InterWest Insurance Services
DECEMBER 9, 2021
As we enter 2022, there are a number of changes on the horizon that plan sponsors need to be aware of as they will affect group health plans as well as employees enrolled in those plans. 1, 2022, HDHPs must charge enrollees for telehealth services if they have not yet met their deductible. . That comes to an end Dec.
Benefit Resource Inc.
JUNE 1, 2023
” Although rising premium rates are an on-going challenge for employers, a primary (and popular) method to overcome this is to implement a high-deductible health plan (HDHP). Overcoming the Challenge Implement an HDHP with Complementary Accounts A growing number of employers have implemented an HDHP as a choice for employees.
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Business Management Daily
NOVEMBER 15, 2021
Open enrollment is underway for many companies right now and one benefits offering that may be on the menu this year is an FSA. Flexible Spending Accounts allow employees to set aside pre-tax dollars from their paycheck to use for medical or dependent care expenses. Copays, co-insurance, and deductibles for medical care.
Higginbotham
JULY 12, 2022
Employees may face uncovered costs in numerous ways: They have to pay a share of the premium for insurance. They have to pay a deductible. If an employee or a member of the employee’s family experiences a medical emergency, the costs can add up quickly. Manage enrollment. Comparing HRAs, HSAs and FSAs.
Business Management Daily
SEPTEMBER 27, 2019
An ounce of prevention may be worth a pound of cure, but up until this point, high-deductible health plans have been boxed in regarding tax-free reimbursements for most preventive care services or items. Reason: With certain exceptions, HDHPs can’t start reimbursing employees until they meet those high deductibles.
Business Management Daily
NOVEMBER 30, 2021
Flexible spending accounts (FSAs) are employer-established accounts that allow you to put aside pre-tax dollars from your paycheck into a special account to be used for eligible health or dependent care expenses. Employees may not seek FSA reimbursement for costs that will be reimbursed by their health plan.
Corporate Synergies
AUGUST 6, 2018
Health savings accounts can be a good deal for employees. High deductible health plans (HDHPs) are on the rise as a growing number of employers turn to consumer-directed health plans to try to curb costs—the portion of employees enrolled in HDHPs rose from 26.3% But do they really understand HSA value? in 2011 to 39.3%
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