InterWest Insurance Services

MARCH 7, 2024

If you have staff with health savings accounts, they still have until April 15 to make additional contributions to their accounts if they want to reduce their tax bills for last year. Funds in HSAs can be used to pay for a myriad of out-of-pocket medical-related expenses, pharmaceuticals and medical devices.

401(k) 98

401(k) Health Savings Account Pharmaceutical Deductions 98

InterWest Insurance Services

JUNE 22, 2022

Many employees choose pricey plans with low deductibles, which force them to spend more up front on premiums to save just a few hundred dollars on their deductible. As result, many employees are spending hundreds, if not thousands of dollars more on their health care/health coverage than they need to. Strategies.

Deductions 98

Deductions Deductible Pharmaceutical Health Savings Account 98

InterWest Insurance Services

DECEMBER 7, 2023

Earlier in 2023, the IRS also announced the maximum contribution limits to health savings accounts, which are similar to FSAs, but they must be attached to a high-deductible health plan. Employees are not taxed on withdrawals from their account.

Flexible Spending Account 98

Flexible Spending Account Flexible Spending Pharmaceutical Health Savings Account 98

InterWest Insurance Services

SEPTEMBER 9, 2024

Here’s what the report found: Offering more plans To combat rising costs, many employers (80%) offer more than one health plan. A growing share of employers offer high-deductible health plans (HDHPs) and health savings accounts (HSAs) to employees. Prior authorization before approving their use.

Family and Medical Leave Act 93

Family and Medical Leave Act Pharmaceutical Employment Health Savings Account 93

Griffin Benefits

JULY 30, 2021

With over half of today's workforce enrolled in high-deductible health plans (51%), a majority of insured individuals are now on the hook for deductibles of at least $1,400. In a future post, we'll offer tips on how to save money on common medical procedures. Pharmaceutical Company & State Drug Assistance Programs.

Medical 52

Medical Pharmaceutical Employment Deductions 52

Business Management Daily

SEPTEMBER 15, 2021

Medical plans with no or low-cost deductibles. Outstanding pharmaceutical and/or hospitalization coverage. The employee saves money because this set-aside money is not taxed. Health Savings Accounts. Efforts might include: Greater choices from which to pick, such as both HMOs and PPOs.

Benefits Package 52

Benefits Package Family and Medical Leave Act Health Insurance PTO 52