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Examples of fringe benefits by category

Business Management Daily

HMO plans often have lower premiums and out-of-pocket costs compared to other plans. Preferred Provider Organization (PPO) : Employees can visit any doctor or specialist without a referral, both in and out of the plan’s network. PPO plans usually have higher premiums and out-of-pocket costs compared to HMO plans.

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Having a Baby? Use Your Pre-Tax Funds to Save

Benefit Resource Inc.

Even with health insurance, labor and delivery can cost around $5,000, and without insurance, it can be upwards of $40,000. Fortunately, one great way to help with out-of-pocket costs is utilizing a Health Savings Account (HSA). This way when you’re ready to have a child, you come out with even more savings.

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16+ types of employee benefits you should consider

Genesis HR Solutions

Accident insurance helps employees pay for the medical and out-of-pocket costs that you may incur after an accidental injury. This NerdWallet article breaks down the differences between short-term disability insurance and long-term disability insurance. Accident Insurance. eHealthinsurance.com ).

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8 Strategies for Successful Employee Engagement

Benefit Resource Inc.

All of these benefit programs help employees stay healthy while also significantly reducing their out-of-pocket costs, resulting in increased employee engagement and morale. Reward Achievements – Rewarding employees for their achievements is another great way to encourage better engagement in the workplace.