InterWest Insurance Services

DECEMBER 28, 2021

But if you have an 80-20 plan, your worker is still responsible for her deductible (averaging over $1,600), plus 20% of that cost, or over $6,000. That leaves your worker exposed to a total out-of-pocket cost of over $7,600. Little or no cost to the employer. Few people can cover that.

Voluntary Benefits 98

Voluntary Benefits Hospitality Insurance Out of Pocket Cost 98

InterWest Insurance Services

OCTOBER 17, 2024

The main driver in workers prioritizing benefits is the rapidly rising cost of group health insurance premiums and out-of-pocket costs, according to the study by Voya Financial. 51% said that high health care costs were having a major or significant impact on their ability to save for retirement.

Out of Pocket Cost 98

Out of Pocket Cost Voluntary Benefits Health Insurance Health Savings Account 98

InterWest Insurance Services

MAY 22, 2025

If you are offering high-deductible health plans to your staff to reduce overall premium outlays, you know that this type of insurance has one major drawback: higher out-of-pocket expenses that some may struggle to afford if they experience a sudden illness or accident.

Insurance 59

Insurance Out of Pocket Cost Voluntary Benefits Hospitality 59

Best Money Moves

NOVEMBER 4, 2020

Managing Employee Healthcare Costs in 2021. Employers are focused on improving employee healthcare by adding virtual or telehealth offerings and including voluntary benefits in 2020, according to research by Mercer. The good news is that both of these initiatives can help reduce healthcare costs.

Healthcare 111

Healthcare Out of Pocket Cost Voluntary Benefits Management 111

Higginbotham

JULY 7, 2025

Employees who don’t understand their health plans may delay important preventive care because they’re worried about costs, even though their plan may have preventive care coverage with no out-of-pocket costs. Employees who don’t understand how their HSAs or FSAs work could lose out on funds and tax advantages.

Employee Benefits 52

Employee Benefits Benefits Package Health Insurance Out of Pocket Cost 52

InterWest Insurance Services

FEBRUARY 20, 2024

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. Then their insurance would cover everything at 100%.

Deductible 98

Deductible Deductions Out of Pocket Cost Health Savings Account 98

InterWest Insurance Services

JANUARY 18, 2024

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. Then their insurance would cover everything at 100%.

Out of Pocket Cost 83

Out of Pocket Cost Deductible Deductions Voluntary Benefits 83