InterWest Insurance Services
DECEMBER 28, 2021
Fortunately, employers can help by offering their workers voluntary hospital indemnity insurance that can provide peace of mind in case they have a serious medical episode. Hospital indemnity insurance. The worker can use this cash benefit for any purpose, including: Deductibles. She spends two days in the hospital.
InterWest Insurance Services
AUGUST 10, 2022
Employers who offer health savings account-eligible high-deductible health plans (HDHPs) to employees can significantly expand pre-deductible coverage for certain drugs used to manage chronic conditions — with only a tiny effect on premiums. Cost of temporary workers. Overtime costs. Absenteeism.
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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.
Higginbotham
FEBRUARY 21, 2023
Cost Sharing in Insurance Although insurance companies take responsibility for many of the costs that arise, policyholders are also responsible for some out-of-pocket costs on top of the premium. This is called cost sharing, and it’s common in many types of insurance. What about the out-of-pocket maximum?
InterWest Insurance Services
JULY 6, 2023
More and more insurers are expanding the use of telemedicine, just as a new study shows promising cost savings of up to 25% from virtual care when implemented properly. Initially, hospitals were using it for primary care visits. Last year, the wavier was extended by legislation through Dec.
CorpStrat
DECEMBER 15, 2022
Mistake #3: Misunderstanding Costs. Plans typically have a deductible, copays and coinsurance. Here’s what those terms mean: The deductible is the amount you pay out of pocket before your health insurance starts to cover costs. Mistake #6: Selecting Insufficient Coverage.
Genesis HR Solutions
SEPTEMBER 22, 2020
It covers things including hospital and doctor visits, surgeries, and prescriptions. Using untaxed dollars in an HSA to pay for deductibles, copayments, coinsurance, and some other expenses can lower overall health care costs. An HSA can be used only if employees have a qualified High Deductible Health Plan (HDHP).
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