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With more than half of all private sector employeesenrolled 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.
With more than half of all private sector employeesenrolled 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.
Limited Purpose FSA: An FSA that covers out-of-pocketcosts for dental and vision care, but not standard medical care. Copays, co-insurance, and deductibles for medical care. Health insurance premiums including COBRA premiums. Any expenses already covered or reimbursed by insurance. Healthcare FSAs.
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-pocketcosts that aren’t covered by their various plans.
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.
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