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How HRAs Can Help Your Employees Pay for Medical Expenses

InterWest Insurance Services

As rising health insurance premiums and out-of-pocket costs for health care are burdening workers, more employers are looking for ways to help their staff put aside money for those expenses. Unlike HSAs and flexible spending accounts, though, HRAs are solely funded by employers. Vision expenses.

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FSA eligible expenses — what purchases count?

Business Management Daily

Flexible Spending Accounts allow employees to set aside pre-tax dollars from their paycheck to use for medical or dependent care expenses. Here is what you need to know to figure out if an expense is FSA eligible. Out-of-pocket expenses for vision care including eye exams, eyeglasses, contact lenses, and eye surgery.

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Executive benefit reimbursement plans

Higginbotham

Even with health insurance, dental insurance and vision insurance, employees tend to end up with some out-of-pocket costs that aren’t covered by their various plans. A benefit reimbursement plan offers a way to cover these costs. A health reimbursement plan gives employers a way to cover these costs.

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16+ types of employee benefits you should consider

Genesis HR Solutions

Vision Insurance. Vision insurance is designed to help your employees cover and budget for ongoing vision care expenses like routine eye exams, prescription glasses, and contact lenses. Flexible Spending Account (FSA). Here’s exactly what you need to do to retain them. Accident Insurance. eHealthinsurance.com ).

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How to offer health insurance as a small business

Higginbotham

Glassdoor surveyed workers and found that when choosing between a high-paying job and a low-paying job with better benefits, health insurance and flexible hours could spur them to pick the lower-paying job with better benefits. Dental and vision insurance. Health Savings Accounts (HSAs) or Flexible Spending Accounts (FSA).

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Little-Known Things to Consider When Shopping for Group Health Insurance

Insperity

An HSA is not the same as a flexible spending account (FSA), which is an employer-sponsored plan and requires employees to use or lose their contributions each year. HDHPs are health insurance plans with lower premiums and higher deductibles and out-of-pocket maximums than traditional health plans.

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Are you offering the best dental coverage options to employees?

Benefit Resource Inc.

According to CostHelper , employees without insurance typically pay between $3,000 and $7,000 out-of-pocket for metal braces. The average out-of-pocket average amounts to $4,930. For employees with insurance , the average out-of-pocket cost drops to $3,400. Happier employees.