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HDHP vs. PPO: Choose the health plan that’s right for you

WEX Inc.

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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Gen Z Workers Go for HDHPs, but Don’t Forget Your Other Employees

InterWest Insurance Services

workers choosing high-deductible health plans has leveled off during the last two years, uptake has been growing rapidly among one segment of the working population: Gen Z employees. HDHPs feature higher deductibles and more out-of-pocket expenses in exchange for lower premiums upfront. While the number of U.S.

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Little-Known Things to Consider When Shopping for Group Health Insurance

Insperity

First and second time group health insurance buyers usually miss the opportunity to buy a health savings account (HSA)-qualified high-deductible health plan (HDHP). Health Savings Accounts. HSAs are individually-owned, tax-advantaged accounts that can be used to pay for current or future health care expenses.

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Utilizing Pre-Tax Benefits to Prioritize Health in 2023

Benefit Resource Inc.

With a Flexible Spending Account (FSA), you can set aside up to $3,050 in pre-tax dollars per calendar year to pay for eligible medical expenses like doctor visits, hospitalizations, and prescription medications. Take Advantage of a Medical FSA.

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5 ways you can help employees get the most from their benefits

Insperity

You might also think about providing blood pressure screening (a local hospital may be able to provide this at little to no cost) or a raffle for fitness equipment or dinner at a nice restaurant. For instance, what costs are the employees responsible for (partial premiums, deductibles, etc.)? How does a flexible spending account work?

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Finding the sweet spot for your FSA election

Benefit Resource Inc.

If you have a Flexible Spending Account (FSA), you know that every year during Open Enrollment (OE), you choose how much to put aside in the account, otherwise known as your election. Annual deductible. Option 2 — Use your deductible and past experience as a benchmark. Do you meet your deductible every year?

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Little-Known Things to Consider When Shopping for Group Health Insurance

Insperity

First and second time group health insurance buyers usually miss the opportunity to buy a health savings account (HSA)-qualified high-deductible health plan (HDHP). Health Savings Accounts. HSAs are individually-owned, tax-advantaged accounts that can be used to pay for current or future health care expenses.