InterWest Insurance Services

JUNE 2, 2023

Employers offer flexible savings accounts and health savings accounts to their employees so they can build up funds with pre-tax dollars to pay for health care and related expenses. As a result, while employees with HSAs are not pressured to spend funds in their accounts every year, those with FSAs are.

Out of Pocket Cost 94

Out of Pocket Cost Health Savings Account Medical Health Insurance 94

Business Management Daily

APRIL 29, 2024

Employees today expect more, and attracting the best will depend on offering the right perks. In this blog, we’ll talk about different types of fringe benefits and how employers can make the most of what’s available. Finding employee fringe benefits The field of workplace perks has become an industry of its own.

Out of Pocket Cost 84

Out of Pocket Cost PTO 401(k) Deductible 84

InterWest Insurance Services

NOVEMBER 22, 2023

In order to contain costs and improve outcomes for their workers, employers can employ a number of different strategies, according to the report by the International Foundation of Employee Benefit Plans. Routine immunizations. Preventive services for men and women.

Out of Pocket Cost 81

Out of Pocket Cost Education Insurance Health Insurance 81

InterWest Insurance Services

AUGUST 10, 2022

Employers who offer health savings account-eligible high-deductible health plans (HDHPs) to employees can significantly expand pre-deductible coverage for certain drugs used to manage chronic conditions — with only a tiny effect on premiums. That’s the finding of a new study from the Employee Benefit Research Institute (EBRI).

Deductions 87

Deductions Deductible Family and Medical Leave Act Health Savings Account 87

InterWest Insurance Services

APRIL 27, 2023

Some employers have gravitated towards HDHPs to reduce their and their employees’ overall premium spend, but these plans come at a cost: more out-of-pocket costs for workers. Coverage can often be configured to be compatible with HDHPs using health savings accounts.

Health Insurance 81

Health Insurance Insurance Out of Pocket Cost Deductions 81

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 92

Health Insurance Employment Out of Pocket Cost Health Savings Account 92

CorpStrat

DECEMBER 15, 2022

Read our full blog post to learn what to look out for before you finalize your decisions. When it comes time to enroll in a plan, compare different policies and understand their coverages and associated costs (e.g., Others may simply re-enroll with last year’s choices. Mistake #6: Selecting Insufficient Coverage.

Health Insurance 52

Health Insurance Out of Pocket Cost Deductions Deductible 52

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.

Out of Pocket Cost 68

Out of Pocket Cost Flexible Spending Account Health Savings Account Health Insurance 68

InterWest Insurance Services

JULY 6, 2023

More and more insurers are expanding the use of telemedicine, just as a new study shows promising cost savings of up to 25% from virtual care when implemented properly. The study’s authors noted that there are other benefits besides just cost savings.

Insurance 72

Insurance Out of Pocket Cost Hospitality Health Savings Account 72

InterWest Insurance Services

MAY 25, 2022

A new survey has found that managing health care costs and expanding mental health benefits will be a top priority for U.S. employers as they ramp up benefits to compete for talent in the tight job market spawned by the COVID-19 pandemic. Steps they are considering include: Improving quality and outcomes to lower overall cost.

Employment 78

Employment Out of Pocket Cost Health Insurance Insurance 78

InterWest Insurance Services

FEBRUARY 8, 2023

There are many benefits to diverting patients to less invasive procedures that are as effective as surgery: The employee benefits from not having to undergo surgery, not having to deal with anxiety and pain after the procedure, as well as lower out-of-pocket costs.

Out of Pocket Cost 78

Out of Pocket Cost Insurance Health Insurance Medical 78

InterWest Insurance Services

SEPTEMBER 23, 2022

As the labor market remains tight and businesses struggle to find staff, more small firms are starting to offer employee benefits, particularly health coverage. But that’s not a good strategy if you want to keep your employees happy and avoid high turnover. Getting it right.

Health Insurance 82

Health Insurance Out of Pocket Cost Insurance Paid Leave 82

InterWest Insurance Services

JANUARY 26, 2022

The report states that the findings raise concerns about whether some employees can even afford to use their health plans. It stressed two main points: High deductibles — The report found one of the main drivers of stress was high deductibles and other out-of-pocket costs.

Out of Pocket Cost 92

Out of Pocket Cost Deductions Deductible Flexible Spending Account 92

WEX Inc.

OCTOBER 17, 2024

As we approach the 2024 United States presidential election, Chris Byrd, senior vice president, health executive and, more broadly, head of Government Affairs at WEX, joined our Benefits Buzz podcast for an insightful conversation on how election years can influence employee benefits.

Employee Benefits 59

Employee Benefits Flexible Spending Account Health Savings Account Out of Pocket Cost 59