Best Money Moves

SEPTEMBER 9, 2020

Preparing for virtual open enrollment in 2020. How employers can utilize employee data and streamline communications for successful virtual open enrollment. Employers are preparing for virtual open enrollment as many employees continue to work remotely during the COVID-19 pandemic.

Utilities 91

Utilities Employee Enrollments Benefits Package Healthcare 91

WEX Inc.

MAY 8, 2023

PPO deductible Nearly two-thirds of large employers provide their employees with the choice of an HDHP and a traditional health plan , such as a preferred provider organization (PPO). Typically, an employee enrolled in a PPO will have higher premiums and a lower deductible than an employee enrolled in an HDHP.

Deductible 97

Deductible Deductions Health Savings Account Employee Enrollments 97

InterWest Insurance Services

JANUARY 20, 2022

Among large employers, the median individual deductible in high-deductible health plans dropped to $1,850 in 2021 from $2,000 in 2020. The average employee share of premiums for employees enrolled in an individual PPO plan rose just $7 to $167 in 2021, and $12 for family coverage ($590 to $602). The other shoe.

Employment 98

Employment Deductible Deductions Employee Enrollments 98

Winston Benefits

AUGUST 6, 2019

With open enrollment (Nov. 15) fast approaching, it’s not too early to consider some of the changes that may affect your employees’ enrollment experiences. Benefits legislation is constantly in flux, but if you’re prepared, you’ll know what to expect from the 2020 open enrollment process. 1 through Dec.

Employee Enrollments 40

Employee Enrollments 40

InterWest Insurance Services

DECEMBER 9, 2021

As we enter 2022, there are a number of changes on the horizon that plan sponsors need to be aware of as they will affect group health plans as well as employees enrolled in those plans. Some of the changes concern temporary rules that were implemented during the COVID-19 pandemic. Here’s a list of what to expect in 2022.

Health Insurance 98

Health Insurance Insurance Insurance Carriers Deductible 98

InterWest Insurance Services

MARCH 28, 2024

One such employee enrolled in one of your group health insurance plans can result in massive costs that overshadow those of the rest of your workforce if you are a small or mid-sized employer. Pharmacy spending Between 2020 and 2023, the average per member per month pharmacy spend increased 38% from $86 to $119.

Employment 98

Employment Pharmaceutical Health Insurance Medical 98

Insperity

APRIL 29, 2021

There’s no getting around it – employers pay a hefty sum to provide health care benefits for their employees. per hour, per employee, for health-insurance costs, according to Sept. 2020 data from the U.S. The average private-sector employer spends an average of $2.65 Bureau of Labor Statistics (BLS). These aren’t low numbers.

Employee Benefits 128

Employee Benefits Health Insurance Insurance Benefits Package 128