Remove Banking Remove Health Insurance Remove Out of Pocket Cost
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Having a Baby? Use Your Pre-Tax Funds to Save

Benefit Resource Inc.

The cost of having a baby is no small fee. Even with health insurance, labor and delivery can cost around $5,000, and without insurance, it can be upwards of $40,000. Fortunately, one great way to help with out-of-pocket costs is utilizing a Health Savings Account (HSA).

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Easing the Benefits Enrollment Process with Decision Support and More

Flimp Communications

That observation is backed up by a 2015 study from the Life Insurance Marketing and Research Association. The study revealed a sizable disconnect about what’s wanted and what’s offered during health insurance enrollment. About 35% of the workforce doesn’t understand or has a limited grasp of their company health benefits.

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The benefits of an HSA account

Higginbotham

The tax advantages can make health care more affordable. Even when you have health insurance, out-of-pocket expenses can be significant. HSAs provide a tax-advantaged way to cover these costs. Offering Health Savings Accounts. This “use it or lose it” framework means some people lose their funds.

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More Employers Expand Mental Health Benefits

InterWest Insurance Services

Don’t forget your health insurance There is an extensive list of mental health services your health plan should provide your staff. Of course, there will likely be some out-of-pocket costs for your employees that use these services under their group health plans.

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Which one is better for me: An FSA or HSA?

Benefit Resource Inc.

Which pre-tax account you can enroll in depends on what kind of health insurance you have. For more information see The Basics of a Consumer-Driven Health Plan and 4 Steps to be a Smart Healthcare Consumer. For HSAs: You can only enroll in an HSA if you are also enrolled in a qualified high deductible health plan.

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5 Common Myths About Health Savings Accounts (HSAs)

Flimp Communications

Here are the five most common misconceptions about health savings accounts: Myth #1: An HSA Is Just Another Healthcare Headache For better or worse, getting a health insurance claim paid can often involve jumping through a series of administrative hoops verifying coverage, securing referrals, requesting pre-approval, and so on.