InterWest Insurance Services

NOVEMBER 22, 2022

Commercial insurance companies are raising rates in most of their lines to account for increasing claims as well as the cost of claims, but another factor is forcing them to increase their rates further: reinsurance. When insurance companies underwrite policies, they will often not retain all of the risk. What’s happening.

Insurance Carriers 98

Insurance Carriers Insurance Deductions Deductible 98

InterWest Insurance Services

MARCH 3, 2023

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.

Insurance Carriers 98

Insurance Carriers Deductible Deductions Education 98

InterWest Insurance Services

JULY 30, 2022

This is your best estimate of what your insurance carrier paid in insurance claims last year, plus any deductibles and out-of-pocket expenses. InterWest offers a free, easy-to-use Financial Leakage Calculator. The only information needed is your Total Incurred Amount of Claims.

Insurance Carriers 98

Insurance Carriers Overtime Deductible Deductions 98

Insperity

JANUARY 24, 2023

Having virtual care options can also be help reduce employees’ stress about their own health-insurance costs. It’s possible that these benefits are already available through your company’s health insurance plan or employee assistance program (EAP) – if so, you should promote these benefits and their pros to your employees!

Insurance Carriers 119

Insurance Carriers Health Insurance Medical Electronics 119

Benefit Resource Inc.

APRIL 10, 2023

Confirm enrollment in a health plan To receive automatic approval for co-pays, certain co-insurance, and deductible expenses, make sure your employer has reported you as enrolled in the company health plan. An Explanation of Benefits (EOB) from your insurance carrier or healthcare provider gets it resolved in no time.

Insurance Carriers 98

Insurance Carriers Hospitality Retail Deductions 98

Higginbotham

JUNE 28, 2024

Homeowners’ insurance can help protect your house from perils like theft or fire, but what about flood water that enters your home? Do I need flood insurance? Flood insurance isn’t a niche product for the select few; it’s a valuable safeguard for homeowners, renters and business owners across the country.

Insurance 52

Insurance Insurance Carriers Out of Pocket Cost Deductions 52

Higginbotham

AUGUST 20, 2024

Construction equipment insurance provides important coverage when events like these occur. Also called contractors equipment insurance, construction equipment insurance can provide coverage if a covered piece of equipment is lost, damaged or destroyed in a covered peril. Is your insurance coverage sufficient?

Construction 52

Construction Insurance Insurance Carriers Deductions 52

PeopleStrategy

OCTOBER 17, 2023

HR departments are charged not only with finding employees comprehensive and affordable benefits including health insurance coverage, but also watching their part of the overall company bottom line. This amount is calculated based on the employees’ expected healthcare costs, administrative fees, and a stop-loss insurance component.

Insurance Carriers 52

Insurance Carriers Healthcare Health Insurance Deductible 52

Higginbotham

SEPTEMBER 16, 2022

million RV owners, make sure you have the right RV insurance. Different types of RVs require different types of insurance. Motorhome Insurance Coverage Requirement. Car insurance is required under state law, and these car insurance requirements apply to motorhomes. RV Insurance Coverages for Trailers.

Insurance 52

Insurance Insurance Carriers Finance Electronics 52

The Workcomp Writer

MAY 17, 2022

Stevenson countered that the trial court should limit Texas Mutual’s recovery to $27,519, before deductions for attorney’s fees and expenses to Stephenson’s counsel. Insurance Co. Texas Mutual filed a petition in intervention to recover its subrogation lien. Subrogation Hearing. 3d 650, 651 (Tex. 2019) (citing Tex.

Workers’ Compensation 85

Workers’ Compensation Insurance Carriers Medical Deductions 85

Genesis HR Solutions

SEPTEMBER 21, 2021

As one of the most expensive aspects of running a small business, health insurance is top of mind for many employers. What is the best way to provide insurance? Should you provide insurance at all? Why Health Insurance For Small Businesses Matters. Health Insurance For Small Business Owners: 4 Options.

Health Insurance 52

Health Insurance Insurance 401(k) Insurance Carriers 52

Higginbotham

JULY 25, 2023

When you run a business, one essential requirement for being fully prepared is the financial protection provided by commercial property insurance. Without commercial property insurance, the assets of the business – a building, furnishings, equipment and inventory – could be lost to a totally unexpected event. What risks are covered?

Insurance 52

Insurance Insurance Carriers Construction Deductible 52

The Workcomp Writer

FEBRUARY 1, 2022

The third-party tortfeasor responsible for the car accident that caused Claimant’s work injury held two insurance policies with a combined liability limit of $150,000. After deducting Claimant’s litigation expenses from his $150,000 third-party recovery, the WCJ found that the employer had a net subrogation lien in the amount of $99,136.08.

Workers’ Compensation 56

Workers’ Compensation Insurance Carriers Deductions Deductible 56

BerniePortal

JUNE 10, 2019

Whether it’s how insurance carriers get the eligibility information they need or how the payroll company gets the new hire, deduction or demographic information it needs, HR administrators interested in adopting software likely have questions about what to expect when it comes to integrations.

Insurance Carriers 40

Insurance Carriers Deductible Deductions Human Resources 40

Benefit Resource Inc.

AUGUST 8, 2019

In this scenario, you may want to spend the extra time to research alternative coverage options through an exchange or directly through an insurance carrier. If you have already met your deductible or maximum out-of-pocket limits, it may be advantageous to enroll in COBRA. What access to doctors exist with alternative plans?

Insurance Carriers 51

Insurance Carriers Flexible Spending Account Medical Flexible Spending 51

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. Rather than reaching out to an insurance carrier first, whose issue resolution success is measured based on the call time, employees contact their benefits advocate. As Seen In.

Healthcare 40

Healthcare Out of Pocket Cost Insurance Carriers Health Insurance 40

Fringe Benefit Analysts

MAY 8, 2022

These independent contractors advise employers and other sponsors of insurance plans, so they can research and choose the best plans for both the company and its employees. These tools simplify matters and reduce the amount of paperwork necessary to move forward with an insurance vendor.

Consulting 52

Consulting Employee Benefits Benefits Package Health Insurance 52

Fringe Benefit Analysts

JANUARY 26, 2023

Some insurance carriers are now also offering identity protection services to their customers at no additional cost. Plus, the best services offer identity theft insurance, adding another layer of protection against monetary loss. Are Identity Theft Protection Services Tax Deductible?

Insurance Carriers 52

Insurance Carriers Taxes Insurance Commissions 52

Insperity

JULY 22, 2014

Buying health insurance can be a costly endeavor. Most Americans must have health insurance or face a tax penalty. Purchase coverage through a state or federal health insurance marketplace. So we’ve got premiums under control, but what about deductibles, copayments and other out-of-pocket costs? Copayments. Coinsurance.

Health Insurance 40

Health Insurance Out of Pocket Cost Insurance Carriers Taxes 40

Genesis HR Solutions

AUGUST 9, 2018

Insurance types: Medical, dental, vision, disability, and life insurance plans. The most expensive benefit to offer is health insurance. For an individual, this could cost $7,000 to $10,000 per year for total health insurance, which employers and employees often split depending on the employer’s contribution strategy.

Employee Benefits 40

Employee Benefits 401(k) Health Insurance Insurance Carriers 40

Corporate Synergies

AUGUST 27, 2018

There are typically three ways employers work with PBMs: A PBM bundled with the insurance carrier. A “third party carve-out,” in other words, a PBM that is separate from the insurance carrier. PBM Bundled with Carrier. A third party carve-out through a consortium arrangement.

Insurance Carriers 40

Insurance Carriers Health and Welfare Medical Utilities 40

Corporate Synergies

JULY 22, 2019

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. The cost to the employer (and often the employee) is often far less than the ER. The high cost of ER care is enough to make anyone run a high temp.

Employee Benefits 40

Employee Benefits Insurance Carriers Healthcare Health Savings Account 40

Benefits Notes

MARCH 31, 2021

The ARPA also allows the employer, insurer, or multiemployer plan sponsor who subsided the premiums to offset the cost by claiming a new federal tax credit. This includes self-funded and fully-insured plans, multi-employer plans, and governmental employer plans. Below is a summary of the ARPA’s COBRA subsidy provisions. Tax Credit.

Family and Medical Leave Act 40

Family and Medical Leave Act Employee Benefits Taxes Pension 40

InterWest Insurance Services

MAY 9, 2022

Under an executive order issued by President Biden, employees in a group health plan are eligible to receive COVID-19 at-home test kits with no cost-sharing, copay, coinsurance or deductible. With that in mind, you may want to disseminate information to them about how they can be reimbursed by their insurer for COVID-19 tests they purchase.

Out of Pocket Cost 98

Out of Pocket Cost Health Insurance Insurance Carriers Hospitality 98

Fringe Benefit Analysts

JANUARY 25, 2021

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. Many new features that this Act requires will start showing up on health insurance plans starting in January 2022. .

Family and Medical Leave Act 40

Family and Medical Leave Act Paid Leave Health Insurance Insurance Carriers 40

GRA Benefits Group

NOVEMBER 24, 2020

Though deductibles and out-of-pocket limits are more defined, what is covered, and how much is often impossible to predict. Advocates have arrived in the form of third-party vendors, apps, and even insurance carriers. Health insurance carriers are actively placing a stronger emphasis on cost transparency as a result.

Insurance Carriers 52

Insurance Carriers Healthcare Hospitality Insurance 52