee Benefits

APRIL 5, 2023

On March 29, 2023, the US Departments of Labor, Health and Human Services, and Treasury (the Departments) issued a set of Frequently Asked […] The post Preparing for the End of the COVID-19 Emergency: Tri-Agencies Issue FAQs to Assist Plans and Issuers appeared first on EMPLOYEE BENEFITS BLOG.

Employee Benefits 98

Employee Benefits Health Savings Account Health and Welfare Deductions 98

WEX Inc.

JULY 24, 2023

Fortunately, there’s an often overlooked way to help employees build wealth and prepare for retirement. And it’s a solution you might already be offering: the health savings account. These accounts provide another way for your employees to diversify their efforts to prepare for retirement. Yes,” Cook said.

Retirement Plan 98

Retirement Plan 401(k) Health Savings Account Taxes 98

InterWest Insurance Services

JANUARY 26, 2022

Only those that reported more than $10,000 in savings reported low levels of mental health issues. That highlights the need for employees to set aside funds for health care expenses through health savings accounts, flexible spending accounts and health reimbursement accounts.

Out of Pocket Cost 92

Out of Pocket Cost Deductions Deductible Flexible Spending Account 92

WEX Inc.

OCTOBER 17, 2024

As we approach the 2024 United States presidential election, Chris Byrd, senior vice president, health executive and, more broadly, head of Government Affairs at WEX, joined our Benefits Buzz podcast for an insightful conversation on how election years can influence employee benefits.

Employee Benefits 59

Employee Benefits Flexible Spending Account Health Savings Account Out of Pocket Cost 59