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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.

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Two in five older staff are unaware of their total retirement savings

Employee Benefits

Two-fifths of older employees are unaware of how much they have saved for retirement, according to research by workplace savings and pensions fintech Cushon.

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3 Tips for Employee Enrollment Solutions After a Merger or Acquisition

Winston Benefits

Mergers and acquisitions can cause a lot of disruption in the employee population. While everyone involved is looking at merging operations and culture, things like employee benefits communication can get lost in the mix. But this puts the success of the merger at risk.

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Spread the Word About Additional HSA Contributions

InterWest Insurance Services

They are only available to employees enrolled in a high-deductible health plan. HDHPs feature lower premiums in exchange for a higher deductible, meaning the employees have to pay more out of pocket before coverage kicks in. Withdrawals to reimburse for these expenses are also not taxed.

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Small Employers Can Reimburse for Medicare Part B, D Premiums

InterWest Insurance Services

To be integrated with the group health plan: The employer must offer a minimum-value group health plan, The employee must be enrolled in Medicare Parts A and B, The plan must only be available to employees enrolled in Medicare Parts A and B, or D, and The reimbursement is limited to Medicare Parts B or D, including Medigap premiums.

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Voluntary Benefits Improve Employee Satisfaction and Retention

InterWest Insurance Services

The employer deducts any fees or premiums for these benefits from employee paychecks and forwards them in a single batch to the benefit vendors. Businesses generally set up a menu of options that their workers can select from for themselves, based on their own needs.

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How can employers effectively deliver financial wellbeing support to a dispersed workforce?

Employee Benefits

Taking the time to understand and respond to feedback can foster a positive work environment and ensure employees are getting what they need. Andreas Hunter, head of wellbeing at Gallagher, says: “Organisations should review employee enrolment and flex data to provide insights.