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What are reimbursable out-of-pocket costs?

PeopleKeep

With the cost of health insurance coverage on the rise and consumers seeing their once low deductibles grow sky high, many Americans have been forced to pay more for their healthcare without the help of insurance. These costs that aren’t covered by insurance companies are called “out-of-pocketcosts.

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Blue Shield's virtual-first health plan comes with $0 out-of-pocket costs

Employee Benefit News

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Innovation is a driving force behind mental health parity

Employee Benefit News

Hybrid plan designs that reduce out-of-pocket costs will make benefits more accessible and ultimately help level the playing field.

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Cutting Through the Alphabet Soup of Dental Insurance Plans

InterWest Insurance Services

However, there still may be a network, and your out-of-pocket costs may be lower if you see dentists from within these networks. Meanwhile, DMOs generally offer the lowest monthly premiums and have low out-of-pocket costs for routine services like cleanings.

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HDHP Enrollees Less Satisfied with Their Health Plans

InterWest Insurance Services

” 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. If enrolled three or more years, 55% were satisfied.

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Should I Enroll in a High Deductible Health Plan with an HSA?

Stratus.HR

Considering they have lower premiums and provide the ability to use pre-tax dollars to pay for out-of-pocket costs, what’s not to love? Well, there’s a flipside of HDHPs and HSAs that includes a higher deductible and added out-of-pocket costs. Is a lower deductible worth the higher out-of-pocket costs?

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Four High Deductible Health Plan Mistakes to Avoid

InterWest Insurance Services

For example, if a majority of the employees are older and/or have certain health conditions, pushing an HDHP on them may not be a good move as their out-of-pocket costs may rise significantly and outweigh any savings from lower premiums.