2020 Employee Benefits Out of Pocket Cost 
Best Money Moves
NOVEMBER 4, 2020
More than 40 percent of employees have deferred medical care because of financial concerns, according to research by Willis Tower Watson. According to the Kaiser Family Foundation, the average annual premium is $7,470 for single coverage and $21,342 for family coverage in 2020. Managing Employee Healthcare Costs in 2021.
Best Money Moves
DECEMBER 18, 2019
Top 3 hiring trends for 2020. It’s encouraging to see such employer confidence and motivation in the face of market uncertainty but they should consider that money on its own may not be the long-term solution to skill deficits and employee dissatisfaction,” said David Brown, CEO, Hays US. . Top 3 Hiring Trends for 2020.
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InterWest Insurance Services
JUNE 2, 2023
Employers offer flexible savings accounts and health savings accounts to their employees so they can build up funds with pre-tax dollars to pay for health care and related expenses. As a result, while employees with HSAs are not pressured to spend funds in their accounts every year, those with FSAs are.
Best Money Moves
OCTOBER 16, 2019
How to help employees prepare for open enrollment 2020. Being more knowledgeable about health insurance benefits will help them enroll in the plan that’s right for them. This level of apprehension may explain why employees make hasty benefits decisions. Terms Employees Need to Know for Open Enrollment 2020.
InterWest Insurance Services
MAY 25, 2022
A new survey has found that managing health care costs and expanding mental health benefits will be a top priority for U.S. employers as they ramp up benefits to compete for talent in the tight job market spawned by the COVID-19 pandemic. Steps they are considering include: Improving quality and outcomes to lower overall cost.
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. The study’s authors noted that there are other benefits besides just cost savings.
InterWest Insurance Services
SEPTEMBER 23, 2022
As the labor market remains tight and businesses struggle to find staff, more small firms are starting to offer employee benefits, particularly health coverage. That said, 53% offered health benefits in 2020, including 48% of businesses with three to nine employees. Getting it right.
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