Remove Employee Benefits Remove Out of Pocket Cost Remove Voluntary Benefits
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Managing Employee Healthcare Costs in 2021

Best Money Moves

Managing Employee Healthcare Costs in 2021. Employers are focused on improving employee healthcare by adding virtual or telehealth offerings and including voluntary benefits in 2020, according to research by Mercer. The good news is that both of these initiatives can help reduce healthcare costs.

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Smallest Firms See Largest Health Insurance Hikes

InterWest Insurance Services

Some employers have gravitated towards HDHPs to reduce their and their employees’ overall premium spend, but these plans come at a cost: more out-of-pocket costs for workers. Coverage can often be configured to be compatible with HDHPs using health savings accounts.

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Identify Your Workers’ Needs, Consider Costs before Open Enrollment

InterWest Insurance Services

With answers and feedback in hand you can create a benefits package that is more appealing to them, which in turn gives you a competitive edge when attracting and retaining workers. Engage employees and solicit feedback through quarterly employee-benefits round table meetings.

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How to offer health insurance as a small business

Higginbotham

Employees don’t work for free. They want to be fairly compensated for their work, and that usually involves both wages and employee benefits. Although some small business owners may feel overwhelmed by the prospect of offering health insurance and other benefits, the many advantages can make the effort worthwhile.

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

Corporate Synergies

Employees are increasingly responsible for making important decisions about their healthcare and carrying the financial burden. Patient financial responsibility is on the rise—average out-of-pocket costs rose 11% in 2017 alone. It’s simple, practical benefits guidance. Follow this 4-step Voluntary Benefits Checkup.