Remove Benefits Package Remove Employee Wellness Remove Out of Pocket Cost
article thumbnail

Examples of fringe benefits by category

Business Management Daily

Healthcare plans usually fall into the following three categories: Health Maintenance Organization (HMO) : Employees select a primary care physician (PCP) from a network of healthcare providers, then use a referral system to see a specialist. HMO plans often have lower premiums and out-of-pocket costs compared to other plans.

article thumbnail

Navigating HSAs and the Health, Wealth, and Wellness Triangle

Benefit Resource Inc.

In today’s dynamic workplace landscape, employers are realizing that fostering employee well-being extends far beyond traditional compensation packages. The Health, Wealth, Wellness Triangle has emerged as a framework that acknowledges the interconnectedness of personal health, financial stability, and overall wellness.

article thumbnail

How to manage employer health care costs

Higginbotham

The following five strategies can help you control employer health care costs without sacrificing quality. Invest in Employee Wellness If you want to lower your employer health care costs, it makes sense to encourage your employees to be as healthy as possible. Encourage employees to use their benefits.