Best Money Moves
JUNE 1, 2022
Health care costs can often drag behind increases in consumer prices, so employees may face an increase in costs that will last throughout this year and next. According to the Kaiser Family Foundation, 46% of employees reported that they have less than $1,000 in out-of-pocket costs for any unexpected hospital/doctor visit.
InterWest Insurance Services
DECEMBER 28, 2021
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. Little or no cost to the employer. Few people can cover that.
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InterWest Insurance Services
AUGUST 1, 2023
Going out of network is discouraged with high out-of-pocket costs. Preferred provider organizations – PPOs contract with hospital and provider networks to help control costs. While they will cover services outside of the network, the cost is higher than going in-network.
InterWest Insurance Services
AUGUST 22, 2023
Going out of network is discouraged with high out-of-pocket costs. Preferred provider organizations – PPOs contract with hospital and provider networks to help control costs. While they will cover services outside of the network, the cost is higher than going in-network.
Insperity
OCTOBER 31, 2017
From employer-sponsored health insurance to retirement savings plans, an attractive benefits package can help you hire the best employees and ensure you retain them for many years to come. But as incredible as it may seem, many employees don’t take full advantage of all the benefit options their employer offers.
InterWest Insurance Services
JULY 13, 2023
Employers said they are looking to manage growing group benefit costs without shifting costs to employees, as they realize that their staff are likely dealing with inflation in all facets of their lives, including their medical bills, according to Mercer’s “Survey on Health and Benefit Strategies for 2024.”
InterWest Insurance Services
SEPTEMBER 27, 2023
With answers and feedback in hand you can create a benefits package that is more appealing to them, which in turn gives you a competitive edge when attracting and retaining workers. Engage employees and solicit feedback through quarterly employee-benefits round table meetings. Get an early start If your plan year starts Jan.
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