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Four High Deductible Health Plan Mistakes to Avoid

InterWest Insurance Services

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. The employer can also contribute to its employees’ HSAs to encourage participation.

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2022 Health Insurance Outlook, Changes

InterWest Insurance Services

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.

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Group Health Insurance Considerations For Staff Working Past Retirement Age

InterWest Insurance Services

Discontinuing group health coverage. If you plan to discontinue coverage for employees who are turning 65, you should communicate with them well ahead of the time they need to sign up for Medicare. Medicare will be the primary payer of health insurance claims for these workers under the law.

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Small Employers Can Reimburse for Medicare Part B, D Premiums

InterWest Insurance Services

As the workforce ages and many employers want to keep on baby-boomer staff who have the experience and institutional knowledge that is irreplaceable, one issue that always comes up is how to handle health insurance. Part D, meanwhile, covers prescription drug costs.

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Voluntary Benefits Improve Employee Satisfaction and Retention

InterWest Insurance Services

Multiple studies have consistently shown that a robust set of employee benefits is a vital component of an overall compensation package. As a result, many employers are increasingly turning to voluntary employee benefits, which allow them to provide valued, high-demand benefits to employees at little or no cost to the company.

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Mid-Year Changes and How it Affects HSA Contribution Limits | BerniePortal

BerniePortal

Changing life events in the middle of the year usually means changes to your health insurance plan. If an employee enrolls in a high-deductible health plan (HDHP) mid-year, how does that affect the amount they can contribute to their health savings account (HSA)?

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What Is Group Insurance Coverage and How Does It Work?

Fringe Benefit Analysts

However, most people are fairly unsure of what group insurance coverage actually is and how it works. A thorough understanding of this type of insurance can help people find the plans that work best for their individual and family needs, and it can be helpful when filing claims. What Is Group Insurance Coverage?