Remove Education Remove Health Savings Account Remove Insurance Carriers
article thumbnail

Your 2025 benefits compliance checklist: What you need to know

WEX Inc.

Dependent eligibility audits are essential for maintaining adherence to insurance carrier requirements and minimizing potential litigation. The information in this blog post is for educational purposes only. With this checklist, youll be better prepared to tackle the challenges of 2025. It is not legal or tax advice.

article thumbnail

Baby Health Insurance Playbook: 5 Steps to Plan for a Newborn

Corporate Synergies

Employee education & communications is key. Before the pregnancy—help them understand insurance options. A flexible spending account (FSA), which can be used to cover childcare and medical costs tax-free. A health savings account (HSA), which can also be used to cover medical expenses tax-free.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

4 Necessary Steps to a Successful Long-term Benefits Strategy

Corporate Synergies

I have seen many organizations implement new tactics, such as a health savings account (HSA). Self funding also provides more plan design flexibility and eliminates the internal costs that an insurance carrier builds into a plan for profit. Identify the levers and how far you want to pull them.

article thumbnail

4 Health Insurance Options For Small Business Owners

Genesis HR Solutions

Essentially, you have three options for purchasing health insurance coverage in the small group market: through a licensed broker, a health insurance carrier, or the open market (called different things in different states).

article thumbnail

Creating the “Urgent Care First” Mindset for Employee Benefits

Corporate Synergies

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. They need to design the plan to encourage use and follow up with plenty of education. By contrast, urgent care typically costs about $150 per visit.

article thumbnail

Why you should offer Blue Cross Blue Shield Massachusetts health care to your employees

Genesis HR Solutions

options—including access to Blue Cross Blue Shield of Massachusetts health coverage—at a better price point. When seeking health insurance on your own , you’ll have to purchase health insurance through a broker, a health insurance carrier, or the open market (called different things in different states).