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. Providers in an insurer’s network may charge vastly different rates for the same procedure.

Deductions 98

Deductions Deductible Out of Pocket Cost Health Savings Account 98

InterWest Insurance Services

AUGUST 18, 2022

.” Employees cannot change their minds and make changes to pre-tax cafeteria elections during the plan year, once benefits become effective — unless a special enrollment period as defined under IRC Section 125 applies , or the employer is correcting an administrative error. This is not correct.

Insurance Carriers 96

Insurance Carriers Taxes Employee Enrollments Health Insurance 96

InterWest Insurance Services

MARCH 28, 2024

Pharmacy spending, high-cost claimants and newly developed anti-obesity drugs are expected to shape health benefits and affect the cost of care and health insurance for employers, according to a new report.

Employment 98

Employment Pharmaceutical Health Insurance Medical 98

Higginbotham

AUGUST 13, 2024

workers postpone health care needs because they’re worried about cost, even if they have health insurance. Medical care can be expensive, and group health insurance isn’t always enough. What is hospital indemnity insurance? The policy pays a benefit if the insured is hospitalized.

Hospitality 52

Hospitality Insurance Voluntary Benefits Benefits Package 52

Fringe Benefit Analysts

AUGUST 15, 2022

A good portion of Americans have health care coverage through a group insurance policy. However, most people are fairly unsure of what group insurance coverage actually is and how it works. Without insurance coverage, it can be difficult to pay for medical expenses, whether or not they are expected.

Insurance 52

Insurance Health Insurance IT Deductible 52

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. Providers in an insurer’s network may charge vastly different rates for the same procedure.

Out of Pocket Cost 83

Out of Pocket Cost Deductible Deductions Voluntary Benefits 83

InterWest Insurance Services

JANUARY 20, 2022

One of the health insurance trends that went largely unnoticed in 2021 was that employers halted cost-shifting to their employees by reducing or holding steady workers’ deductibles and other cost-sharing. Among small employers, the median individual deductible in HDHPs stayed steady at $2,800.

Employment 98

Employment Deductible Deductions Employee Enrollments 98

BerniePortal

JUNE 23, 2021

Changing life events in the middle of the year usually means changes to your health insurance plan. If an employee enrolls in a high-deductible health plan (HDHP) mid-year, how does that affect the amount they can contribute to their health savings account (HSA)?

Health Savings Account 64

Health Savings Account Employee Enrollments Health Insurance Deductible 64

HR Digest

DECEMBER 17, 2019

Health Insurance: The workers will be entitled to enroll with the comprehensive health plan which will help them overcome the future financial assistance that may arise due to an unknown event or accident that harms their health or body. The benefits will be equitably offered to all the employees.

Paid Vacation 64

Paid Vacation Overtime Health Insurance Insurance 64

Flimp Communications

NOVEMBER 7, 2019

And each employee has a decision to make: to go along with or resist the change. If the company changes how they sign up for health insurance, employees must learn the new system or go without insurance. For digital transformations, individuals don’t have much choice in the matter. A Plan with Too Many Details.

Management 71

Management Employee Enrollments Health Insurance Construction 71

Flimp Communications

JULY 24, 2020

Benefits decision support has come a long way since employees had to fill out endless forms while reading nearly inscrutable jargon explaining what their benefit options were. Health insurance is still difficult for employees to understand and use efficiently.

Benefits Package 75

Benefits Package Retirement Plan Healthcare Employee Enrollments 75

Business Management Daily

NOVEMBER 15, 2021

Copays, co-insurance, and deductibles for medical care. Health insurance premiums including COBRA premiums. Diet foods health club memberships unless prescribed by a medical professional to treat a specific medical condition. Any expenses already covered or reimbursed by insurance. Healthcare FSAs.

Flexible Spending Account 98

Flexible Spending Account Flexible Spending Medical Healthcare 98

InterWest Insurance Services

SEPTEMBER 16, 2024

As open enrollment is right around the corner, now is the time to make a plan to maximize employee enrollment and help your staff select the health plans that best suit them. Here are some pointers to make open enrollment fruitful for both your staff and your organization.

Employee Enrollments 52

Employee Enrollments Health Insurance Human Resources Insurance 52

Abel HR

JANUARY 21, 2021

Below, we take a look at the old laws and what, if any, changes you might have to make to your employee health programs should this one go the distance. In addition, any incentive offered must be tied to cost-sharing or premium differentials under the group health plan.

Employee Wellness 52

Employee Wellness Health Insurance Medical Commissions 52

Higginbotham

JULY 12, 2022

This may be a good option for employers that want to simplify their health plan administration while giving employees flexibility. Integrated health reimbursement arrangements are designed to work with the group health plan. Amounts paid for health insurance premiums. Manage enrollment.

Out of Pocket Cost 52

Out of Pocket Cost Flexible Spending Account Medical Deductible 52

Corporate Synergies

AUGUST 6, 2018

High deductible health plans (HDHPs) are on the rise as a growing number of employers turn to consumer-directed health plans to try to curb costs—the portion of employees enrolled in HDHPs rose from 26.3% In the push toward more consumerism, it’s imperative that employees understand how an HSA works.

401(k) 40

401(k) Health Savings Account Retirement Plan Deductible 40

InterWest Insurance Services

MARCH 1, 2024

The employer deducts any fees or premiums for these benefits from employee paychecks and forwards them in a single batch to the benefit vendors. cancer insurance) Pet insurance. cancer insurance) Pet insurance. Best practices Don’t overwhelm employees with too many benefit choices at the same time.

Voluntary Benefits 98

Voluntary Benefits Disability Insurance Deductible Deductions 98

HR Professionals Magazine

MAY 4, 2023

Decision Support Think your employees aren’t interested in decision support? A 2022 Harris poll found that 72% of employees said “they wish someone would tell them what the best health insurance for their unique situation is.” Think again. Be mindful that not all decision support tools are created equal.

Technology 52

Technology Utilities Payroll Deductible 52

InterWest Insurance Services

NOVEMBER 10, 2022

One of the most difficult aspects of annual open enrollment is reaching workers who are disengaged from the process and never bother signing up for your group health plan and other benefits they could take advantage of. Also consider that one in three employees are uncertain about their ability to cover future health care expenses.

401(k) 97

401(k) Health Savings Account Health Insurance Insurance 97

Higginbotham

SEPTEMBER 16, 2024

Are you offering your employees health insurance options that work for their budgets? While not ideal for everyone, a high-deductible health plan can be very appealing to some workers, especially when it’s paired with a health savings account. Many people find health insurance terms to be confusing.

Deductions 52

Deductions Deductible Health Savings Account Health Insurance 52

Qandle

FEBRUARY 19, 2025

Employee Benefits Policy Providing employees with details about benefits encourages job satisfaction and retention. Example: Employees enrolled in the companys health insurance can access their benefits through the Employee Self Service platform.

Software 86

Software Payroll System Payroll Paid Leave 86

InterWest Insurance Services

MAY 23, 2024

As the workforce ages and many employers want to keep on baby-boomer staff who have the experience and institutional knowledge that is irreplaceable, one issue that always comes up is how to handle health insurance.

Employment 98

Employment Medical Employee Enrollments Health Insurance 98