Benefit Resource Inc.

APRIL 20, 2023

This is a great opportunity to review your expenses and ensure you’re taking advantage of all the ways you can save on healthcare expenses. Additionally, your employer may offer seminars or workshops on topics like eligible expenses, tax savings, and healthcare planning.

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Business Management Daily

APRIL 29, 2024

A good regular salary may have been enough years ago, back when government subsidies managed things like healthcare and retirement, but those programs have become less and less effective. However you may feel about the government’s responsibility to cover healthcare needs, it’s a fact that healthcare-related bankruptcies are on the rise.

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Best Money Moves

JULY 8, 2020

Employers who don’t offer health insurance might want to reconsider and employers who do should audit their healthcare offerings to determine the out of pocket costs of deductibles, prescriptions, copays and then work with benefits brokers to provide better coverage. . 4 Paid Time Off.

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Business Management Daily

NOVEMBER 15, 2021

They may also be questioning whether they have a need for an FSA and if so, how much they should choose to have deducted each month. Here is what you need to know to figure out if an expense is FSA eligible. While flexible spending accounts are typically associated with medical costs there are a couple of different types of FSAs.

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WEX Inc.

APRIL 25, 2024

High-deductible health plans (HDHPs) have become increasingly popular over the last few years by offering unique features and benefits that appeal to many individuals and families. An HDHP is a type of health plan characterized by its higher deductibles and typically lower premiums compared to traditional health plans.

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HR Professionals Magazine

JUNE 28, 2023

As the healthcare landscape has evolved to value-based care, employers, payers and pharmacy benefit managers (PBMs) have implemented new strategies to improve quality of care and affordability. That’s why, now more than ever, it is imperative that healthcare is focused on the patient journey. Economic Costs of Diabetes in the U.S.

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PeopleKeep

OCTOBER 29, 2021

Employers offering a high deductible health plan (HDHP) have several ways to offset the higher out-of-pocket costs and make the benefit more meaningful for employees. One way is to offer a health savings account (HSA) alongside the HDHP. So how do you know if your HDHP is HSA-qualified?

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Total Employee Benefits

OCTOBER 15, 2021

Shifting to a new medical insurer may make significant changes to which providers are considered in-network and may force employees to change medical providers or incur higher out-of-pocket costs to stay with their current doctor. If the credits may not be transferred, this becomes another soft cost to making a change.

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Benefit Resource Inc.

JUNE 6, 2019

And by “free” I mean you don’t have to pay even if you haven’t met your deductible or if you have a cost-sharing program that typically involves a co-pay or co-insurance. If you haven’t met your deductible, you will have to pay a portion of the cost-sharing based on your plan.

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PeopleKeep

NOVEMBER 12, 2021

If you’re looking to supplement your organization’s group health insurance plan to help cover your employees’ out-of-pocket costs, you have two main options: Section 105 plans , such as the group coverage HRAs (GCHRAs), and Section 125 cafeteria plans , such as health savings accounts (HSAs).

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Genesis HR Solutions

SEPTEMBER 22, 2020

Using untaxed dollars in an HSA to pay for deductibles, copayments, coinsurance, and some other expenses can lower overall health care costs. An HSA can be used only if employees have a qualified High Deductible Health Plan (HDHP). Making sure payroll deductions are correct. An HSA may earn interest, which is not taxable.

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Corporate Synergies

MARCH 25, 2019

A benefits advocate who delivers the how and why of plan use when employees are asking for assistance helps the employer control health insurance costs. Elevating employee healthcare literacy can ward off potential issues, but the process should begin at the point when plan participants need help: when they call a benefits advocate for help.

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Flimp Communications

OCTOBER 15, 2019

Open enrollment season for healthcare is here, and the time for benefits decision-support tools to shine is now. Basically, you don’t want people taking out a policy when they need it and then dropping it once the crisis has passed. I’m old enough that I remember when companies discussed healthcare in your welcome packet.

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Best Money Moves

OCTOBER 16, 2019

It’s unfortunate employees are rushing benefits decisions, especially when employers are taking a more active role in driving down healthcare costs. What can employers do to help employees better understand how different health insurance plans affect out-of-pocket costs for healthcare?

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Benefit Resource Inc.

JANUARY 3, 2022

Even with health insurance, labor and delivery can cost around $5,000, and without insurance, it can be upwards of $40,000. Fortunately, one great way to help with out-of-pocket costs is utilizing a Health Savings Account (HSA). Switch to a high-deductible health plan. Let’s Start from the Beginning.

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CorpStrat

FEBRUARY 22, 2023

One of the biggest financial challenges people in the US are facing is whether or not they’re able to afford healthcare. People are already struggling to pay for the insurance premiums but on top of that, they’re afraid deductibles, prescriptions, and co-insurance might push them into the red. Long-term care expenses.

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Benefit Resource Inc.

FEBRUARY 21, 2024

Healthy employees are not only happier and more productive but also contribute to lower healthcare costs for both themselves and their employers. HSAs enable employees to save pre-tax dollars for qualified medical expenses, including deductibles, copayments, and other out-of-pocket costs.

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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 doing so, you'll be helping them to become better consumers of healthcare and more satisfied enrollees in high deductible health plans.

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Benefit Resource Inc.

OCTOBER 17, 2023

Data privacy and healthcare costs are top-of-mind issues for consumers. HealthLock auditors can negotiate on a BRI customer’s behalf to either lower costs or obtain a reimbursement, as well as verify that the maximum amount based on plan benefits is being applied to a consumer’s out-of-pocket costs and/or deductible.

Medical 52

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Benefit Resource Inc.

OCTOBER 24, 2019

In other words, how to answer the question: “How do I make an informed healthcare decision that I won’t regret later?” Ask yourself “Do I need to worry about out-of-pocket expenses? But for those who don’t live in a daily world of healthcare jargon, what are out of pocket expenses?

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Benefit Resource Inc.

JANUARY 8, 2019

But, here are a few tips to help you navigate eligibility: Co-pays, deductible expenses and co-insurance are a good bet. If the expense is applied against your insurance deductible, you are likely in the clear (although documentation might be requested). (The FSA Store probably is the closest you will get.)

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Business Management Daily

FEBRUARY 10, 2022

We’ve written many times about the tax code’s prohibition on double-dipping — getting a double tax benefit on the same tax item, like taking a deduction and a tax credit for the same wages paid to the same employee. United Healthcare Services, Inc. There are other pitfalls you need to be aware of regarding these “free” tests.

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Benefit Resource Inc.

NOVEMBER 17, 2020

For more information see The Basics of a Consumer-Driven Health Plan and 4 Steps to be a Smart Healthcare Consumer. For HSAs: You can only enroll in an HSA if you are also enrolled in a qualified high deductible health plan. You can pay for your deductible with your funds. You can pay for your deductible with your funds.

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Benefit Resource Inc.

JULY 11, 2019

President Trump recently issued an Executive Order, Improving Price and Quality Transparency in American Health to Put Patients First, which focuses on price transparency by requiring out-of-pocket costs to be listed by hospitals and other providers. Otherwise, they risk not being compliant with the executive order.

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Healthcare Out of Pocket Cost Hospitality Deductions 40

WEX Inc.

OCTOBER 17, 2024

With political campaigns often influencing policy proposals from healthcare to retirement plans, this episode dives into what employers and professionals can expect and how they can prepare for potential changes. Keep reading and check out our podcast episode below to learn more. Current election cycle: What’s on the table?

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Employee Benefits Flexible Spending Account Health Savings Account Out of Pocket Cost 59

Asure Software

AUGUST 8, 2016

Democratic nominee Hillary Clinton has promised to “defend and expand” the ACA, making a “public option” available and delivering healthcare to more and more people across the US. Out-of-pocket costs to be regulated. https://www.donaldjtrump.com/positions/healthcare-reform.

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