InterWest Insurance Services

JULY 13, 2023

this year and at a faster clip in 2024 as inflation hits medical costs. ” Whether to pass on higher costs Besides the 64% of employers who said they would boost their benefits in 2024, 28% said they would not but have done so in the past two years. Increasing virtual care offerings, beyond standard telemedicine.

Employment 98

Employment Out of Pocket Cost Health Insurance Health Savings Account 98

InterWest Insurance Services

OCTOBER 20, 2022

The Centers for Medicare and Medicaid Services’ transparency rules were implemented to shine the light on what hospitals charge for their various medical services, the negotiated rates insurers have with health plans and the out-of-pocket costs enrollees can expect to pay for these services.

Hospitality 98

Hospitality Out of Pocket Cost Insurance Medical 98

InterWest Insurance Services

JANUARY 5, 2023

With Americans increasingly struggling to pay their health care bills, more employers are shying away from only offering their workers high-deductible health plans (HDHPs) that reduce premiums up front for higher out-of-pocket costs for workers. The expected health insurance cost growth of 5.4% What employers are doing.

Out of Pocket Cost 92

Out of Pocket Cost Employment Health Insurance Deductible 92

McDermott Will & Emery Employee Benefits

MARCH 21, 2024

On January 31, 2024, the US Centers for Medicare & Medicaid Services (CMS) released the Advance Notice of Methodological Changes for Calendar Year (CY) 2025 for Medicare Advantage (MA) Capitation Rates and Part C and D Payment Policies. CMS also released a press release and fact sheet.

Out of Pocket Cost 103

Out of Pocket Cost Employee Benefits Health and Welfare Manufacturing 103

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. Last year, the wavier was extended by legislation through Dec.

Insurance 95

Insurance Out of Pocket Cost Hospitality Health Savings Account 95

Benefit Resource Inc.

JANUARY 4, 2023

The bill extends pre-deductible coverage for telehealth services through 2024, meaning that employers will be able to continue offering these benefits for another two years. This legislation extends through plan years beginning in 2024. This makes it easier and more affordable for employees to access care when they need it.

Deductible 40

Deductible Deductions Out of Pocket Cost Healthcare 40

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 52

Out of Pocket Cost Healthcare Health Savings Account Medical 52

HR Professionals Magazine

JUNE 28, 2023

Insulin prices have increased 600 percent over the last 20 years causing many consumers to be at risk of non-adherence due to cost. 4 Solving the Affordability Issue – Legislation Influence The Inflation Reduction Act , a spending package Congress approved in 2022, capped insulin out-of-pocket costs at $35 for Americans with Medicare.

Healthcare 52

Healthcare Manufacturing Out of Pocket Cost Medical 52

Higginbotham

SEPTEMBER 16, 2024

Employees must pay the deductible out of pocket before the plan contributes to covered care costs. However, depending on the specific plan, preventive care may be covered before the deductible is met with no out-of-pocket costs. By opting for a higher deductible, employees can secure lower monthly premiums.

Deductible 52

Deductible Deductions Health Savings Account Health Insurance 52

Higginbotham

MARCH 17, 2022

1, 2024: A list of the remainder of all items and services is required for plan years beginning on or after Jan. 1, 2023: A list of 500 shoppable services must be available via the internet-based self-service tool for plan years beginning on or after Jan. Links and Resources . Machine-readable Files.

Health Insurance 52

Health Insurance Out of Pocket Cost Insurance Health Savings Account 52

Higginbotham

JANUARY 24, 2025

Inflation is one factor, but health care costs have historically risen at levels that far exceed regular economic inflation rates, meaning that inflation doesnt provide a full explanation. According to PwC, other significant factors behind rising health costs include behavioral health utilization and prescription drug spending.

Out of Pocket Cost 52

Out of Pocket Cost Employment Deductible Deductions 52

InterWest Insurance Services

APRIL 22, 2022

House of Representatives has passed legislation that would cap the out-of-pocket cost of insulin at $35 a month for people with group or private health insurance. While the measure still has to face a vote in the Senate, it has broad backing after the cost of insulin has skyrocketed in recent years.

Out of Pocket Cost 98

Out of Pocket Cost Insurance Health Insurance Deductible 98

WEX Inc.

OCTOBER 17, 2024

As we approach the 2024 United States presidential election, Chris Byrd, senior vice president, health executive and, more broadly, head of Government Affairs at WEX, joined our Benefits Buzz podcast for an insightful conversation on how election years can influence employee benefits.

Employee Benefits 59

Employee Benefits Flexible Spending Account Health Savings Account Out of Pocket Cost 59