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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. HSAs are tax-advantaged accounts that allow enrollees to save up to pay qualified medical expenses.

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Four Ways to Ensure Your Group HDHP Will Fail

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. HSAs are tax-advantaged accounts that allow enrollees to save up to pay qualified medical expenses.

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How to Coax Disengaged Employees to Sign Up for Health Coverage

InterWest Insurance Services

One of the most difficult aspects of annual open enrollment is reaching workers who are disengaged from the process and never bother signing up for your group health plan and other benefits they could take advantage of. Also consider that one in three employees are uncertain about their ability to cover future health care expenses.

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What Is Group Insurance Coverage and How Does It Work?

Fringe Benefit Analysts

Without insurance coverage, it can be difficult to pay for medical expenses, whether or not they are expected. For many people, the job they choose is based on whether or not group health insurance is included. Employers who do not offer coverage can have a more difficult time attracting recruits and retaining employees.

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Executive benefit reimbursement plans

Higginbotham

Health Reimbursement Arrangement and Group Health Plan. In the simplest terms, a medical expense reimbursement plan refunds employees for covered medical costs. There are several types of health reimbursement arrangements, and they work with group health plans in different ways. Funds do not expire.

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FSA eligible expenses — what purchases count?

Business Management Daily

Flexible Spending Accounts allow employees to set aside pre-tax dollars from their paycheck to use for medical or dependent care expenses. These funds are placed in an FSA account that employees can use to pay for eligible expenses. The maximum that an employee may contribute to a healthcare FSA is $2,750. Healthcare FSA.

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How Much “Tech” is Your Ben Admin Technology Solution Really Using?

HR Professionals Magazine

Decision Support Think your employees aren’t interested in decision support? A 2022 Harris poll found that 72% of employees said “they wish someone would tell them what the best health insurance for their unique situation is.” Think again. Be mindful that not all decision support tools are created equal.