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From deductibles to wellness: Why benefits options matter

WEX Inc.

In the first post of this year’s open enrollment series, we break down some of the common feedback we received from those who said their benefits options were lacking so you can build the best benefits package going into your open enrollment. Deductibles are too high. Wish there were more options.” “A

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

Higginbotham

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. Offering a high-deductible health plan as part of an employee benefits package, therefore, may be a strategic option for your organization.

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Worksite benefits: Hospital indemnity insurance and beyond

Higginbotham

And, for most hospital indemnity plans, there are no deductibles, provider networks or other complications to worry about. Your employees may use their hospital indemnity insurance benefits to cover deductibles, copays, out-of-network costs and other expenses associated with a hospital stay. However, education is key.

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FSA eligible expenses — what purchases count?

Business Management Daily

Open enrollment is underway for many companies right now and one benefits offering that may be on the menu this year is an FSA. Employers are constantly looking for ways to remain competitive in their benefits offerings, and an FSA is a great add-on to your benefits package. A Wide Array of FSA Eligible Items.

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Executive benefit reimbursement plans

Higginbotham

Employees may face uncovered costs in numerous ways: They have to pay a share of the premium for insurance. They have to pay a deductible. HSAs: These accounts are owned by the employee; so the employee can keep the account when switching jobs or retiring. Manage enrollment. HRAs are owned by the employer.

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FSA receipt requirements: What you need to document

Business Management Daily

They are a great add-on to a business’ employee benefits package and help employees pay for the expenses that they need to stay healthy and care for their loved ones. Reimbursements from a healthcare FSA can only be paid to reimburse the employee for qualified medical expenses incurred during the period of coverage.

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