Benefit Resource Inc.

JANUARY 4, 2023

The 2023 spending bill signed into law on December 29th includes extending pre-deductible telehealth services coverage. This is excellent news for employers and HR professionals who want to provide employees with access to affordable healthcare services. WHAT IS PRE-DEDUCTIBLE TELEHEALTH COVERAGE?

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Deductions Deductible Out of Pocket Cost Healthcare 40

BerniePortal

SEPTEMBER 23, 2021

As the time nears for organizations to renew their health plan , many employees may become concerned if their health insurance deductibles are also set to renew. If an employee is on the cusp of meeting their deductible when it comes time for their health insurance plan to reset, it can be an understandable worry.

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Deductions Deductible Insurance Health Insurance 98

BerniePortal

JULY 14, 2021

When an organization renews health plans in the middle of the year, employees might worry that their deductible will reset. It’s an understandable worry; if they’re close to meeting their deductible and have to start all over again, it could impact their medical decisions and their financial health.

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Deductions Deductible Health Insurance Insurance 98

WEX Inc.

APRIL 25, 2024

High-deductible health plans (HDHPs) have become increasingly popular over the last few years by offering unique features and benefits that appeal to many individuals and families. An HDHP is a type of health plan characterized by its higher deductibles and typically lower premiums compared to traditional health plans.

Health Savings Account 52

Health Savings Account Deductions Deductible Out of Pocket Cost 52

Stratus.HR

OCTOBER 28, 2021

It’s no secret that healthcare costs have increased year after year for decades now. But what you may not know is major cost increases aren’t solely attributed to long-term illnesses; you can minimize costs by being a smarter healthcare consumer. Controlling Healthcare Costs Starts with You. Urgent Care vs Emergency Room (ER).

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Healthcare Insurance Health Insurance Insurance Carriers 78

Stratus.HR

JUNE 11, 2021

High Deductible Health Plans (HDHP) and Health Savings Accounts (HSA) are growing more and more popular each year. Well, there’s a flipside of HDHPs and HSAs that includes a higher deductible and added out-of-pocket costs. However, if it’s not part of your medical plan, that expense won’t go towards meeting your deductible.

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WEX Inc.

AUGUST 15, 2023

Assess your annual expenses Understanding your annual healthcare expenses is a fundamental step in selecting the right health plan. If you rarely require medical care and prefer to save on monthly premiums, a plan with a higher deductible and lower premiums might be suitable.

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Deductions Deductible Healthcare Flexible Spending Account 98

Business Management Daily

JUNE 29, 2022

However, HSAs must be paired with high-deductible health plans. The high deductibles continue to apply. The post The impact of Dobbs on employer provided healthcare appeared first on Business Management Daily. Your plan must be amended to allow for the roll-over option.

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Family and Medical Leave Act Healthcare Employment Medical 92

PeopleKeep

JUNE 29, 2022

As an employer, you always want to offer the best possible healthcare benefits for your employees. But with healthcare costs rising , making sure those health benefits options are also budget-friendly is also crucial.

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Healthcare Healthcare Benefits Flexible Spending Account Employment 94

HR Professionals Magazine

JUNE 28, 2023

As the healthcare landscape has evolved to value-based care, employers, payers and pharmacy benefit managers (PBMs) have implemented new strategies to improve quality of care and affordability. That’s why, now more than ever, it is imperative that healthcare is focused on the patient journey. Ninety percent of the nation’s $3.5

Healthcare 52

Healthcare Manufacturing Out of Pocket Cost Medical 52

Benefit Resource Inc.

DECEMBER 8, 2023

As we celebrate the 20th anniversary of Health Savings Accounts (HSAs), it’s time to reflect on the transformative impact this financial tool has had on healthcare and personal finance. Contributions are tax-deductible, earnings grow tax-free, and withdrawals for qualified medical expenses are also tax-free.

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Health Savings Account Flexible Spending Account Healthcare Taxes 98

PeopleKeep

DECEMBER 21, 2020

Savvy employers and consumers can take advantage of several types of tax reductions when it comes to healthcare costs.

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Taxes Healthcare Deductions Deductible 52

WEX Inc.

MAY 8, 2023

More employees are enrolling in a high-deductible health plan (HDHP) each year, including more than half of U.S. HDHP vs. PPO deductible Nearly two-thirds of large employers provide their employees with the choice of an HDHP and a traditional health plan , such as a preferred provider organization (PPO).

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Deductions Deductible Health Savings Account Employee Enrollments 97

Benefit Resource Inc.

APRIL 4, 2024

While traditionally associated with healthcare expenses, HSAs can play a pivotal role in retirement planning for your employees. Tax-Efficient Savings In retirement, healthcare expenses tend to increase. By contributing to an HSA throughout their careers, employees can accumulate savings earmarked specifically for healthcare costs.

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Employee Benefit News

APRIL 17, 2023

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Deductions Deductible Healthcare 91

Business Management Daily

APRIL 29, 2024

A good regular salary may have been enough years ago, back when government subsidies managed things like healthcare and retirement, but those programs have become less and less effective. However you may feel about the government’s responsibility to cover healthcare needs, it’s a fact that healthcare-related bankruptcies are on the rise.

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Out of Pocket Cost PTO 401(k) Deductions 84

WEX Inc.

OCTOBER 4, 2023

You must be enrolled in a high-deductible health plan (HDHP) to be eligible, which lowers you insurance premiums. Health savings accounts have a triple-tax advantage, meaning distributions for qualified medical expenses and investment returns are tax-free, and contributions are tax-deductible. When do I need access to my funds?

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401(k) Flexible Spending Account Health Savings Account Flexible Spending 98

WEX Inc.

MARCH 16, 2023

If you’re covered by an HSA-eligible health plan (or high-deductible health plan ), the IRS allows you to put as much as $3,650 per year (in 2022) into your health savings account (HSA). A health savings account gives you greater control of your healthcare expenses and potential savings. What is an HSA?

Health Savings Account 98

Health Savings Account Deductions Deductible Healthcare 98

Benefit Resource Inc.

FEBRUARY 7, 2024

Beyond being a traditional healthcare benefit, HSAs provide a win-win situation for both employers and employees. Understanding HSAs Health Savings Accounts are tax-advantaged savings accounts designed to help individuals and families with high-deductible health plans (HDHPs) cover medical expenses.

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Health Savings Account Healthcare Deductions Deductible 52

WEX Inc.

SEPTEMBER 14, 2023

It’s your best chance to evaluate your healthcare needs and identify opportunities to better support yourself and your family. Increasingly, employers are offering their employees both HSA-eligible health plans (or high-deductible health plans ) and traditional health plans. Open enrollment is around the corner for many of you.

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401(k) Health Savings Account Flexible Spending Account Healthcare 98

Employee Benefit News

NOVEMBER 17, 2023

Fred Turner, CEO of Curative, explains why employers need to break away from traditional health plans.

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Deductions Deductible Insurance Employment 113

Best Money Moves

MARCH 11, 2024

Affordable healthcare Healthcare costs are a major concern for employees, especially for those who earn lower wages. Average healthcare premiums for American families increased 7% in 2024, according to research from KFF. Retirement plans are tax deductible, flexible and are a great way to attract new talent to your business.

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Retirement Plan Healthcare Healthcare Benefits Parental Leave 91

WEX Inc.

SEPTEMBER 12, 2023

Understanding HSAs The number of health savings accounts (HSAs) has doubled nationwide in the last seven years , as more Americans turn to these accounts as a way to save on healthcare costs and prepare for retirement. To take advantage of an HSA, you need to participate in an HSA-eligible health plan (or high-deductible health plan).

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Employee Benefits Flexible Spending Account Health Savings Account Life Insurance 52

PeopleKeep

FEBRUARY 9, 2022

A health savings account (HSA) is an employee-owned account designed to set aside pre-tax money to pay for qualified medical expenses such as deductibles, copayments, coinsurance, and other out-of-pocket expenses included in IRS publication 502.

Health Savings Account 98

Health Savings Account Deductions Deductible Healthcare 98

Benefit Resource Inc.

MARCH 28, 2024

Know Your Pre-Tax Benefit Options Flexible spending accounts (FSAs): An FSA allows you to set aside pre-tax dollars for eligible healthcare expenses. This includes copayments, deductibles, prescriptions, and more. Health savings accounts (HSAs): HSAs are available to those with qualifying high-deductible health plans (HDHPs).

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Flexible Spending Account 401(k) Health Savings Account Flexible Spending 52

InterWest Insurance Services

JANUARY 5, 2023

With Americans increasingly struggling to pay their health care bills, more employers are shying away from only offering their workers high-deductible health plans (HDHPs) that reduce premiums up front for higher out-of-pocket costs for workers. Despite group health insurance costs expected to rise 5.4% Cost-cutting.

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Out of Pocket Cost Employment Health Insurance Deductions 89

InterWest Insurance Services

NOVEMBER 2, 2023

The “ 2023 Optavise Healthcare Literacy Survey ” found that 32% of employees are not confident about understanding how their plan works, meaning that many of your staff may have trouble finding, understanding and using information and services to make health insurance decisions.

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Health Insurance Deductions Deductible Insurance 98

HR Digest

SEPTEMBER 16, 2023

There are many factors that are contributing to the rising costs of healthcare. With the healthcare industry in such disarray and a larger number of employees relying on group insurance to get them through their health concerns, the responsibility has largely fallen on employers to mitigate the costs.

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PeopleKeep

FEBRUARY 14, 2022

With the cost of health insurance coverage on the rise and consumers seeing their once low deductibles grow sky high, many Americans have been forced to pay more for their healthcare without the help of insurance. These costs that aren’t covered by insurance companies are called “out-of-pocket” costs.

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PeopleStrategy

OCTOBER 17, 2023

With rising healthcare costs, it can be challenging to find a solution that meets the needs of your business and your employees. They are a hybrid approach to providing healthcare coverage that combines elements of traditional fully-insured plans with those of self-funded plans. The monthly fee is fixed for a 12-month period.

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PeopleKeep

MARCH 7, 2022

A traditional group health plan can be difficult to manage with rising healthcare costs. If you’re offering a group health plan with a high deductible to save money, a special type of health reimbursement arrangement (HRA) has been specifically designed for employers like you: the integrated HRA.

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Health Insurance Deductions Deductible Healthcare 98

Benefit Resource Inc.

FEBRUARY 21, 2024

Healthy employees are not only happier and more productive but also contribute to lower healthcare costs for both themselves and their employers. HSAs enable employees to save pre-tax dollars for qualified medical expenses, including deductibles, copayments, and other out-of-pocket costs.

Health Savings Account 52

Health Savings Account Out of Pocket Cost Deductions Deductible 52

WEX Inc.

OCTOBER 20, 2023

While the severity of one's condition is the most important factor in choosing healthcare, other variables such as cost, convenience and whether a facility accepts insurance also play a role. If your deductible has been met, you will only pay for the copay at the time of your visit. and growing.

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Healthcare Insurance Consulting Benefits Package 98

Employee Benefits

MARCH 19, 2024

Healthcare and wellbeing Private medical insurance (PMI) scheme, employer paid for all employees following probation. Employees have the option to add cover for a partner or dependents through salary deductions. Group risk Life assurance at four-times salary. Employee assistance programme (EAP).

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WEX Inc.

AUGUST 2, 2023

A FSA is an account that allows you to set aside pre-tax funds to pay out-of-pocket healthcare costs. Unlike a medical FSA, a limited FSA can be paired with a health savings account (HSA) and a high-deductible health plan (HDHP). Combination FSA, which is a limited FSA that converts into a medical FSA once the IRS deductible is met.

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Flexible Spending Account Deductions Deductible Health 98

Griffin Benefits

JULY 5, 2023

Employers of every size continue to struggle with the rising costs of healthcare, which ultimately increases the cost of medical premiums for everyone. One solution means looking inward: transitioning from the fully funded model of healthcare benefits to self-funded health plans featuring stop-loss insurance. WANT TO LEARN MORE?

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Health Insurance Insurance Pharmaceutical Healthcare 52

Benefit Resource Inc.

OCTOBER 5, 2023

Health Savings Accounts (HSAs) are a critical tool in the arsenal of employers who are passionate about helping their employees in the arena of healthcare. In order to open an HSA, you must be enrolled in a high-deductible health plan (HDHP). An HSA is a savings account that individuals can use to pay for qualified medical expenses.

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Health Savings Account Healthcare Deductions Deductible 52