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

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. Employers can help their employees by offering worksite benefits like hospital indemnity insurance and other supplemental benefits.

Hospitality 52

Hospitality Insurance Voluntary Benefits Benefits Package 52

WEX Inc.

MAY 8, 2023

PPO deductible Nearly two-thirds of large employers provide their employees with the choice of an HDHP and a traditional health plan , such as a preferred provider organization (PPO). Typically, an employee enrolled in a PPO will have higher premiums and a lower deductible than an employee enrolled in an HDHP.

Deductions 97

Deductions Deductible Health Savings Account Employee Enrollments 97

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

Proskauer's Employee Benefits & Executive Compensa

JANUARY 4, 2023

The Internal Revenue Code (the “Code”) requires insurance companies, self-insured plans, and applicable large employers (“ALEs,” generally those with 50+ full-time or full-time equivalent employees) to file annual statements with the IRS (via Forms 1094-B and 1094-C for insurance providers and ALEs, respectively).

Insurance 105

Insurance Employee Enrollments Taxes Consulting 105

Empuls

AUGUST 28, 2024

Employee benefits providers are organizations that specialize in designing, administering, and managing employee benefits packages on behalf of employers.    These providers handle the complex tasks of negotiating with insurance companies, managing enrollment processes, and ensuring compliance with regulations.

Benefit Providers 40

Benefit Providers Employee Benefits 401(k) Retirement Plan 40

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 Deductions Deductible Voluntary Benefits 83

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 Deductions 52

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 Deductions Deductible 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 Deductions 64

InterWest Insurance Services

MARCH 7, 2024

They are only available to employees enrolled in a high-deductible health plan. HDHPs feature lower premiums in exchange for a higher deductible, meaning the employees have to pay more out of pocket before coverage kicks in. Withdrawals to reimburse for these expenses are also not taxed.

401(k) 98

401(k) Health Savings Account Pharmaceutical Deductions 98

WEX Inc.

JULY 20, 2023

In the first post of this year’s open enrollment series, we break down some of the common feedback we received from those who said their benefits options were lacking so you can build the best benefits package going into your open enrollment. However, not all employees are offered these benefits.

Deductions 75

Deductions Deductible Flexible Spending Account Health Savings Account 75

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

Business Management Daily

NOVEMBER 15, 2021

Copays, co-insurance, and deductibles for medical care. Health insurance premiums including COBRA premiums. Any expenses already covered or reimbursed by insurance. They may also divide the unused fund among all employees enrolled in the FSA plan. Healthcare FSAs. Medical Marijuana.

Flexible Spending Account 98

Flexible Spending Account Flexible Spending Medical Healthcare 98

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

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

Total Employee Benefits

DECEMBER 14, 2021

Beginning December 27, 2021, as part of the Consolidated Appropriations Act, covered service providers – insurance providers, benefits brokers, agents, and consultants – are required to disclose any compensation they expect to receive over $1,000. In this case, you already know how much and from whom your broker is being paid.

Insurance Carriers 52

Insurance Carriers Health and Welfare Insurance Employee Enrollments 52

Winston Benefits

OCTOBER 25, 2017

For 2017, 92 percent of employees enrolled in benefits programs, with voluntary benefit participation rising markedly. Accident insurance enrollment went up more than 20 percent; critical illness insurance enrollment rose more than 28 percent and hospital indemnity jumped 58 percent.

Manufacturing 45

Manufacturing Food Technology Employee Enrollments 45

Business Management Daily

SEPTEMBER 9, 2021

Eligibility: FSAs are generally available only to current employees. Qualifying insurance: FSAs are generally offered alongside group health plans, but employees typically aren’t required to enroll in a group plan in order to enroll in the FSA.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Employment Flexible Spending 52

Proskauer's Employee Benefits & Executive Compensa

JANUARY 6, 2022

While the proposed regulations technically would become effective for coverage in calendar years beginning January 1, 2022, the IRS has indicated that reporting entities may rely on them starting with the reports due for 2021 (provided to covered individuals and employees in 2022). Background on Required ACA Forms.

Electronics 52

Electronics Insurance Employee Enrollments Taxes 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

Benefit Resource Inc.

JUNE 1, 2023

If employees enroll in a Limited FSA they have the option to forgo enrolling in vision or dental insurance, avoiding the need to pay those premiums. In the end, employees walk away with lower premiums and two pre-tax accounts to keep even more money in their pockets.

Flexible Spending Account 52

Flexible Spending Account Healthcare Health Savings Account Deductions 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. Even with health insurance, dental insurance and vision insurance, employees tend to end up with some out-of-pocket costs that aren’t covered by their various plans. Manage enrollment.

Out of Pocket Cost 52

Out of Pocket Cost Flexible Spending Account Medical Deductions 52

Winston Benefits

FEBRUARY 21, 2018

Your employees make a lot of decisions during their work day, but one of the most important decisions they’ll make comes once a year: what to do about their employee benefits. Tech-based tools can make it easier for employees to plan, budget and plug the gaps in their insurance needs. Plan-comparison tools.

Life Insurance 45

Life Insurance Employee Enrollments Deductions Deductible 45

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. in 2011 to 39.3%

401(k) 40

401(k) Health Savings Account Retirement Plan Deductions 40

Business Management Daily

NOVEMBER 30, 2021

For medical services or pharmacy expenses, include your explanation of benefits (EOB) and what portion of the expense was not reimbursed through your insurance company. Employees may not seek FSA reimbursement for costs that will be reimbursed by their health plan. The amount paid for the service or product.

Retail 52

Retail Healthcare Medical Flexible Spending Account 52

Corporate Synergies

JULY 8, 2019

For example, if your employees enroll in benefits on paper and you manually enter elections, moving to a tech platform will save time. Is the benefits administration system able to automate the evidence of insurability process? How complex are your eligibility and employee benefit offerings?

Technology 44

Technology Retirement Plan Employee Enrollments Software 44

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 Deductions Deductible 98

Flimp Communications

OCTOBER 30, 2024

About half of American employers offer HSAs — coupled with high-deductible health plans (HDHPs) — but, according to one study , 69% of employees don’t understand their benefits or uses. When given the option, nearly two-thirds of employees enroll in an HSA-eligible health plan — a sign of progress!

Deductions 52

Deductions Deductible Taxes Flexible Spending Account 52

Insperity

NOVEMBER 24, 2014

On the administrative side, this streamlines the process so the data entered by employees is ready to go directly to the insurance provider. It eliminates the possibility of incomplete forms, which could create administrative headaches as you have to track down employees to get forms completed.

Insurance 80

Insurance Employee Enrollments Hospitality Deductions 80

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 Deductions 52

Insperity

NOVEMBER 24, 2014

On the administrative side, this streamlines the process so the data entered by employees is ready to go directly to the insurance provider. It eliminates the possibility of incomplete forms, which could create administrative headaches as you have to track down employees to get forms completed.

Insurance 40

Insurance Employee Enrollments Hospitality Deductions 40

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. Turning 26 — This is the age that individuals are no longer allowed to be covered by their parents’ health insurance.

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? Offering a high-deductible health plan as part of an employee benefits package, therefore, may be a strategic option for your organization. Employees must pay the deductible out of pocket before the plan contributes to covered care costs.

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