WEX Inc.

NOVEMBER 21, 2024

Personalized benefits packages allow employees to select benefits that align closely with their life stage, health needs, and financial priorities. Voluntary benefits Voluntary benefits are a powerful way to offer added value without a significant cost burden.

Employee Benefits 104

Employee Benefits 401(k) Employment Health Savings Account 104

InterWest Insurance Services

OCTOBER 17, 2024

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. 51% said that high health care costs were having a major or significant impact on their ability to save for retirement.

Out of Pocket Cost 98

Out of Pocket Cost Voluntary Benefits Health Insurance Health Savings Account 98

WEX Inc.

SEPTEMBER 25, 2023

Benefits are also not top of mind for many employees. Employees are often more focused on frequently used benefits such as vacation and paid off policies (PTO) rather than insurance, voluntary benefits and retirement plans. However, they’re most likely not communicated any differently than other benefit offerings.

Voluntary Benefits 98

Voluntary Benefits Health Savings Account PTO Retirement Plan 98

InterWest Insurance Services

FEBRUARY 20, 2024

Failing to offer a health savings account The idea behind HDHPs is that the money employees save on premium can be funneled into an attached HSA, which can be used to reimburse out-of-pocket medical expenses. Offering wellness programs can boost employees’ overall health, help them lose weight or quit smoking.

Deductible 98

Deductible Deductions Out of Pocket Cost Health Savings Account 98

InterWest Insurance Services

JULY 4, 2024

Study findings The trend of more Gen Z workers gravitating to HDHPs makes sense, since these plans are best suited for younger individuals who are generally healthier and have fewer health problems than their older counterparts — Gen Xers and Baby Boomers. You can tailor your employee benefits educational sessions to each generation.

Voluntary Benefits 97

Voluntary Benefits Flexible Spending Account Deductible Deductions 97

InterWest Insurance Services

APRIL 27, 2023

In those cases, Ease CEO and co-founder David Reid recommends pairing an HDHP plan with other voluntary benefit plans that can “insure” gaps in coverage, such as short-term disability plans and group supplemental health insurance plans called Gap plans. Deductibles can be added to the plan to manage premium costs.

Health Insurance 98

Health Insurance Insurance Out of Pocket Cost Deductible 98

PeopleStrategy

JULY 8, 2019

Ancillary benefits : these types of benefits are in addition to standard health coverage, and can include dental, vision care, life insurance and short- or long-term disability coverage.

Health Savings Account 82

Health Savings Account Deductible Deductions Healthcare 82