InterWest Insurance Services

JUNE 2, 2022

Employers nationwide are looking for ways to attract and retain talent and differentiate themselves from competing employers, and many are looking to the two most popular voluntary benefits: employee dental and vision plans. At 24% of employers, the worker pays 100% of the cost via a payroll deduction program. Plan structures.

Health 97

Health Voluntary Benefits Disability Insurance Deductions 97

InterWest Insurance Services

APRIL 27, 2023

To put it into dollar signs, that’s an extra $104 for individuals and $231 for families each month for medical insurance. The HDHP effect The report found that health maintenance organizations and preferred provider organizations continue to dominate the landscape in group health benefits for SMBs.

Health Insurance 88

Health Insurance Insurance Out of Pocket Cost Deductions 88

InterWest Insurance Services

MARCH 22, 2022

Employers fund these flexible benefit plans with funds that are deducted from their employees’ salaries on a pre-tax basis. Cafeteria plans are particularly good for participants who have regular expenses related to medical issues and childcare. Remember: Flexible benefit plans are not without their drawbacks.

Flexible Spending Account 81

Flexible Spending Account 401(k) Flexible Spending Deductions 81

Higginbotham

MAY 4, 2023

Buying Supplemental Life Insurance Without a Medical Exam Although employees can purchase life insurance on their own, life insurance offered through an employer may be preferable because it is often available without a medical exam. When you offer supplemental life insurance as a voluntary benefit, your costs are minimal.

Life Insurance 52

Life Insurance Benefits Package Insurance Employee Benefits 52

Higginbotham

JANUARY 4, 2022

Often referred to as “ancillary benefits,” ancillary insurance can include coverage for miscellaneous medical expenses incurred during a hospitalization that may not be covered by your group health insurance. Examples of this coverage could include ambulance transportation, drugs and medical supplies, such as bandages.

Health Insurance 52

Health Insurance Insurance Disability Insurance Life Insurance 52

PeopleStrategy

JULY 8, 2019

According to a recent survey , 35 percent of employees don’t understand their healthcare coverage, and another 33 percent don’t understand their medical bills. Health benefits payment terms. Co-insurance: the amount an employee must pay after meeting their deductible; under most plans, this is around 20% of full price.

Health Savings Account 82

Health Savings Account Deductions Deductible Healthcare 82

Higginbotham

MARCH 2, 2023

Workers’ compensation benefits vary by state but typically include coverage for medical bills and prescriptions and some compensation for temporary disability while the employee is unable to work. Employees who do not recover and suffer permanent disability may be eligible for permanent disability benefits.

Disability Insurance 52

Disability Insurance Workers’ Compensation Insurance Benefits Package 52

Higginbotham

JANUARY 27, 2023

families say they’ve avoided health care – including vaccinations, annual exams and medications – due to the cost. If your workers don’t have insurance, they might not get the medical care they need, and this can have a negative impact on health and result in more sick days and lost productivity. Bankrate found that 32 percent of U.S.

Health Insurance 52

Health Insurance Insurance Benefits Package Out of Pocket Cost 52

Higginbotham

APRIL 7, 2022

According to the American Veterinary Medical Association (AVMA), 38.4 There may also be a deductible and coverage limits. In both cases, comprehensive pet insurance coverage that includes accident and illness coverage may cover costs related to exams, tests, surgery, treatment and prescription medications, depending on the terms.

Insurance 52

Insurance Benefits Package Health Insurance Deductions 52

Winston Benefits

APRIL 17, 2018

Guiding employees to make better benefits decisions and improving health and wellness were also leading priorities. Voluntary benefits , high-deductible health plans and telemedicine are the most popular new cost-management strategies. Most said they’ve done all they can to control medical costs.

Employee Benefits 45

Employee Benefits Voluntary Benefits Deductions Deductible 45

Winston Benefits

DECEMBER 19, 2017

Often provided as a discounted voluntary benefit, pet insurance is seen as a valuable one by employees and is increasingly popular among employers. Technology has changed the way employers provide, communicate about and enroll people in employee benefits. In addition, pet insurance is likely to see growth in the coming year.

Financial Counseling 45

Financial Counseling Voluntary Benefits Deductions Deductible 45

Best Money Moves

NOVEMBER 4, 2020

What the average health insurance premium costs and changes employers are making to health benefits offerings in the new year. The ever increasing cost of healthcare combined with uncertainty about coverage, deductibles and copays keep some employees from getting the medical care they need. Managing Out-of-Pocket Costs in 2021.

Healthcare 111

Healthcare Out of Pocket Cost Voluntary Benefits Management 111