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What is an HDHP?

WEX Inc.

This means that you’ll have to pay a significant amount out-of-pocket for healthcare services before your insurance coverage kicks in. HDHPs have limits for allowable deductible amounts and out-of-pocket costs. This amount can vary depending on the specific plan. Who might benefit from an HDHP?

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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. It generally reimburses out-of-pocket medical expenses. Vision expenses. Qualified medical expenses. How HRAs work.

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More Insurers Pushing Virtual Care for Cost Savings

InterWest Insurance Services

More and more insurers are expanding the use of telemedicine, just as a new study shows promising cost savings of up to 25% from virtual care when implemented properly. It’s envisioned that these stand-alone telehealth benefits would operate similarly to dental and vision benefits, remaining separate from health care plans.

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BRI Elevates Mastercard Partnership by Introducing HealthLock to Help Customers Protect Medical Data and Monitor Claims

Benefit Resource Inc.

HealthLock continually monitors medical and prescription claims (as well as vision and dental, if requested) for cardholders who enroll. By syncing with their insurance providers, HealthLock also monitors all of their healthcare (and vision or dental) claims to help make sure they are accurate and not fraudulent.

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FSA eligible expenses — what purchases count?

Business Management Daily

While flexible spending accounts are typically associated with medical costs there are a couple of different types of FSAs. This allows you to use pre-tax dollars to cover copays, out-of-pocket medical, vision, or dental expenses, and purchase eligible health care products. Healthcare FSA. This includes Lasik.

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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.

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How to offer health insurance as a small business

Higginbotham

Most job seekers – 88 percent of them – would give better health, dental and vision insurance either some or heavy consideration. An independent agency can also help you create an employee benefits package that includes other options your employees may value, like dental, vision, life and disability insurance.