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. HSAs are tax-advantaged accounts that allow enrollees to save up to pay qualified medical expenses.

Deductions 86

Deductions Deductible Out of Pocket Cost Health Savings Account 86

InterWest Insurance Services

OCTOBER 17, 2024

The main driver in workers prioritizing benefits is the rapidly rising cost of group health insurance premiums and out-of-pocket costs, according to the study by Voya Financial. 51% said that high health care costs were having a major or significant impact on their ability to save for retirement.

Out of Pocket Cost 83

Out of Pocket Cost Voluntary Benefits Health Insurance Health Savings Account 83

InterWest Insurance Services

JULY 4, 2024

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.

Voluntary Benefits 78

Voluntary Benefits Flexible Spending Account Deductions Deductible 78

Corporate Synergies

DECEMBER 10, 2018

Which voluntary benefit options are right for your employees? This 4-step voluntary benefits checkup will help you decide. As the cost of medical plans rises, employers are offering high-deductible health plans (HDHPs) and health savings accounts (HSAs) as part of their employee benefit plans.

Voluntary Benefits 45

Voluntary Benefits Hospitality Health Savings Account Deductions 45

InterWest Insurance Services

JANUARY 18, 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. HSAs are tax-advantaged accounts that allow enrollees to save up to pay qualified medical expenses.

Out of Pocket Cost 58

Out of Pocket Cost Deductions Deductible Voluntary Benefits 58

InterWest Insurance Services

APRIL 27, 2023

The HDHP effect The report found that health maintenance organizations and preferred provider organizations continue to dominate the landscape in group health benefits for SMBs. Gap plans can help by providing coverage when employees have not met their health care deductible.

Health Insurance 82

Health Insurance Insurance Out of Pocket Cost Deductions 82

PeopleStrategy

JULY 8, 2019

Health benefits payment terms. Deductible : the amount an employee must pay out-of-pocket each year before their insurance kicks in; this does not apply to preventative care, like annual physicals. Co-insurance: the amount an employee must pay after meeting their deductible; under most plans, this is around 20% of full price.

Health Savings Account 82

Health Savings Account Deductions Deductible Healthcare 82