Remove Deductible Remove Education Remove Insurance Carriers
article thumbnail

Most Employees Spend Little Time Choosing Their Health Plan

InterWest Insurance Services

A new study has found that individuals enrolled in high-deductible health plans (HDHPs) are more engaged than their traditional plan counterparts during open enrollment, spending more time on choosing plans and using employer-provided tools to help them make their choices. workers were enrolled in them.

article thumbnail

How to lower employee stress about health insurance

Insperity

Companies spend a lot of money, time and effort to make their benefits competitive and provide quality group health insurance plans to employees. But perhaps not enough time is spent educating employees about their available options and helping them navigate what those options mean for them and their families.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Are Level Funded Health Plans Your New Benefits Alternative?

PeopleStrategy

They are a hybrid approach to providing healthcare coverage that combines elements of traditional fully-insured plans with those of self-funded plans. With a level funded plan, your business pays a fixed monthly amount (a level fee, similar to a premium) to an insurance carrier or third-party administrator.

article thumbnail

Benefits Advocate: The Secret to Healthcare Literacy and Cost Control

Corporate Synergies

Employers can make plan design changes and educate employees throughout the year, but the best way to reduce healthcare costs is to reduce healthcare costs at the source —that is, to help employees use healthcare as efficiently as possible. The time to elevate insurance literacy is when employees call a benefits advocate for help.

article thumbnail

4 Health Insurance Options For Small Business Owners

Genesis HR Solutions

Essentially, you have three options for purchasing health insurance coverage in the small group market: through a licensed broker, a health insurance carrier, or the open market (called different things in different states). PEO Group Insurance* (Genesis Pick). You can learn more here.

article thumbnail

Creating the “Urgent Care First” Mindset for Employee Benefits

Corporate Synergies

From 2009 to 2016 (the most recent data available), the average amount that hospitals billed insurance carriers for an emergency room visit more than doubled, from $600 to $1,322. They need to design the plan to encourage use and follow up with plenty of education. By contrast, urgent care typically costs about $150 per visit.

article thumbnail

2nd COVID-19 Relief Bill Includes Many Other Changes 2021 & 2022!

Fringe Benefit Analysts

Education finances. The Act will also oversee an audit process, resolution process, help determine rates , require a price comparison tool, and increase transparency for deductibles and out of pocket limitations on your plan. We are independent and sell a variety of insurance plans with many insurance carriers.