Why this insurer designed health plans with no deductibles or copays
Employee Benefit News
NOVEMBER 17, 2023
Fred Turner, CEO of Curative, explains why employers need to break away from traditional health plans.
Deductible Deductions Health Insurance 
How Can Companies Contain Health Insurance Costs?
Pacific Prime
MARCH 12, 2025
There are many ways companies can handle skyrocketing health insurance costs while maintaining competitive benefits packages such as considering copayment and deductibles, encouraging preventative care, or removing overpriced providers from their provider lists. The post How Can Companies Contain Health Insurance Costs?
Join 46,000+
Insiders
Sign Up for our Newsletter
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Trending Sources
Are Your Benefits Enough to See Employees Through a Crisis?
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.
How to Create a Pay Stub for Employees?
HR Lineup
JANUARY 29, 2024
A pay stub not only serves as a record of an employee’s earnings but also provides crucial information about deductions, taxes, and other financial details. Deductions: Federal and state taxes Social Security and Medicare contributions Health insurance premiums Retirement contributions 4. Deductions and Taxes 1.
Net Pay 
246
246 
Do Health Insurance Deductibles Carry Over? | BerniePortal
BerniePortal
JULY 14, 2021
When an organization renews health plans in the middle of the year, employees might worry that their deductible will reset. It’s an understandable worry; if they’re close to meeting their deductible and have to start all over again, it could impact their medical decisions and their financial health.
Deductible 98
98 
What is Hire-to-Retire (HTR)?
HR Lineup
SEPTEMBER 24, 2024
Benefits Administration: Offering competitive benefits such as health insurance, retirement plans, paid time off, and wellness programs. Key Features: Automated payroll processing: Technology ensures timely and accurate payments by automating payroll tasks such as salary calculations, tax deductions, and overtime.
Retirement Plan 245
245 
The Employee Healthcare Crisis: This is How To Help
Best Money Moves
SEPTEMBER 25, 2024
American families are in the midst of a healthcare crisis and employer-sponsored health insurance can’t keep up. Even with support from employee health insurance programs, millions of American families cannot afford the full care they need. copay or deductible).
Healthcare 105
105 
What to do if your zero-deductible health plan goes away
PeopleKeep
FEBRUARY 16, 2022
There are many factors to consider when it comes to selecting health insurance. One option that appeals to many employers is the zero-deductible health plan because it means the insurance company will start accepting claims from the very beginning.
Deductible 98
98 
Insurance Deductible Reset: End of Year Tips
BerniePortal
SEPTEMBER 23, 2021
As the time nears for organizations to renew their health plan , many employees may become concerned if their health insurance deductibles are also set to renew. If an employee is on the cusp of meeting their deductible when it comes time for their health insurance plan to reset, it can be an understandable worry.
Deductible 98
98 
Choosing between a low- or high-deductible health plan
PeopleKeep
DECEMBER 10, 2021
For most people, open enrollment is that time of year when choosing health insurance is crucial. It can be difficult to make sure you have the coverage you need without paying more than you have to.
Deductible 98
98 
Small business tax credits and deductions you should know about
Business Management Daily
MARCH 3, 2023
Tax credits vs. tax deductions The end result of taking tax credits and tax deductions is basically the same: You will pay less tax. But there is a difference between the two: Tax deductions reduce your taxable income. Any item you take as a tax credit can’t be used again as a tax deduction. In 2023, this amount is $2.89
Deductible 98
98 
Four High Deductible Health Plan Mistakes to Avoid
InterWest Insurance Services
FEBRUARY 20, 2024
With more than half of all private sector employees enrolled in high-deductible health plans , it’s important that employers have in place certain protocols to ensure that they are a success. Providers in an insurer’s network may charge vastly different rates for the same procedure.
Deductible 98
98 
Ten Benefits of Self-Employment in Later Life
Money Talk
OCTOBER 11, 2023
Tax Write-Off for Self-Employment Tax - On line 15 of Schedule 2 (for a 1040 form), self-employed workers can write off the deductible portion of their self-employment tax (calculated on Schedule SE), which will lower adjusted gross income (AGI), a trigger for many other taxes.
Employment 215
215 
Are Payroll Deductions for Health Insurance Pre-Tax? The Answer You Need to Know
Patriot Software
JUNE 21, 2021
Providing health insurance benefits to your employees can leave you with a lot of questions. If you have your employees contribute to their premiums, you have to know how to deduct the cost from their gross pay. But, are payroll deductions for health insurance pre-tax?
Most Workers Make Bad Health Insurance Decisions
InterWest Insurance Services
SEPTEMBER 9, 2022
Even though the majority of workers receive health insurance coverage on the job, a new survey has found that many of them understand surprisingly little about their health plans and are leaving money on the table. Most health plans do not cover out-of-network care. What you can do.
Not Knowing Legal vs. Illegal Payroll Deductions Can Cost You Big Time
Patriot Software
AUGUST 22, 2022
And chances are, you probably have to deal with a few types of payroll deductions, like 401(k) or health insurance, when paying employees. But, what happens when you have to deal with a deduction that you don’t have consent for, like a correction for a payroll error? […] READ MORE.
Deductible 86
86 
Top 8 Health Insurance Terms To Know
PeopleKeep
DECEMBER 30, 2024
If you're shopping for a health plan for the first time, knowing key health insurance terms can be helpful. For example, choosing the best health insurance coverage can be tricky if you don't know the difference between a premium and a deductible.
2022 Health Insurance Outlook, Changes
InterWest Insurance Services
DECEMBER 9, 2021
HDHP telehealth services — The CARES Act, signed into law in 2020 after the pandemic started, temporarily allowed high-deductible health plans to pay for telehealth services before an enrollee had met their deductible. 1, 2022, HDHPs must charge enrollees for telehealth services if they have not yet met their deductible. .
Smallest Firms See Largest Health Insurance Hikes
InterWest Insurance Services
APRIL 27, 2023
A new report has found that small businesses that purchase their group health insurance online or through payroll vendors saw the largest premium hikes in 2022, significantly higher than those that went through brokers. Gap plans can help by providing coverage when employees have not met their health care deductible.
Twelve Tax Planning Topics for 2022
Money Talk
APRIL 14, 2022
Here are 12 tax topics to consider: Itemized Deductions- Only about 10% of taxpayers can itemize since the Tax Cuts and Jobs Act went into effect in 2018. Strategies to garner a tax benefit for charitable gifts to qualified charities include “bunching” deductions into one tax year and setting up and funding a donor advised fund.
Taxes 189
189 
Fully Insured vs Self-Insured vs Level-Funded: What Does It All Mean To The Small Employer?
Fringe Benefit Analysts
OCTOBER 17, 2024
Small employers looking for ways to control their group health insurance costs are more closely examining what it means to be “ fully insured.” What Is a Fully Insured Health Plan? Fully insured” is what most people mean by “ insurance ” or group health insurance.
Auto Insurance: Strategies to Save
Money Talk
NOVEMBER 15, 2022
Revisit Your Deductibles - Check with your insurance agent on policy premium costs and consider raising the deductibles on your policy (e.g., a $500 to a $1,000 deductible), however, only if there is significant savings. a $500 to a $1,000 deductible), however, only if there is significant savings. Do this (e.g.,
Insurance 182
182 
Role of Payroll Software in Eliminating Compliance Risks
Qandle
JANUARY 29, 2025
5 Streamlines Benefit Deductions Benefit deductions, such as healthcare premiums, retirement contributions, and other employee benefits, can be complex to calculate. Payroll software simplifies this process by automatically applying the correct deductions based on employee benefits selections.
A Look At Health Insurance Offers By Startups
HR Digest
SEPTEMBER 14, 2020
Under the Affordable Care Act, there is a subsidy available for small businesses that provide health insurance to their employees. To qualify, the startup must have fewer than 25 full-time equivalent employees, pay average annual wages below $50,000 and contribute 50% or more toward employees’ self-only health insurance premiums.
Financial Planning Tips for Self-Employed Older Adults
Money Talk
JULY 25, 2024
Contributions to non-Roth accounts are often tax-deductible, thereby reducing adjusted gross and, ultimately taxable, income. Don’t Overlook Health Insurance Tax Premiums - Self-employed older adults who pay their health insurance premiums (including Medicare) may be eligible to deduct these expenses as an adjustment to gross income.
Employment 162
162 
Basics of Tax-Efficient Investing
Money Talk
AUGUST 3, 2022
Consider Tax-Saving Gifts - Only about 10% of taxpayers today can itemize deductions and it generally requires a plan to aggregate sufficient deductible expenses that exceed the standard deduction amount ($12,950 for singles and $25,900 for married couples filing jointly).
Taxes 189
189 
How to Cut Health Care Costs
Money Talk
DECEMBER 16, 2021
One category is health care, which takes a big chunk out of family budgets. This includes expenses for health insurance as well as deductibles, copayments, and coinsurance when medical bills occur. In 2018, the average American household spent almost $5,000 per person on health care.
Medical 230
230 
Gen Z, Millennials Grow Disillusioned with Their Health Insurance
InterWest Insurance Services
APRIL 27, 2022
Surprise bills and billing errors are driving growing dissatisfaction among Millennials and Gen Zers with their health insurance, a new study has found. Already facing outsized medical cost hits, an increase in billing mistakes and surprise bills is contributing to a dim view of health insurance among Millennials and Gen Zers.
How to Tell If Your High-Deductible Health Plan Is HSA Qualified
PeopleKeep
MAY 21, 2020
Employers offering a high deductible health plan (HDHP) have several ways to supplement the low-coverage and make the benefit more meaningful. One way is to offer a group coverage HRA (GCHRA) which enables employers to reimburse employees for out-of-pocket expenses. Another is to offer an HSA alongside the HDHP.
Deductible 86
86 
FAQ: What is an HSA High Deductible Health Plan (HDHP)?
PeopleKeep
OCTOBER 26, 2020
The percentage of workers covered under HDHP plans has increased from four percent of all employer-sponsored health insurance plans in 2006 to 31 percent in 2020. A high deductible health plan (HDHP) paired with a Health Savings Account (HSA) is growing in popularity because it allows employees to pay for medical expenses tax-free.
Deductible 75
75 
Financial Aspects of “Unretirement”
Money Talk
AUGUST 10, 2022
67 for workers born in 1960 or later), Social Security deducts $1 from benefits for every $2 earned above the annual limit ($19,560 in 2022). Medicare - Older adults age 65+ who are on Medicare, begin working again, and receive primary creditable employer-provided health insurance coverage (i.e.,
What to do when your group health insurance premiums go up
PeopleKeep
SEPTEMBER 15, 2021
As renewal season comes around each year, employers everywhere brace themselves for what their new group health insurance premiums will look like in the new year—because chances are, they’ll be higher. When group health insurance premiums go up, it gets that much harder to meet the employer contribution requirements.
Considerations when choosing a health plan for the first time
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
52 
More Employers Cover Weight-Loss Drugs: Survey
InterWest Insurance Services
DECEMBER 10, 2024
increase in health insurance costs, even after implementing cost-reduction measures. The Mercer survey concluded that employers would have to balance two priorities: Focusing on health care affordability and ensuring that their staff can afford their copays, coinsurance and deductibles.
Employment 97
97 
How S-corp owners can deduct health insurance
PeopleKeep
NOVEMBER 15, 2021
However, an S-corporation’s health insurance can be a tricky matter. While S-corp employees can claim employee health insurance as a tax-free benefit, shareholders who own more than 2% of the company stock don’t get this same perk. For these individuals, tax-advantaged health insurance is more complicated.
10 Best Benefits Administration Software in 2023
HR Lineup
OCTOBER 18, 2023
This software is a comprehensive platform that allows HR professionals, benefits managers, and employees to efficiently manage, access, and make decisions regarding benefits such as health insurance, retirement plans, leave policies, and more. It offers automated benefits administration, including health insurance and retirement plans.
Software 246
246 
Mental health insurance coverage is a must for modern employers
Business Management Daily
OCTOBER 6, 2021
Open enrollment is right around the corner, so this is the perfect time to take a closer look at the health insurance coverage that you are offering to employees and make sure that it includes appropriate coverage for mental health. Are mental health services covered by health insurance? HMO vs PPO.
Here Are The 4 Important Insurance Terms Gen Z Employees Need To Know
Best Money Moves
OCTOBER 1, 2024
However, Gen Z employees are particularly susceptible to a lack of education on insurance terms and policies. In fact, when surveyed by the National Association of Insurance Commissioners (NAIC), only about a quarter of Gen Z adults could define the terms “deductible” (27%) and “copay” (29%).
Insurance 59
59 
What is a deductible?
PeopleKeep
FEBRUARY 14, 2024
Have you ever heard the term deductible when it comes to health insurance but aren’t quite sure what it means? Understanding the concept of a deductible is crucial for effectively managing your medical finances and making informed decisions.
Deductible 52
52 
What is a High-Deductible Health Plan (HDHP)?
Higginbotham
SEPTEMBER 16, 2024
Are you offering your employees health insurance options that work for their budgets? While not ideal for everyone, a high-deductible health plan can be very appealing to some workers, especially when it’s paired with a health savings account.
Deductible 52
52 
Group Health Insurance Considerations For Staff Working Past Retirement Age
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.
How to lower employee stress about health insurance
Insperity
MARCH 29, 2022
Health insurance is often the biggest-ticket item in any company’s benefits package, and the cost of health insurance rises on average each year , historically. Companies spend a lot of money, time and effort to make their benefits competitive and provide quality group health insurance plans to employees.
Alleviating Health Insurance Burden on Employees a Top Priority: Poll
InterWest Insurance Services
AUGUST 5, 2022
The biggest concern among employers is the increasing costs that employees have to shoulder for their health benefits. Employers are starting to realize that a high-deductible health plan with an attached health savings account is not a good fit for all of their employees. workers with more medical debt.
How to create benefits enrollment experience goals using the S.M.A.R.T. technique
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.
Let's personalize your content