Are employees getting fed up with high-deductible health plans?
Employee Benefit News
APRIL 11, 2024
According to a report by LendingTree's ValuePenguin, high-deductible health plan enrollment dropped for the first time since 2013.
Deductible Deductions Healthcare 
$0 copays and deductibles? Curative is helping companies make their healthcare plans accessible
Employee Benefit News
SEPTEMBER 12, 2024
Curative, a healthcare services firm, is working to slash costs and encourage workers to seek treatment earlier.
Healthcare 
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10 worst and best states for healthcare access
Employee Benefit News
OCTOBER 23, 2024
From the lowest number of hospital beds to the highest average deductibles, see which states have the worst healthcare.
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Higher deductibles, premiums and co-pays: Aflac previews healthcare in 2024
Employee Benefit News
NOVEMBER 1, 2023
Jeri Hawthorne, CHRO at Aflac, breaks down the gap between employer-provided benefits and employees' needs.
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The Employee Healthcare Crisis: This is How To Help
Best Money Moves
SEPTEMBER 25, 2024
Employees Face a Healthcare Crisis. Employees are experiencing a healthcare crisis due to financial concerns. American families are in the midst of a healthcare crisis and employer-sponsored health insurance can’t keep up. Over time, postponing healthcare concerns can further decrease employees’ health and well-being.
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Are deductibles and coinsurance keeping employees from accessing healthcare?
Employee Benefit News
APRIL 17, 2023
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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.
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4 considerations when choosing employee benefits for the first time
WEX Inc.
OCTOBER 2, 2024
Understanding HSAs The number of health savings accounts (HSAs) has doubled nationwide in the last seven years , as more Americans turn to these accounts as a way to save on healthcare costs and prepare for retirement. To take advantage of an HSA, you need to participate in an HSA-eligible health plan (or high-deductible health plan).
HSA vs. FSA: See how you’ll save with each
WEX Inc.
NOVEMBER 14, 2024
You must be enrolled in a high-deductible health plan (HDHP) to be eligible, which lowers you insurance premiums. Health savings accounts have a triple-tax advantage, meaning distributions for qualified medical expenses and investment returns are tax-free, and contributions are tax-deductible. It is not legal or tax advice.
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3 Email Templates for Health Insurance Explainers
Flimp Communications
SEPTEMBER 25, 2024
25% can’t define terms such as “deductible” or “copay.” By helping your company’s employees bridge the health insurance information gap, you can help them live healthier, happier lives while lowering healthcare costs and boosting several crucial metrics for your organization, including engagement, productivity, and morale.
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.
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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.
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Role of Payroll Software in Eliminating Compliance Risks
Qandle
JANUARY 29, 2025
Benefits Compliance: Organizations must also stay compliant with benefits regulations, such as healthcare benefits under the Affordable Care Act (ACA) and retirement plans under ERISA. Payroll software simplifies this process by automatically applying the correct deductions based on employee benefits selections.
Managing Employee Healthcare Costs in 2021
Best Money Moves
NOVEMBER 4, 2020
Managing employee healthcare costs in 2021. The ever increasing cost of healthcare combined with uncertainty about coverage, deductibles and copays keep some employees from getting the medical care they need. Indeed, many plan to add new resources to better support healthcare needs in light of COVID-19.
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Considerations when choosing a health plan for the first time
WEX Inc.
SEPTEMBER 4, 2024
Assess your annual expenses Understanding your annual healthcare expenses is a fundamental step in selecting the right health plan. If you rarely require medical care and prefer to save on monthly premiums, a plan with a higher deductible and lower premiums might be suitable.
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Why HR Teams Switch to Flimp Decisions for Decision Support
Flimp Communications
SEPTEMBER 26, 2024
The cost of healthcare and employer-sponsored health plans are on the rise in 2024. Related: Get Flimp’s free guide to reduce healthcare spending with decision support Get it here → All of this leaves HR teams in a seemingly impossible position. It’s not easy being an HR professional these days.
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From deductibles to wellness: Why benefits options matter
WEX Inc.
JULY 20, 2023
Deductible options The words “health”, “coverage”, “insurance”, and “deductible” were among the most frequent words to appear when participants were asked in our survey what was missing from their benefits. Specific responses included: “A lower deductible or copay options would be an improvement.” Deductibles are too high.
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Nine reasons for rising healthcare costs
PeopleKeep
OCTOBER 13, 2023
The average American spends a considerable amount of money on healthcare each year. Premium increases, higher deductibles and copays, and soaring prescription drug prices result in spikes in total healthcare costs.
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6 Key HSA Benefits to Communicate to Employees
Flimp Communications
OCTOBER 30, 2024
Their tax advantages and investment potential can help employees reduce healthcare costs, save for retirement, and maximize tax refunds. About half of American employers offer HSAs — coupled with high-deductible health plans (HDHPs) — but, according to one study , 69% of employees don’t understand their benefits or uses.
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HDHP vs. PPO: Choose the health plan that’s right for you
WEX Inc.
NOVEMBER 27, 2024
Nearly two-thirds of large employers provide their employees with the choice of a high-deductible health plan (HDHP) and a traditional health plan, such as a preferred provider organization (PPO), during open enrollment. The IRS sets deductible limits that determine what is an HDHP. But there are high-deductible PPOs, as well.
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Eight reasons for rising healthcare costs
PeopleKeep
JULY 8, 2022
The average American spends a considerable amount of money on healthcare each year. Premium increases, higher deductibles and copays, and soaring prescription drug prices result in spikes in healthcare costs. According to the Centers for Medicare & Medicaid Services 1 , in 2021, healthcare costs skyrocketed to $4.3
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Financial Wellness: How to Stretch Your Healthcare Dollars
Flimp Communications
JUNE 24, 2020
But tips for saving money around healthcare can contribute to improved financial health. When you pay out of pocket for medical care, the IRS lets you deduct it. But even if you don’t, health savings accounts (HSAs) allow you to save money, tax free, to be spent on healthcare. Once you do, the insurer picks up the rest.
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Fully Insured vs Self-Insured vs Level-Funded: What Does It All Mean To The Small Employer?
Fringe Benefit Analysts
OCTOBER 17, 2024
Insurance carriers can still charge more by age, but a sick 61-year-old and a healthy 61-year-old would pay the same amount for coverage with the same deductibles and out-of-pocket maximums.
More Employers Cover Weight-Loss Drugs: Survey
InterWest Insurance Services
DECEMBER 10, 2024
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. increase in health insurance costs, even after implementing cost-reduction measures.
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NEW LP - Employee benefits and rewards. Make an impact. See a return. - Cloned
Sodexo Engage
OCTOBER 22, 2024
Online GP - 24/7 healthcare at your employees’ fingertips anytime, anywhere! Refurbished Tech and lifestyle-improving Salary Deduct Schemes. Refurbished Tech Scheme - Save up to 60% on refurbished devices - paid upfront or through salary deductions. Online GP - 24/7 healthcare at your employees’ fingertips anytime, anywhere.
Here Are The 4 Important Insurance Terms Gen Z Employees Need To Know
Best Money Moves
OCTOBER 1, 2024
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%). However, Gen Z employees are particularly susceptible to a lack of education on insurance terms and policies.
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Pluxee Employee Benefits Platform
Sodexo Engage
JANUARY 3, 2025
Online GP - 24/7 healthcare at your employees fingertips anytime, anywhere! Refurbished Tech and lifestyle-improving Salary Deduct Schemes. Refurbished Tech Scheme - Save up to 60% on refurbished devices - paid upfront or through salary deductions. Online GP - 24/7 healthcare at your employees fingertips anytime, anywhere.
Employee benefits LP - Cloned
Sodexo Engage
JANUARY 3, 2025
Online GP - 24/7 healthcare at your employees fingertips anytime, anywhere! Refurbished Tech and lifestyle-improving Salary Deduct Schemes. Refurbished Tech Scheme - Save up to 60% on refurbished devices - paid upfront or through salary deductions. Online GP - 24/7 healthcare at your employees fingertips anytime, anywhere.
What is a High-Deductible Health Plan (HDHP)?
Higginbotham
SEPTEMBER 16, 2024
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. Offering a high-deductible health plan as part of an employee benefits package, therefore, may be a strategic option for your organization.
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5 Emerging Benefits Trends to Look for in 2025
Best Money Moves
DECEMBER 9, 2024
Companies are helping employees make their healthcare costs more manageable through effective healthcare benefits. According to Mercers Survey on Health and Benefits Strategies for 2025, about two-thirds of large employers said that improving healthcare affordability is a priority for the next year.
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4 HDHP trends you don't want to miss
WEX Inc.
MAY 8, 2023
More employees are enrolling in a high-deductible health plan (HDHP) each year, including more than half of U.S. HDHP vs. PPO deductible Nearly two-thirds of large employers provide their employees with the choice of an HDHP and a traditional health plan , such as a preferred provider organization (PPO).
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What is a no-deductible health plan?
PeopleKeep
OCTOBER 2, 2023
One option that appeals to many employers is the no-deductible health plan. These plans are attractive because they cover healthcare costs immediately, eliminating high out-of-pocket expenses for employees. But, no-deducible health plans have high premiums, which may make them difficult for some employers to afford.
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What is Human Resource Outsourcing?
HR Lineup
JULY 6, 2023
Payroll Outsourcing: Payroll is a critical HR function that involves the calculation of employee salaries, tax deductions, and compliance with local labor laws. This type of outsourcing is particularly beneficial for organizations that require large-scale hiring or lack internal recruitment capabilities.
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Learn the dos and don’ts of open enrollment
WEX Inc.
SEPTEMBER 18, 2024
It’s your best chance to evaluate your healthcare needs and identify opportunities to better support yourself and your family. Increasingly, employers are offering their employees both HSA-eligible health plans (or high-deductible health plans ) and traditional health plans. Open enrollment is around the corner for many of you.
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What's the Difference: Copays, Deductibles, Coinsurance
BerniePortal
OCTOBER 31, 2023
Copays, deductibles, and coinsurance are all out-of-pocket expenses that represent the portion that an individual is required to pay either before or after health insurance covers additional costs. Understanding how each works and what is required can help you choose the right plan for you and your family and plan better financially.
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7 considerations when choosing a health plan for the first time
WEX Inc.
AUGUST 15, 2023
Assess your annual expenses Understanding your annual healthcare expenses is a fundamental step in selecting the right health plan. If you rarely require medical care and prefer to save on monthly premiums, a plan with a higher deductible and lower premiums might be suitable.
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HSA vs. 401k vs. IRA: How do these retirement accounts stack up
WEX Inc.
JUNE 13, 2024
The average 65-year-old couple retiring today will need $351,000 to cover healthcare and medical costs in retirement. And even though Medicare helps pay for the healthcare needs of 63 million people, most recipients still spend thousands each year on out-of-pocket expenses. Will you retire in Florida, or at a cabin in the woods?
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What to do if you if your group health plan doesn't qualify for an HSA
PeopleKeep
FEBRUARY 9, 2022
A health savings account (HSA) is an employee-owned account designed to set aside pre-tax money to pay for qualified medical expenses such as deductibles, copayments, coinsurance, and other out-of-pocket expenses included in IRS publication 502.
The impact of Dobbs on employer provided healthcare
Business Management Daily
JUNE 29, 2022
However, HSAs must be paired with high-deductible health plans. The high deductibles continue to apply. The post The impact of Dobbs on employer provided healthcare appeared first on Business Management Daily. Your plan must be amended to allow for the roll-over option.
How much should I contribute to my HSA?
WEX Inc.
MARCH 16, 2023
If you’re covered by an HSA-eligible health plan (or high-deductible health plan ), the IRS allows you to put as much as $3,650 per year (in 2022) into your health savings account (HSA). A health savings account gives you greater control of your healthcare expenses and potential savings. What is an HSA?
Understanding the Pre-Deductible Telehealth Coverage Extension
Benefit Resource Inc.
JANUARY 4, 2023
The 2023 spending bill signed into law on December 29th includes extending pre-deductible telehealth services coverage. This is excellent news for employers and HR professionals who want to provide employees with access to affordable healthcare services. WHAT IS PRE-DEDUCTIBLE TELEHEALTH COVERAGE?
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Top 10 Employee Perks Programs for 2024
HR Lineup
MAY 28, 2024
These programs go beyond the traditional healthcare and retirement plans, incorporating elements that cater to employees’ holistic well-being. Emergency Savings Programs: Facilitating automatic payroll deductions to build an emergency savings fund. What are Employee Perks?
Does Medical Debt Affect Your Credit Score? Essential Information
PeopleKeep
JULY 24, 2024
Even if your health plan has a low deductible and few copayments , your insurance provider will likely only pay a portion of your healthcare costs, leaving you to cover the rest. credit reporting system due to high healthcare costs , billing errors, lack of insurance, and other reasons 2.
Tax exclusions vs. tax deductions vs. tax credits in healthcare
PeopleKeep
DECEMBER 21, 2020
Savvy employers and consumers can take advantage of several types of tax reductions when it comes to healthcare costs.
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