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Four High Deductible Health Plan Mistakes to Avoid

InterWest Insurance Services

Failing to offer a health savings account The idea behind HDHPs is that the money employees save on premium can be funneled into an attached HSA, which can be used to reimburse out-of-pocket medical expenses. Offering wellness programs can boost employees’ overall health, help them lose weight or quit smoking.

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Four Ways to Ensure Your Group HDHP Will Fail

InterWest Insurance Services

Failing to offer a health savings account The idea behind HDHPs is that the money employees save on premium can be funneled into an attached HSA, which can be used to reimburse out-of-pocket medical expenses. Offering wellness programs can boost employees’ overall health, help them lose weight or quit smoking.

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Helping employees understand key benefits terms

PeopleStrategy

To help you better educate your employees, we’ve come up with a cheat sheet of key benefits jargon. Health benefits payment terms. Deductible : the amount an employee must pay out-of-pocket each year before their insurance kicks in; this does not apply to preventative care, like annual physicals.