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16+ types of employee benefits you should consider

Genesis HR Solutions

It covers things including hospital and doctor visits, surgeries, and prescriptions. Flexible Spending Account (FSA). Hospital Insurance. Hospital insurance is health insurance for hospital costs. Below, we’ve loosely categorized these types of employee benefits and given a basic definition of each.

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Addressing Employee Financial Wellness in an Era of Extreme Financial Stress

Griffin Benefits

Health Savings Accounts, Flexible Spending Accounts, and supplemental medical plans like accident, critical illness, and hospital indemnity insurance can be critical to help pay for out-of-pocket medical costs.

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Protect Your Family: Get a Flu Shot with Your Tax-Free FSA Funds

Benefit Resource Inc.

180,000 – 310,000 flu-related hospitalizations. If you have a Health Savings Account (HSA) , Flexible Spending Account (FSA) , or Health Reimbursement Account (HRA) , you can typically cover the costs of getting the flu vaccination since it is considered a medically necessary procedure.

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Utilizing Pre-Tax Benefits to Prioritize Health in 2023

Benefit Resource Inc.

With a Flexible Spending Account (FSA), you can set aside up to $3,050 in pre-tax dollars per calendar year to pay for eligible medical expenses like doctor visits, hospitalizations, and prescription medications. Take Advantage of a Medical FSA.

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What does coinsurance mean in health insurance?

Higginbotham

This means that you have to pay 20% of the costs for covered care, such as hospital stays, doctor appointments and diagnostic tests. With a copay, you know exactly how much you’ll pay when you go to the doctor or hospital. Flexible spending accounts (FSAs) are another option.

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Employer Reporting on Prescription Drug Pricing Due By 12/27

Griffin Benefits

Spending by Category – This reporting requirement primarily relates to medical benefits, not prescription drugs offered under the prescription drug portion of the plan. It will, however, include detailed information about prescription drugs covered under the medical benefit portion of the plan (which are typically in-patient hospital drugs).

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17 Items That Need To Be Included In Your Employee Handbook

Genesis HR Solutions

It covers things including hospital and doctor visits, surgeries, and prescriptions. Flexible Spending Account (FSA): An FSA (also known as a flexible spending arrangement) is a special account employees put money into that they use to pay for certain out-of-pocket health care costs.