Remove Employee Benefits Remove Employee Enrollments Remove Health Savings Account Remove Healthcare
article thumbnail

4 HDHP trends you don't want to miss

WEX Inc.

PPO deductible Nearly two-thirds of large employers provide their employees with the choice of an HDHP and a traditional health plan , such as a preferred provider organization (PPO). Typically, an employee enrolled in a PPO will have higher premiums and a lower deductible than an employee enrolled in an HDHP.

article thumbnail

Estimated Time on HR: Procuring Benefit Plans and Open Enrollment Administration Tasks

Stratus.HR

Creating a full wrap document to comply with ERISA (Employee Retirement Income Security Act): 1 hour if digital . Answering employee questions about open enrollment: 1-3 hours . Following-up with outstanding employee enrollments: 1-2 hours . Administering a Flexible Spending Account (i.e.,

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Help Employees Understand the HSA Value Proposition

Corporate Synergies

Educate employees on how to use these funds for current and future healthcare expenses. Health savings accounts can be a good deal for employees. Unfortunately, many employees aren’t getting the full HSA value. 2 AHIP , “Health Savings Accounts Continue to Grow in Popularity”.

401(k) 40
article thumbnail

Benefits for One, Benefits for All: Understanding Lifestyle Spending Accounts

HR Digest

If you’re unfamiliar with the concept of a lifestyle spending account you’re not alone in your confusion. The lifestyle spending account benefits vary from employer to employer but they all have the freedom to set a range of categories where the funds in the account can be spent.

article thumbnail

From deductibles to wellness: Why benefits options matter

WEX Inc.

Smaller employers may face challenges in providing these options, although participants have said they are interested in these health plan choices. More dental and vision Among employers with benefits administration through WEX , 68% of eligible employees enrolled in vision and 77% of eligible employees enrolled in dental.