InterWest Insurance Services

JANUARY 17, 2023

If you decide to keep them on the company’s plan, how you handle their insurance depends on your size: Fewer than 20 employees — Employees who work for these firms will need to enroll in Medicare when they turn 65. Medicare will be the primary payer of health insurance claims for these workers under the law.

Health Insurance 81

Health Insurance Insurance Health Savings Account Hospitality 81

InterWest Insurance Services

JANUARY 17, 2023

Besides health insurance and a 401(k) plan, other benefits that employees value highly are generous paid time off and flexible or remote work, according to a new survey. “A multi-generational workforce is a huge benefit for companies,” said Liz Ahmed, executive vice president of People and Communications at Unum.

401(k) 90

401(k) Health Insurance Insurance Voluntary Benefits 90

PeopleKeep

MARCH 7, 2022

If you’re offering a group health plan with a high deductible to save money, a special type of health reimbursement arrangement (HRA) has been specifically designed for employers like you: the integrated HRA. You’re looking to reduce healthcare costs. You want to attract and retain top talent.

Health Insurance 98

Health Insurance Deductible Deductions Healthcare 98

WEX Inc.

JANUARY 6, 2025

COBRA can provide important health insurance security when youve experienced job loss or another qualifying event. In this blog post, we outline some of the ways your ability to use your employee benefits changes when you elect COBRA. Subscribe to our blog to learn more! It is not legal or tax advice.

Employee Benefits 98

Employee Benefits Flexible Spending Account Health Savings Account Flexible Spending 98

WEX Inc.

AUGUST 15, 2023

Whether you're transitioning from your parents' insurance, landed your first full-time job, or are simply obtaining coverage for the first time, choosing health plans and employee benefits options can be overwhelming. For starters, let’s look at a few considerations when evaluating health plans for the first time.

Deductible 98

Deductible Deductions Healthcare Flexible Spending Account 98

Global People Strategist

JUNE 8, 2022

This blog will give a better understanding of the healthcare programs in the country. Public health. Private health insurance. Thai Public Health. Expats working in Thailand have to sign up for the public health program part of the Universal Coverage Scheme. Private Health Insurance in Thailand.

Health Insurance 52

Health Insurance Insurance Hospitality Deductions 52

PeopleKeep

SEPTEMBER 26, 2022

When considering health insurance policies for your organization, you may have wondered if it’s better to have a low deductible health plan (LDHP) or a high deductible health plan (HDHP). While HDHPs have higher deductibles than LDHPs, as the name implies, there can be benefits to taking on the risk.

Deductions 52

Deductions Deductible Health Savings Account Health Insurance 52

InterWest Insurance Services

OCTOBER 31, 2024

Simple health insurance is insufficient to carry the load. Over 80% of middle-market respondents report that they got their health insurance, disability insurance and retirement plan all through their employer. Meanwhile, six in 10 have no life insurance in place outside of the workplace.

Disability Insurance 93

Disability Insurance Life Insurance Deductible Deductions 93

InterWest Insurance Services

MARCH 4, 2022

As rising health insurance premiums and out-of-pocket costs for health care are burdening workers, more employers are looking for ways to help their staff put aside money for those expenses. Fortunately, there is another option: a health reimbursement arrangement (HRA). Qualified medical expenses. How HRAs work.

Medical 90

Medical Health Insurance Out of Pocket Cost Deductible 90

InterWest Insurance Services

JUNE 13, 2024

Employer adoption of specialized accounts that they fund to help reimburse employees when they buy health insurance on their own is surging in 2024. Employers fund these accounts with money that employees can use to purchase health insurance, often on Affordable Care Act exchanges.

Health Insurance 90

Health Insurance Insurance Deductions Deductible 90

InterWest Insurance Services

DECEMBER 28, 2021

This coverage offers a cash payment directly to the insured worker in the event of the hospitalization of themselves or a covered family member. The worker can use this cash benefit for any purpose, including: Deductibles. even for people with health insurance. Coordination with group health insurance.

Voluntary Benefits 91

Voluntary Benefits Hospitality Insurance Out of Pocket Cost 91

InterWest Insurance Services

AUGUST 1, 2023

If you are running a business, you need to get an early start on preparations for your small group health plan open enrollment, particularly now as so much confusion abounds about the state of health insurance in the country. Point of service – A POS health plan is a mix between an HMO and a PPO-style health insurance policy.

Family and Medical Leave Act 96

Family and Medical Leave Act Out of Pocket Cost Deductions Deductible 96

Qandle

DECEMBER 5, 2023

In this detailed blog post, we’ll explore the key components of payroll processing and how organizations can streamline this complex function. Understanding Payroll Processing: At its core, payroll processing involves calculating employee compensation, including salaries, wages, bonuses, and deductions. What is payroll rules?

Payroll 79

Payroll Net Pay Gross Pay Payroll System 79

InterWest Insurance Services

MARCH 16, 2023

The poll of 26 health benefits decision-makers at large firms, carried out by The Commonwealth Fund and the Employee Benefits Research Institute (EBRI), found that despite rising premium and health care costs, they felt obligated to offer health insurance instead of shunting employees to exchanges.

Health Insurance 94

Health Insurance Employment Out of Pocket Cost Health Savings Account 94

InterWest Insurance Services

NOVEMBER 2, 2023

A new study’s findings that many workers have a poor understanding of their employer-sponsored health insurance benefits, presents an opportunity for businesses to extend targeted support to staff during open enrollment. The study authors recommend a return-to-basics approach during open enrollment for these workers.

Health Insurance 87

Health Insurance Deductions Deductible Insurance 87

InterWest Insurance Services

JULY 20, 2022

Keep in mind that the ritual of choosing a benefits package is a brand-new experience for people who are new to the workforce, and you should prepare to educate new employees on how to effectively choose and use their new coverages, as well as all the details like premiums, deductibles and out-of-pocket expenses.

Education 92

Education 401(k) Deductible Deductions 92

InterWest Insurance Services

AUGUST 22, 2023

If you are running a business, you need to get an early start on preparations for your small group health plan open enrollment, particularly now as so much confusion abounds about the state of health insurance in the country. Point of service – A POS health plan is a mix between an HMO and a PPO-style health insurance policy.

Family and Medical Leave Act 91

Family and Medical Leave Act Out of Pocket Cost Deductions Deductible 91

WEX Inc.

AUGUST 23, 2023

Examples of voluntary benefits are: Supplemental life insurance Critical illness Pet insurance Voluntary benefits are additional perks that an employer can offer at a discounted group rate, with the employee either fully or partially paying for the benefits through a payroll deduction. Go to our webpage.

Voluntary Benefits 98

Voluntary Benefits Disability Insurance Life Insurance Insurance 98

PeopleStrategy

MARCH 12, 2020

Prevention is key and we encourage you to follow the guidance provided by local health authorities, the World Health Organization and the Centers for Disease Control and Prevention. To alleviate one aspect of confusion, the IRS has issued guidance on testing as it relates to high-deductible health plans.

Family and Medical Leave Act 83

Family and Medical Leave Act Employment Health Insurance Deductions 83

InterWest Insurance Services

MAY 16, 2024

After enrollment in high-deductible health plans soared during the last decade, 2022 marked the first year that enrollment in these plans fell among American workers since 2013, according to a new report by ValuePenguin. The insurance-review website found that 54% of U.S. HSAs can be moved when an employee switches jobs.

401(k) 87

401(k) Deductible Deductions Health Savings Account 87

InterWest Insurance Services

OCTOBER 17, 2024

workers would accept a job with a slightly lower salary if it offered better health care and medical coverage. The main driver in workers prioritizing benefits is the rapidly rising cost of group health insurance premiums and out-of-pocket costs, according to the study by Voya Financial.

Out of Pocket Cost 95

Out of Pocket Cost Voluntary Benefits Health Insurance Health Savings Account 95

InterWest Insurance Services

AUGUST 15, 2024

It’s also important that they understand how much of a certain drug their health plan will cover and what their estimated out-of-pocket costs will be, so that they can budget accordingly. Formularies explained The list of drugs that an insurance plan will cover or pay for is called a formulary. That’s the trade-off.

Out of Pocket Cost 91

Out of Pocket Cost Pharmaceutical Deductible Deductions 91

InterWest Insurance Services

MARCH 31, 2022

But more than two years into a public health emergency, some health insurers have begun to roll back their pandemic-era coverage policies or fallen into a pattern of extending coverage for only a few months at a time. Other states mandate parity in how insurance plans reimburse providers.

Health Insurance 91

Health Insurance Deductions Deductible Insurance 91

InterWest Insurance Services

JULY 18, 2024

With the increase of high-deductible health plans and the resulting potential high out-of-pocket expenses workers may face, they are gravitating towards products that can provide much-needed cash in case of an unexpected event.

Voluntary Benefits 82

Voluntary Benefits Hospitality Health Insurance Deductions 82

WEX Inc.

SEPTEMBER 14, 2023

When approaching open enrollment, do … Evaluate available health insurance plans. Increasingly, employers are offering their employees both HSA-eligible health plans (or high-deductible health plans ) and traditional health plans.

401(k) 98

401(k) Health Savings Account Flexible Spending Account Healthcare 98

InterWest Insurance Services

JULY 13, 2023

Employers who were surveyed for a new report expected that group health insurance premiums would increase 5.4% In fact, 64% of large employers (with 500 or more workers) plan to enhance their health insurance and well-being benefits to stay competitive for talent and to keep their staff happy, Mercer found. copay plan).

Employment 89

Employment Out of Pocket Cost Health Insurance Health Savings Account 89

InterWest Insurance Services

JANUARY 20, 2022

One of the health insurance trends that went largely unnoticed in 2021 was that employers halted cost-shifting to their employees by reducing or holding steady workers’ deductibles and other cost-sharing. Additionally, despite average group health premiums growing 6.3%

Employment 91

Employment Deductions Deductible Employee Enrollments 91

InterWest Insurance Services

JULY 25, 2024

The 2023 “Aflac WorkForces Report” found that while 51% of employees have a solid understanding of their total annual cost for health care coverage and care, just 39% have a full understanding of their health insurance policy. Additionally, 30% of employees say they need more information surrounding their benefits.

Deductible 87

Deductible Deductions Voluntary Benefits Medical 87

WEX Inc.

SEPTEMBER 4, 2024

Whether you’re transitioning from your parents’ insurance, landed your first full-time job, or are simply obtaining coverage for the first time, choosing health plans and employee benefits options can be overwhelming. For starters, let’s look at a few considerations when evaluating health plans for the first time.

Deductible 52

Deductible Deductions Flexible Spending Account Healthcare 52

InterWest Insurance Services

MAY 18, 2023

A new study has found that people enrolled in traditional PPOs and HMOs are more satisfied with their plans than those who are enrolled in high-deductible health plans. The sticker shock that comes with paying for those deductibles is likely partly responsible for those feelings.

Out of Pocket Cost 97

Out of Pocket Cost Health Savings Account Deductible Deductions 97

InterWest Insurance Services

JULY 4, 2024

workers choosing high-deductible health plans has leveled off during the last two years, uptake has been growing rapidly among one segment of the working population: Gen Z employees. HDHPs feature higher deductibles and more out-of-pocket expenses in exchange for lower premiums upfront. While the number of U.S.

Voluntary Benefits 81

Voluntary Benefits Flexible Spending Account Deductions Deductible 81

InterWest Insurance Services

JUNE 16, 2022

One in five workers surveyed said that health care and health insurance are a major factor when deciding to accept a job, compared with only 13% of human resources executives, according to the “2022 Health at Work” survey by Quest Diagnostics.

401(k) 92

401(k) Health Insurance Health Savings Account Human Resources 92

InterWest Insurance Services

NOVEMBER 25, 2022

They also cover the minimum deductibles that qualify programs as high-deductible health plans (HDHPs), which an HSA must be attached to under law. Every year, the employee must decide how much they want their employer to deduct (pre-tax) from their paycheck to set aside in their HSA. 7,750 for family coverage (up $450).

401(k) 87

401(k) Deductions Deductible Flexible Spending Account 87

InterWest Insurance Services

JUNE 6, 2024

After enrollment in high-deductible health plans soared during the last decade, 2022 marked the first year that enrollment in these plans fell among American workers since 2013, according to a new report by ValuePenguin. The insurance-review website found that 54% of U.S. HSAs can be moved when an employee switches jobs.

401(k) 76

401(k) Deductible Deductions Health Savings Account 76

InterWest Insurance Services

DECEMBER 3, 2021

While some employees’ eyes are bound to gloss over while someone is explaining the various plan options, their networks, their copays, deductibles and more, it pays to take the time to explain them step by step. Avoid getting bogged down in health insurance jargon and keep it simple. The simpler the better. The takeaway.

Deductions 91

Deductions Deductible Health Savings Account Health Insurance 91

InterWest Insurance Services

DECEMBER 14, 2021

Employers looking for ways to decrease their group health insurance outlays over the past decade have been turning to high-deductible health plans as they offer lower up-front premiums. It means getting the deductible amounts right and educating them on how to best use these plans. Too-high deductibles.

Deductible 83

Deductible Deductions Health Savings Account Medical 83

WEX Inc.

JULY 24, 2024

These communication tactics can be especially useful if you’re updating major health insurance options, like switching to a high-deductible health plan (HDHP) or adding a health savings account (HSA) and want to measure the outcomes of these changes. It is not legal or tax advice.

Health Savings Account 59

Health Savings Account Taxes Health Insurance Deductions 59