Remove Benefits Package Remove IT Remove Out of Pocket Cost Remove Voluntary Benefits
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Hospital Indemnity Insurance a Key Voluntary Benefit

InterWest Insurance Services

The average cost of appendix-removal surgery is over $30,000. But if you have an 80-20 plan, your worker is still responsible for her deductible (averaging over $1,600), plus 20% of that cost, or over $6,000. That leaves your worker exposed to a total out-of-pocket cost of over $7,600.

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Identify Your Workers’ Needs, Consider Costs before Open Enrollment

InterWest Insurance Services

This is an important exercise to ensure that any of your workers don’t pick a plan that costs them too much in premium if they rarely use their health insurance, or costs them too much in out-of-pocket expenses if they are frequent users of health care. Get an early start If your plan year starts Jan.

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How to offer health insurance as a small business

Higginbotham

Glassdoor surveyed workers and found that when choosing between a high-paying job and a low-paying job with better benefits, health insurance and flexible hours could spur them to pick the lower-paying job with better benefits. A benefits package can also boost your company’s bottom line by supporting a healthy workforce.