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A Lack of Healthcare Benefits is Causing Financial Toxicity

Best Money Moves

A lack of healthcare benefits is causing financial toxicity for employees across the country. The truth is many employees need help navigating healthcare benefits to lower out of pocket expenses and avoid , “financial toxicity.”. He says, “To many people, $160 is a lot of money.

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Navigating HSAs and the Health, Wealth, and Wellness Triangle

Benefit Resource Inc.

In today’s dynamic workplace landscape, employers are realizing that fostering employee well-being extends far beyond traditional compensation packages. Healthy employees are not only happier and more productive but also contribute to lower healthcare costs for both themselves and their employers.

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How to tell if your HDHP is HSA-qualified

PeopleKeep

Employers offering a high deductible health plan (HDHP) have several ways to offset the higher out-of-pocket costs and make the benefit more meaningful for employees. One way is to offer a health savings account (HSA) alongside the HDHP. So how do you know if your HDHP is HSA-qualified?

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How to Help Employees Prepare for Open Enrollment 2020

Best Money Moves

It’s unfortunate employees are rushing benefits decisions, especially when employers are taking a more active role in driving down healthcare costs. What can employers do to help employees better understand how different health insurance plans affect out-of-pocket costs for healthcare?

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Top 3 Hiring Trends for 2020

Best Money Moves

How employers are planning to expand recruitment efforts to attract and retain the right talent in a tight labor market. Employers are ready to pay up to combat the skills shortage in the new year. . Hays drew from a national survey of more than 3,500 employers and employees across the U.S. Top 3 hiring trends for 2020.

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Easing the Benefits Enrollment Process with Decision Support and More

Flimp Communications

What employees want when determining their healthcare options doesn’t always match what employers think they want. SHRM observed that employers and employees have different ideas about the best methods for selecting and enrolling in healthcare benefits. The problem? How can this knowledge gap be addressed?

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Baby Health Insurance Playbook: 5 Steps to Plan for a Newborn

Corporate Synergies

To plan for newborn healthcare benefits, parents need a baby health insurance playbook. Employees are increasingly responsible for making important decisions about their healthcare and carrying the financial burden. Patient financial responsibility is on the rise—average out-of-pocket costs rose 11% in 2017 alone.