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. HSAs are tax-advantaged accounts that allow enrollees to save up to pay qualified medical expenses.

Out of Pocket Cost 83

Out of Pocket Cost Deductions Deductible Voluntary Benefits 83

Best Money Moves

SEPTEMBER 9, 2020

A survey by MetLife found that employees dread open enrollment almost as much as going to the DMV to renew their driver’s license and 20 percent of them spend only a few minutes reviewing benefits plans before making a selection. Preparing for Virtual Open Enrollment in 2020.

Utilities 91

Utilities Employee Enrollments Benefits Package Healthcare 91

Empuls

AUGUST 28, 2024

The role of employee benefits providers Employee benefits providers play a critical role in enhancing employee satisfaction and retention by offering comprehensive benefits packages that meet the diverse needs of today’s workforce.  What are the top 5 types of employee benefits?

Benefit Providers 40

Benefit Providers Employee Benefits 401(k) Retirement Plan 40

Griffin Benefits

OCTOBER 13, 2022

Earlier this year the IRS announced proposed regulations extending ACA affordability to other tiers of employer-sponsored group medical coverage (employee + child/spouse, family, etc.). Previously, ACA affordability was based solely on the employee-only tier of coverage. Today the IRS released final regulations.

Taxes 92

Taxes Employee Enrollments Consulting Medical 92

Benefit Resource Inc.

APRIL 18, 2019

This person will be referred to as “the covered employee” through the blog. Again, the second person is the covered employee’s spouse (who is a dependent). Typically, when a covered employee enrolls in COBRA, they and their dependent receive 18 months of benefits through COBRA.

Health 82

Health Medical Employee Enrollments Employment 82

Benefit Resource Inc.

APRIL 1, 2020

For employees with an HSA, Dependent Care FSA, and/or commuter plan, there may be the opportunity to make changes to their accounts. Changes to Medical FSAs are currently not permitted). Here are the main updates employees should know about. Even apart from COVID-19, HSAs are fairly flexible when it comes to making changes.

Taxes 75

Taxes Employee Enrollments Medical Employment 75

Higginbotham

AUGUST 13, 2024

Are your employees stressed about medical bills? 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. Encourage employees to seek care when they need it.

Hospitality 52

Hospitality Insurance Voluntary Benefits Benefits Package 52

Business Management Daily

SEPTEMBER 9, 2021

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. Employers may choose to limit FSA eligibility to only those employees enrolled in the group plan.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Employment Flexible Spending 52

Benefit Resource Inc.

AUGUST 13, 2019

According to a recent article from SHRM covering research from the Employees Benefit Research Institute (EBRI), enrollment in an HDHP promotes more conscious health care purchase decisions. For example, 55% of employees enrolled in an HDHP checked whether their health plan would cover their care or medication.

Deductions 45

Deductions Deductible Health Savings Account Employee Enrollments 45

Employer Connection

AUGUST 17, 2023

In addition, if covered employees download the Vitality app, they will earn another 50 points! Vitality is offered to employees enrolled in the optional Lifestyle Management health improvement program via a self-funded major medical plan administered by Star Marketing and Administration, Inc.

Employee Enrollments 40

Employee Enrollments Medical Management 40

Higginbotham

JULY 12, 2022

In the simplest terms, a medical expense reimbursement plan refunds employees for covered medical costs. For example: In an individual coverage health reimbursement arrangement, the health reimbursement arrangement is offered in place of a group health plan, allowing employees to purchase a health plan on their own.

Out of Pocket Cost 52

Out of Pocket Cost Flexible Spending Account Medical Deductions 52

Business Management Daily

NOVEMBER 30, 2021

This means that employees do not have to wait to use their health FSA funds. They may have a larger medical procedure or expense at the beginning of the coverage period and submit for reimbursement. The patient does not have to be the employee. The name of the provider that delivered the medical service. Date of service.

Retail 52

Retail Healthcare Medical Flexible Spending Account 52

Abel HR

JANUARY 21, 2021

Under the first rule, the ADA states that “allowing too high of an incentive would make employees feel coerced to disclose protected medical information to receive a reward or avoid a penalty.” ” The EEOC opened up the proposed rulings for public comment for 60 days.

Employee Wellness 52

Employee Wellness Health Insurance Medical Commissions 52

HR Digest

APRIL 2, 2024

These accounts help cover a variety of medical costs, copayments, medications, and other medical expenses that occur in an employee’s life. Only employees enrolled in the HDHP can benefit from the HSA, making it a more complicated program to follow. HSAs can be funded by both employer and employee.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Medical Flexible Spending 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. These make it easy to compare different aspects of different medical plans. Some of the options include: Benefit-needs calculators. Plan-comparison tools.

Life Insurance 45

Life Insurance Employee Enrollments Deductions Deductible 45

Fringe Benefit Analysts

AUGUST 15, 2022

Without insurance coverage, it can be difficult to pay for medical expenses, whether or not they are expected. Employers who do not offer coverage can have a more difficult time attracting recruits and retaining employees. Group health insurance may cover a range of health care needs, including medical, vision or dental.

Insurance 52

Insurance Health Insurance IT Deductions 52

Business Management Daily

SEPTEMBER 27, 2019

IRS: Due to cost barriers, employees who’ve been diagnosed with certain chronic conditions forgo care, which, in turn, only exacerbates their medical conditions. Employees with HDHPs more engaged in their care. Ask questions about coverage for specific medications. The maximum amount of out-of-pocket expenses (i.e.,

Health Savings Account 40

Health Savings Account Deductions Deductible Flexible Spending Account 40

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% Encourage employees to contribute the maximum to their HSA: $3,450 for individuals; $6,900 for families. in 2011 to 39.3%

401(k) 40

401(k) Health Savings Account Retirement Plan Deductions 40

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

HR Professionals Magazine

MAY 4, 2023

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.” However, the way in which employees comprehend benefit information varies greatly based on their current stage in life. Be mindful that not all decision support tools are created equal.

Technology 52

Technology Utilities Payroll Deductions 52

Higginbotham

SEPTEMBER 16, 2024

By opting for a higher deductible, employees can secure lower monthly premiums. Let’s say an employee enrolls in a high-deductible health plan providing self-only coverage with an annual deductible of $2,000. Employers, employees or both can contribute funds to an HSA in the same year.

Deductions 52

Deductions Deductible Health Savings Account Health Insurance 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. Savers — This group doesn’t touch their HSA balances, even for current medical expenses.

401(k) 97

401(k) Health Savings Account Health Insurance Insurance 97

Business Management Daily

AUGUST 30, 2024

For dependent-care benefits, employees may change their pretax deductions if: The safety or quality of their current day care provider raises concerns. The day care provider has age cutoffs and won’t take infants, and employees don’t want to split up their kids at different providers. A day care center raises it rates.

Deductions 52

Deductions Deductible Employee Enrollments Medical 52

InterWest Insurance Services

MAY 23, 2024

Part B covers two types of services: Medically necessary services: Services or supplies that are needed to diagnose or treat your medical condition and that meet accepted standards of medical practice.

Employment 98

Employment Medical Employee Enrollments Health Insurance 98