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Offer HDHP and HSAs? Follow this 4-step Voluntary Benefits Checkup

Corporate Synergies

Which voluntary benefit options are right for your employees? This 4-step voluntary benefits checkup will help you decide. As the cost of medical plans rises, employers are offering high-deductible health plans (HDHPs) and health savings accounts (HSAs) as part of their employee benefit plans.

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Addressing Employee Financial Wellness in an Era of Extreme Financial Stress

Griffin Benefits

For instance, many benefits plans have employee assistance programs (EAPs) with financial wellness resources that cover legal services and caregiving services that can help alleviate financial stress. The pieces that comprise healthcare and retirement plans, voluntary benefits, and EAPs are connected.

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Helping employees understand key benefits terms

PeopleStrategy

Co-pay: the fixed cost an employee must pay for each visit to a medical doctor or mental health professional’s office, urgent-care center or hospital emergency room. As long as the funds are used to pay for medical expenses, they are not taxed, and employees can keep the accounts when they leave the organization.

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

Corporate Synergies

A flexible spending account (FSA), which can be used to cover childcare and medical costs tax-free. A health savings account (HSA), which can also be used to cover medical expenses tax-free. Follow this 4-step Voluntary Benefits Checkup. Help employees review provider bills carefully. RELATED TOPICS.