Remove 2023 Remove Employee Enrollments Remove Health Insurance
article thumbnail

10 Best Benefits Administration Software in 2023

HR Lineup

In 2023, there are numerous benefits administration software options available, each with its unique features and advantages. In this article, we will explore the 10 best benefits administration software options for 2023. Top 10 Benefits Administration Software of 2023 1. What is Benefits Administration Software?

Software 246
article thumbnail

Report Details 3 Trends Driving Employers’ Health Care Costs

InterWest Insurance Services

Pharmacy spending, high-cost claimants and newly developed anti-obesity drugs are expected to shape health benefits and affect the cost of care and health insurance for employers, according to a new report. Pharmacy spending Between 2020 and 2023, the average per member per month pharmacy spend increased 38% from $86 to $119.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Four High Deductible Health Plan Mistakes to Avoid

InterWest Insurance Services

With more than half of all private sector employees enrolled in high-deductible health plans , it’s important that employers have in place certain protocols to ensure that they are a success. Providers in an insurer’s network may charge vastly different rates for the same procedure.

article thumbnail

Four Ways to Ensure Your Group HDHP Will Fail

InterWest Insurance Services

With more than half of all private sector employees enrolled in high-deductible health plans , it’s important that employers have in place certain protocols to ensure that they are a success. Providers in an insurer’s network may charge vastly different rates for the same procedure.

article thumbnail

What is a High-Deductible Health Plan (HDHP)?

Higginbotham

Are you offering your employees health insurance options that work for their budgets? While not ideal for everyone, a high-deductible health plan can be very appealing to some workers, especially when it’s paired with a health savings account. Many people find health insurance terms to be confusing.

article thumbnail

Voluntary Benefits Improve Employee Satisfaction and Retention

InterWest Insurance Services

The employer deducts any fees or premiums for these benefits from employee paychecks and forwards them in a single batch to the benefit vendors. One reason: More employers are offering high-deductible plans as health insurance costs continue to increase.

article thumbnail

How Much “Tech” is Your Ben Admin Technology Solution Really Using?

HR Professionals Magazine

Decision Support Think your employees aren’t interested in decision support? A 2022 Harris poll found that 72% of employees said “they wish someone would tell them what the best health insurance for their unique situation is.” Think again. Be mindful that not all decision support tools are created equal.