InterWest Insurance Services

AUGUST 26, 2023

WHEN: Tuesday, October 17, 2023 12:00 PM – 1:00 PM JOIN US: InterWest is a proud sponsor of Summit Employee Benefits Online education. In partnership, we are offering access to the upcoming complimentary webinar. SESSION DETAILS: In honor of October’s HSA awareness month, this month’s webinar will focus on HSAs.

Health Savings Account 40

Health Savings Account Education Employee Benefits Employment 40

InterWest Insurance Services

APRIL 27, 2022

Surprise bills and billing errors are driving growing dissatisfaction among Millennials and Gen Zers with their health insurance, a new study has found. Already facing outsized medical cost hits, an increase in billing mistakes and surprise bills is contributing to a dim view of health insurance among Millennials and Gen Zers.

Health Insurance 97

Health Insurance Insurance Health Savings Account Deductions 97

InterWest Insurance Services

FEBRUARY 20, 2024

With more than half of all private sector employees enrolled in high-deductible health plans , it’s important that employers have in place certain protocols to ensure that they are a success. Providers in an insurer’s network may charge vastly different rates for the same procedure.

Deductions 94

Deductions Deductible Out of Pocket Cost Health Savings Account 94

Money Talk

JUNE 28, 2023

Consider completing the paperwork needed to save more money from July to December in your employer’s tax-deferred retirement savings plan. Even 1% more of pay in savings adds up over time. Health Savings Account (HSA) Tweak - By mid-year, you know what you already spent for health care services through June.

Flexible Spending Account 237

Flexible Spending Account Banking Health Savings Account Finance 237

Global People Strategist

JULY 13, 2022

As the cost of healthcare continues to rise, private employers are searching for new and innovative ways to provide health insurance for their employees. While many employers are still offering traditional health insurance plans, there is a growing trend towards alternatives such as self-funded health plans and wellness programs.

Health Insurance 52

Health Insurance Insurance Health Savings Account Deductions 52

Stratus.HR

OCTOBER 28, 2021

Most health insurance plans outside of a Health Savings Account (HSA) have a list of copays for healthcare expenses. To minimize your health plan’s renewal increase, think twice about how you’re spending the insurance company’s money with the following healthcare options.

Healthcare 78

Healthcare Insurance Health Insurance Insurance Carriers 78

PeopleKeep

OCTOBER 4, 2021

As more employers move away from group health insurance plans, more married couples have begun maintaining separate individual health insurance coverage. If you and your spouse each have HSA-eligible insurance coverage, and you both plan on contributing to your HSAs, you must have separate accounts.

Health Savings Account 98

Health Savings Account Health Insurance Deductions Deductible 98

WEX Inc.

OCTOBER 4, 2023

Participating in a health savings account (HSA) or flexible spending account (FSA) is a great way to save money. Health savings account An HSA is an individually owned benefits plan funded by you or your employer that lets you save on purchases of eligible expenses.

401(k) 98

401(k) Flexible Spending Account Health Savings Account Flexible Spending 98

Higginbotham

MAY 11, 2023

If you own or manage a business, your investment in employee group insurance can help you retain top performers and attract new talent. In this article, we’ll take a closer look at the steps any business can follow to get the most value from a group insurance plan. However, simply providing a benefits package is not enough.

Insurance 52

Insurance Deductions Deductible Benefits Package 52

PeopleKeep

MARCH 28, 2022

When evaluating employee health insurance options, it’s easy to confuse different health plans with one another. Two commonly mixed-up health benefits are the health reimbursement arrangement (HRA) and the health savings account (HSA).

Health Savings Account 98

Health Savings Account Health Insurance Insurance Employment 98

Higginbotham

FEBRUARY 21, 2023

You’re reading your health insurance policy and come across a coinsurance clause. Here’s what you need to know about this common insurance term. This is called cost sharing, and it’s common in many types of insurance. Cost sharing helps insurance companies and policyholders achieve certain goals.

Health Insurance 52

Health Insurance Out of Pocket Cost Insurance Deductions 52

PeopleKeep

OCTOBER 15, 2020

The primary options for companies looking to supplement their group health insurance plan are Section 105 plans , commonly known as group coverage HRAs (GCHRAs), and Section 125 plans , also known as cafeteria plans, which include health savings accounts (HSAs). How a group coverage HRA and HSA compare.

Health Savings Account 98

Health Savings Account Health Insurance Insurance 98

Benefit Resource Inc.

JANUARY 16, 2024

Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) are two of the most effective instruments for optimizing health savings and financial flexibility for both employers and employees among the different components of a comprehensive benefits strategy.

Benefits Package 52

Benefits Package Flexible Spending Account Health Savings Account Flexible Spending 52

Higginbotham

JANUARY 27, 2023

Although some small business owners may feel overwhelmed by the prospect of offering health insurance and other benefits, the many advantages can make the effort worthwhile. ALEs are subject to certain health care reporting requirements. However, many small employers decide to offer health insurance anyway.

Health Insurance 52

Health Insurance Insurance Benefits Package Out of Pocket Cost 52

InterWest Insurance Services

NOVEMBER 10, 2022

These workers are likely going uncovered for their health insurance and risk serious outlays if they have to see a doctor or go to the emergency room. They also miss out on preventative services that insurers are required to provide without cost-sharing and that can help them maintain their health.

401(k) 87

401(k) Health Savings Account Health Insurance Insurance 87

InterWest Insurance Services

AUGUST 5, 2022

The biggest concern among employers is the increasing costs that employees have to shoulder for their health benefits. Employers are starting to realize that a high-deductible health plan with an attached health savings account is not a good fit for all of their employees. workers with more medical debt.

Health Insurance 98

Health Insurance Insurance Deductions Deductible 98

WEX Inc.

AUGUST 29, 2023

And did you know that a variety of fertility and infertility treatments are eligible for health savings account (HSA) and medical flexible spending account (FSA) funds? Most people using fertility services pay thousands of dollars out of pocket without insurance. What are fertility benefits?

Flexible Spending Account 98

Flexible Spending Account Health Savings Account Flexible Spending Medical 98

WEX Inc.

SEPTEMBER 14, 2023

When approaching open enrollment, do … Evaluate available health insurance plans. Increasingly, employers are offering their employees both HSA-eligible health plans (or high-deductible health plans ) and traditional health plans.

401(k) 98

401(k) Health Savings Account Flexible Spending Account Healthcare 98

WEX Inc.

MAY 8, 2023

HDHPs can actually be a great healthcare saving option for employees of all ages. Along with paying a lower premium, HDHPs offer financial opportunities that PPOs do not because employees can enroll in a health savings account (HSA) , but only if they’re also enrolled in an HSA-eligible HDHP.

Deductions 97

Deductions Deductible Health Savings Account Employee Enrollments 97

InterWest Insurance Services

JANUARY 18, 2024

With more than half of all private sector employees enrolled in high-deductible health plans , it’s important that employers have in place certain protocols to ensure that they are a success. Providers in an insurer’s network may charge vastly different rates for the same procedure.

Out of Pocket Cost 62

Out of Pocket Cost Deductions Deductible Voluntary Benefits 62

InterWest Insurance Services

MAY 18, 2023

.” HDHP enrollees enjoy lower up-front premium costs in exchange for higher potential out-of-pocket costs for copays, coinsurance and deductibles, and high health care users may experience significant outlays not covered by insurance.

Out of Pocket Cost 98

Out of Pocket Cost Health Savings Account Deductions Deductible 98

InterWest Insurance Services

JANUARY 11, 2024

With health care costs expected to jump 7% this year from the 2023 level and insurance premiums reflecting that increase, many employers will be challenged to balance benefit options with cost-controlling measures, according to the report. Making larger health savings account contributions to lower-paid employees.

Employment 89

Employment Health Savings Account Medical Insurance 89

Patriot Software

AUGUST 30, 2022

Common employee benefits can range from different insurance options to types of retirement plans. An HSA, or health savings account, is a plan where individuals put aside pre-tax […] READ MORE. Most businesses offer employee benefits in addition to regular wages. Some employees have the option of opening an HSA.

Health Savings Account 77

Health Savings Account Retirement Plan Taxes Insurance 77

InterWest Insurance Services

MARCH 16, 2023

The poll of 26 health benefits decision-makers at large firms, carried out by The Commonwealth Fund and the Employee Benefits Research Institute (EBRI), found that despite rising premium and health care costs, they felt obligated to offer health insurance instead of shunting employees to exchanges.

Health Insurance 97

Health Insurance Employment Out of Pocket Cost Health Savings Account 97

Higginbotham

OCTOBER 5, 2023

In today’s increasingly competitive job market, offering a basic health insurance package is no longer enough to attract and retain top talent. The Evolution of Employee Benefits Employee benefits have come a long way since the days of basic health insurance coverage with a savings retirement plan thrown in.

Health Insurance 52

Health Insurance Employee Benefits Insurance 401(k) 52

InterWest Insurance Services

JULY 13, 2023

Employers who were surveyed for a new report expected that group health insurance premiums would increase 5.4% In fact, 64% of large employers (with 500 or more workers) plan to enhance their health insurance and well-being benefits to stay competitive for talent and to keep their staff happy, Mercer found. copay plan).

Employment 94

Employment Out of Pocket Cost Health Insurance Health Savings Account 94

BerniePortal

DECEMBER 20, 2021

Of course, not all medical expenses are covered by an individual’s health insurance plan. A health savings account is an excellent employee benefit to accompany a high-deductible health plan, and account-holders should be encouraged to take advantage of these tax-free funds.

Health Savings Account 96

Health Savings Account Health Insurance Deductions Deductible 96

PeopleKeep

OCTOBER 19, 2020

Every day, we talk to employers who ask questions about Health Savings Accounts (HSAs) and how they function with Health Reimbursement Arrangements (HRAs) and insurance policies.

Health Savings Account 71

Health Savings Account Insurance Employment 71

Genesis HR Solutions

SEPTEMBER 21, 2021

As one of the most expensive aspects of running a small business, health insurance is top of mind for many employers. What is the best way to provide insurance? Should you provide insurance at all? Why Health Insurance For Small Businesses Matters. Health Insurance For Small Business Owners: 4 Options.

Health Insurance 52

Health Insurance Insurance 401(k) Insurance Carriers 52

PeopleKeep

MARCH 14, 2022

Many organizations provide a health savings account (HSA) to their employees to offset rising healthcare costs. While HSAs are employee-owned accounts, many employers wonder if they can contribute to their employees’ HSAs, and—if so—how much.

Health Savings Account 98

Health Savings Account Employment Benefits Package Healthcare 98

InterWest Insurance Services

JUNE 16, 2022

One in five workers surveyed said that health care and health insurance are a major factor when deciding to accept a job, compared with only 13% of human resources executives, according to the “2022 Health at Work” survey by Quest Diagnostics.

401(k) 97

401(k) Health Insurance Health Savings Account Insurance 97

WEX Inc.

SEPTEMBER 12, 2023

Understanding HSAs The number of health savings accounts (HSAs) has doubled nationwide in the last seven years , as more Americans turn to these accounts as a way to save on healthcare costs and prepare for retirement. HRAs provide an extra layer of financial support for medical needs beyond insurance coverage.

Employee Benefits 52

Employee Benefits Flexible Spending Account Health Savings Account Life Insurance 52

PeopleKeep

DECEMBER 14, 2020

Health savings accounts (HSAs) have been around since 2003, but many people remain unfamiliar with them. An HSA allows an individual to use untaxed savings to pay their own individual health insurance costs as well as out-of-pocket expenses for group health plans.

Health Savings Account 92

Health Savings Account Health Insurance Insurance Employment 92

PeopleKeep

NOVEMBER 12, 2021

If you’re looking to supplement your organization’s group health insurance plan to help cover your employees’ out-of-pocket costs, you have two main options: Section 105 plans , such as the group coverage HRAs (GCHRAs), and Section 125 cafeteria plans , such as health savings accounts (HSAs).

Health Savings Account 52

Health Savings Account Out of Pocket Cost Health Insurance Deductions 52

InterWest Insurance Services

SEPTEMBER 27, 2023

It’s almost time for group health insurance open enrollment and your top priority should be to drive participation by helping your employees make informed decisions about their options. It’s a balancing act, since each employee has different needs. You should use a variety of different media to communicate with them.

Out of Pocket Cost 78

Out of Pocket Cost Flexible Spending Account Health Savings Account Health Insurance 78

InterWest Insurance Services

MARCH 4, 2022

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. Fortunately, there is another option: a health reimbursement arrangement (HRA). Qualified medical expenses. How HRAs work.

Medical 95

Medical Health Insurance Out of Pocket Cost Deductions 95

PeopleKeep

MAY 20, 2021

As healthcare costs continue to rise , small employers need a way to offer their employees a competitive health benefit to compete with larger organizations while still managing a limited budget.

Flexible Spending Account 98

Flexible Spending Account Health Savings Account Flexible Spending Healthcare 98