InterWest Insurance Services

FEBRUARY 20, 2024

The average HDHP deductible for self-only coverage was $2,000 in 2023, while the minimum deductible that a plan must have to qualify as an HDHP is $1,600 ($3,200 for family coverage). HSAs are tax-advantaged accounts that allow enrollees to save up to pay qualified medical expenses.

Deductions 89

Deductions Deductible Out of Pocket Cost Health Savings Account 89

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. In 2023, the maximum an employee can carry over is $610. If they have more than that at the end of the year, the rest goes back to you.

Out of Pocket Cost 96

Out of Pocket Cost Health Savings Account Medical Health Insurance 96

InterWest Insurance Services

AUGUST 1, 2023

Going out of network is discouraged with high out-of-pocket costs. Preferred provider organizations – PPOs contract with hospital and provider networks to help control costs. While they will cover services outside of the network, the cost is higher than going in-network.

Family and Medical Leave Act 96

Family and Medical Leave Act Out of Pocket Cost Deductible Deductions 96

InterWest Insurance Services

AUGUST 22, 2023

Going out of network is discouraged with high out-of-pocket costs. Preferred provider organizations – PPOs contract with hospital and provider networks to help control costs. While they will cover services outside of the network, the cost is higher than going in-network.

Family and Medical Leave Act 91

Family and Medical Leave Act Out of Pocket Cost Deductible Deductions 91

InterWest Insurance Services

DECEMBER 29, 2023

Workers at smaller firms, defined as those with fewer than 200 employees, are especially affected as they typically have to pay a larger share of the family coverage premium than their large-employer counterparts (38% vs. 25%), according to the 2023 Kaiser Family Foundation “Employer Health Benefits Survey.”

Deductible 84

Deductible Deductions Out of Pocket Cost Health Savings Account 84

InterWest Insurance Services

JANUARY 18, 2024

The average HDHP deductible for self-only coverage was $2,000 in 2023, while the minimum deductible that a plan must have to qualify as an HDHP is $1,600 ($3,200 for family coverage). HSAs are tax-advantaged accounts that allow enrollees to save up to pay qualified medical expenses.

Out of Pocket Cost 59

Out of Pocket Cost Deductible Deductions Voluntary Benefits 59

Best Money Moves

OCTOBER 22, 2024

Healthcare costs and employee financial burnout Many workers face especially high anxiety over healthcare costs. According to the 2023-2024 Aflac WorkForces Report, 50% of workers report anxiety about out-of-pocket health care expenses, even beyond what insurance covers.

Out of Pocket Cost 59

Out of Pocket Cost Healthcare Health Savings Account Medical 59