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A Lack of Healthcare Benefits is Causing Financial Toxicity

Best Money Moves

A lack of healthcare benefits is causing financial toxicity for employees across the country. The truth is many employees need help navigating healthcare benefits to lower out of pocket expenses and avoid , “financial toxicity.”. I had no idea medication A I gave was so expensive.

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Navigating HSAs and the Health, Wealth, and Wellness Triangle

Benefit Resource Inc.

HSAs enable employees to save pre-tax dollars for qualified medical expenses, including deductibles, copayments, and other out-of-pocket costs. This triple tax benefit not only stretches employees’ healthcare dollars further but also serves as a valuable financial planning tool.

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How to tell if your HDHP is HSA-qualified

PeopleKeep

Employers offering a high deductible health plan (HDHP) have several ways to offset the higher out-of-pocket costs and make the benefit more meaningful for employees. One way is to offer a health savings account (HSA) alongside the HDHP. So how do you know if your HDHP is HSA-qualified?

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

Corporate Synergies

To plan for newborn healthcare benefits, parents need a baby health insurance playbook. Employees are increasingly responsible for making important decisions about their healthcare and carrying the financial burden. Patient financial responsibility is on the rise—average out-of-pocket costs rose 11% in 2017 alone.

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Easing the Benefits Enrollment Process with Decision Support and More

Flimp Communications

What employees want when determining their healthcare options doesn’t always match what employers think they want. SHRM observed that employers and employees have different ideas about the best methods for selecting and enrolling in healthcare benefits. 33% of employees don’t understand their medical bills.