2020 Deductions Out of Pocket Cost 
Best Money Moves
NOVEMBER 4, 2020
What the average health insurance premium costs and changes employers are making to health benefits offerings in the new year. The ever increasing cost of healthcare combined with uncertainty about coverage, deductibles and copays keep some employees from getting the medical care they need. Managing Out-of-Pocket Costs in 2021.
Benefit Resource Inc.
SEPTEMBER 22, 2020
Healthcare is complicated, so how can you get the most out of Open Enrollment 2020? These are general guidelines to give you a basic understanding of your healthcare expenses from the past year and guide your decisions for Open Enrollment 2020. You’ll also want to factor in your deductible.
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InterWest Insurance Services
JANUARY 27, 2023
Recent studies have highlighted an alarming trend in American health care: More and more people are struggling with medical bills and many are delaying care due to high costs. The most recent poll by Gallup found that 38% of those surveyed said they or a family member had delayed care in 2022 due to high costs.
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). These expenses are: Health insurance premiums.
InterWest Insurance Services
JUNE 2, 2023
For the most part, people use their funds in FSAs and HSAs to reimburse themselves for out-of-pocket costs like copays, health insurance deductibles and the cost of prescription medications. According to the Employee Benefit Research Institute, 48% of workers forfeited an average of $408 of their FSA funds in 2020.
InterWest Insurance Services
JULY 6, 2023
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. Additionally, Congress in March 2020 enacted legislation that expanded telehealth access for Medicare beneficiaries, leading to a rapid uptake of virtual care.
Benefit Resource Inc.
JANUARY 4, 2023
The 2023 spending bill signed into law on December 29th includes extending pre-deductible telehealth services coverage. WHAT IS PRE-DEDUCTIBLE TELEHEALTH COVERAGE? Pre-deductible telehealth coverage allows HSAs-qualifying high-deductible health plans (HDHPs) to cover telehealth and remote-care services on a pre-deductible basis.
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