PeopleKeep

OCTOBER 4, 2024

Group health insurance remains a popular employer-sponsored benefit in the United States. But traditional group health plans are too costly for many employers. With this type of HRA, employers can reimburse employees tax-free for their individual health insurance premiums and other qualified out-of-pocket costs.

Out of Pocket Cost 105

Out of Pocket Cost Health Insurance Insurance Medical 105

InterWest Insurance Services

JUNE 16, 2022

More employers are including narrow provider network insurance plans among their plan offerings to their employees to give them a lower-cost premium option. Narrow provider networks limit the number of covered providers included in health insurance plans. There is no limit if your employee goes out of network.

Employment 96

Employment Out of Pocket Cost Health Insurance Insurance 96

InterWest Insurance Services

MARCH 16, 2023

Large employers are unwavering in their plans to continue offering group health plans to their workers instead of funding individual reimbursement accounts that would allow them to shop for plans on government-run exchanges, according to new research. “We liked to have control. “We liked to have control.

Health Insurance 94

Health Insurance Employment Out of Pocket Cost Health Savings Account 94

PeopleKeep

JANUARY 18, 2022

For many employers offering a group health insurance plan, adding a supplemental benefit in addition to the group plan can help offset your employees’ out-of-pocket costs. One way to supplement your group health insurance plan is through an integrated HRA, also known as a group coverage HRA (GCHRA).

Out of Pocket Cost 98

Out of Pocket Cost Insurance Carriers Health Insurance Deductible 98

InterWest Insurance Services

JULY 13, 2023

Employers who were surveyed for a new report expected that group health insurance premiums would increase 5.4% this year and at a faster clip in 2024 as inflation hits medical costs. It definitely means paying close attention when employees say they need better support for their mental health.” copay plan).

Employment 89

Employment Out of Pocket Cost Health Insurance Health Savings Account 89

InterWest Insurance Services

MAY 25, 2022

A new survey has found that managing health care costs and expanding mental health benefits will be a top priority for U.S. employers as they ramp up benefits to compete for talent in the tight job market spawned by the COVID-19 pandemic. Here’s the direction many employers are going, according to the survey.

Employment 82

Employment Out of Pocket Cost Health Insurance Insurance 82

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. The employer can also contribute to its employees’ HSAs to encourage participation.

Deductions 89

Deductions Deductible Out of Pocket Cost Health Savings Account 89

Insperity

OCTOBER 31, 2017

From employer-sponsored health insurance to retirement savings plans, an attractive benefits package can help you hire the best employees and ensure you retain them for many years to come. This can go a long way toward positioning your company to excel in the marketplace and securing your reputation as a stellar employer.

Out of Pocket Cost 84

Out of Pocket Cost Disability Insurance Health Insurance Flexible Spending Account 84

Best Money Moves

MAY 22, 2019

Health Insurance was the benefit millennials felt would most help them achieve their financial goals. Research by the West Health Institute/NORC at the University of Chicago found more than 40 percent of Americans didn’t see a physician when they were sick or injured because of high healthcare costs.

401(k) 97

401(k) Out of Pocket Cost Health Insurance Paid Leave 97

InterWest Insurance Services

AUGUST 1, 2023

If you are running a business, you need to get an early start on preparations for your small group health plan open enrollment, particularly now as so much confusion abounds about the state of health insurance in the country. Going out of network is discouraged with high out-of-pocket costs.

Family and Medical Leave Act 96

Family and Medical Leave Act Out of Pocket Cost Deductions Deductible 96

InterWest Insurance Services

AUGUST 22, 2023

If you are running a business, you need to get an early start on preparations for your small group health plan open enrollment, particularly now as so much confusion abounds about the state of health insurance in the country. Going out of network is discouraged with high out-of-pocket costs.

Family and Medical Leave Act 91

Family and Medical Leave Act Out of Pocket Cost Deductions Deductible 91

InterWest Insurance Services

JANUARY 5, 2023

Despite group health insurance costs expected to rise 5.4% this year, the tight labor market is forcing employers to prioritize enhancing benefits over cost-cutting measures, according to a new report by Mercer. The expected health insurance cost growth of 5.4% What employers are doing.

Out of Pocket Cost 69

Out of Pocket Cost Employment Health Insurance Deductible 69

InterWest Insurance Services

MARCH 4, 2022

As rising health insurance premiums and out-of-pocket costs for health care are burdening workers, more employers are looking for ways to help their staff put aside money for those expenses. Fortunately, there is another option: a health reimbursement arrangement (HRA). per month).

Medical 90

Medical Health Insurance Out of Pocket Cost Deductible 90

InterWest Insurance Services

AUGUST 29, 2024

As health insurance costs are rising at their fastest level in nearly 20 years, it’s important to have a clear idea of which metrics to track to ensure you’re seeing a good return on investment and that your employees are satisfied with their health plan.

Out of Pocket Cost 95

Out of Pocket Cost Health Insurance Insurance Utilities 95

InterWest Insurance Services

DECEMBER 28, 2021

Most employers offer major medical coverage to their full-time employees. For example, even with insurance, treating a broken leg or undergoing emergency appendicitis surgery can mean thousands of dollars in out-of-pocket medical costs. Hospital indemnity insurance. even for people with health insurance.

Voluntary Benefits 91

Voluntary Benefits Hospitality Insurance Out of Pocket Cost 91

Best Money Moves

JUNE 1, 2022

Here’s how employers can support their teams cope with inflation with the right benefits choices. . Luckily, there are methods employers can use to help employees weather this period. Here are 5 benefits employers can use to help employees cope with inflation. Health Care Assistance. Improved Retirement Benefits.

401(k) 116

401(k) Out of Pocket Cost Benefits Package Finance 116

Higginbotham

JANUARY 27, 2023

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. ALEs are subject to certain health care reporting requirements. ALEs are subject to certain health care reporting requirements.

Health Insurance 52

Health Insurance Insurance Benefits Package Out of Pocket Cost 52

InterWest Insurance Services

JUNE 2, 2023

Employers offer flexible savings accounts and health savings accounts to their employees so they can build up funds with pre-tax dollars to pay for health care and related expenses. Employers can offer one of two options to give their employees more time to spend their funds: Grace period — You can provide an extra 2.5

Out of Pocket Cost 96

Out of Pocket Cost Health Savings Account Medical Health Insurance 96

Insperity

MAY 13, 2015

If you’re shopping for group health insurance for your company the first or second time around, it can be hard to make a confident choice. Not to mention, the Affordable Care Act (ACA) has changed the group health insurance market considerably. The main oversight: Ruling out HSA-qualified plans.

Health Insurance 43

Health Insurance Insurance Out of Pocket Cost Health Savings Account 43

Best Money Moves

JULY 8, 2020

It’s time for employers to start planning their employee benefits packages for 2021. The coronavirus pandemic has presented significant challenges for employers and highlighted the unprecedented levels of stress employees face in their everyday lives. But what can employers do to help? 3 Health Insurance Benefits.

Employee Benefits 112

Employee Benefits Out of Pocket Cost Flexible Spending Account Health Insurance 112

InterWest Insurance Services

MARCH 15, 2022

It’s no secret that most employees do not fully understand all of their health insurance benefits, which can lead to worse health outcomes and them spending more money than they need to for some medical procedures. These tools can help employees make informed health care decisions, while their employer can save money.

Out of Pocket Cost 93

Out of Pocket Cost Health Savings Account Health Insurance Medical 93

InterWest Insurance Services

SEPTEMBER 23, 2022

As the labor market remains tight and businesses struggle to find staff, more small firms are starting to offer employee benefits, particularly health coverage. Typically, the most expensive and most important benefit is health insurance. For most people, purchasing health coverage on their own is prohibitively expensive.

Health Insurance 86

Health Insurance Out of Pocket Cost Insurance Paid Leave 86

Corporate Synergies

FEBRUARY 11, 2019

A new father outlines requirements with his Baby Health Insurance Playbook. The same can be said for insuring a new dependent. To plan for newborn healthcare benefits, parents need a baby health insurance playbook. Patient financial responsibility is on the rise—average out-of-pocket costs rose 11% in 2017 alone.

Health Insurance 47

Health Insurance Insurance Insurance Carriers Out of Pocket Cost 47

Fringe Benefit Analysts

AUGUST 15, 2023

How Does Dental Insurance Work? Full coverage dental insurance and supplemental dental insurance are designed to reduce the overall cost of dental treatment for those paying for coverage. Is Dental Insurance Worth It? Dental coverage can offer peace of mind, just like health insurance. was $128.75

Insurance 98

Insurance IT Out of Pocket Cost Health Insurance 98

Genesis HR Solutions

SEPTEMBER 22, 2020

At the end of this article, we’ll explain how a professional employer organization (PEO) can help you select, negotiate, and administer best possible benefits for your company. There are four major types of employee benefits many employers offer: medical insurance, life insurance, disability insurance, and retirement plans.

401(k) 98

401(k) Employee Benefits roth 401(k) Disability Insurance 98

InterWest Insurance Services

NOVEMBER 22, 2023

A new report has found that the top driver of health care costs in the U.S. is chronic conditions, emphasizing the role that employers can assume in helping their employees better maintain these ailments. Chronic diseases are a major strain on the health care system, and they are costly to treat. Routine immunizations.

Out of Pocket Cost 84

Out of Pocket Cost Education Insurance Health Insurance 84

Higginbotham

MARCH 28, 2023

Health care is a major expense in the U.S. – and employers bear much of the burden. However, cutting health benefits isn’t always a good option. In addition to meeting ACA requirements, offering attractive benefits enables employers to compete for top workers. Health insurance alone accounts for 7.8

Health Insurance 52

Health Insurance Employment Management Out of Pocket Cost 52

InterWest Insurance Services

JUNE 22, 2023

market, in March 2023 announced that they will cap the cost of insulin for people with private insurance plans. That includes those on employer-sponsored group health plans and plans purchased on a government-run exchange. Out of that population, 8.4 million people — or 28.5% for a single vial and $139.71

Insurance 75

Insurance Out of Pocket Cost Pharmaceutical Deductions 75

PeopleKeep

NOVEMBER 12, 2021

If you’re looking to supplement your organization’s group health insurance plan to help cover your employees’ out-of-pocket costs, you have two main options: Section 105 plans , such as the group coverage HRAs (GCHRAs), and Section 125 cafeteria plans , such as health savings accounts (HSAs).

Health Savings Account 52

Health Savings Account Out of Pocket Cost Health Insurance Deductions 52

InterWest Insurance Services

FEBRUARY 8, 2023

As health insurance and health care costs continue rising, more employers and health plans are turning to centers of excellence to manage patients with chronic conditions. The employer and/or health plan saves money by not having to shell out thousands for surgery that could have been avoided.

Out of Pocket Cost 82

Out of Pocket Cost Insurance Health Insurance Medical 82

PeopleKeep

OCTOBER 29, 2021

Employers offering a high deductible health plan (HDHP) have several ways to offset the higher out-of-pocket costs and make the benefit more meaningful for employees. One way is to offer a health savings account (HSA) alongside the HDHP.

Out of Pocket Cost 52

Out of Pocket Cost Health Savings Account Health Insurance Deductions 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. The employer can also contribute to its employees’ HSAs to encourage participation.

Out of Pocket Cost 59

Out of Pocket Cost Deductions Deductible Voluntary Benefits 59

Best Money Moves

OCTOBER 16, 2019

Being more knowledgeable about health insurance benefits will help them enroll in the plan that’s right for them. It’s unfortunate employees are rushing benefits decisions, especially when employers are taking a more active role in driving down healthcare costs. How to help employees prepare for open enrollment 2020.

Out of Pocket Cost 45

Out of Pocket Cost Health Insurance Healthcare Insurance 45

Business Management Daily

APRIL 29, 2024

Fringe benefits are how employers make up the gap. Different benefits appeal to different teams, but what matters most is providing more than just the bare minimum—health insurance, workers’ compensation, and a competitive salary. Unfortunately, having insurance coverage tied to employment puts employers in a difficult position.

Out of Pocket Cost 84

Out of Pocket Cost PTO 401(k) Deductions 84

Higginbotham

OCTOBER 14, 2022

If employers don’t provide adequate compensation, they risk losing their workers. Gallup says that the cost of replacing an employee can range from one-and-a-half to two-times the employee’s annual salary. Health Insurance for Small Business. However, many small business owners offer health insurance coverage anyway.

Employee Benefits 52

Employee Benefits Family and Medical Leave Act Disability Insurance Paid Sick Leave 52

Flimp Communications

NOVEMBER 15, 2019

It’s that time of year again, when many companies roll out new or returning healthcare options to employees. What employees want when determining their healthcare options doesn’t always match what employers think they want. That observation is backed up by a 2015 study from the Life Insurance Marketing and Research Association.

Health Insurance 64

Health Insurance Out of Pocket Cost Healthcare Benefits Package 64

Business Management Daily

NOVEMBER 15, 2021

Employers are constantly looking for ways to remain competitive in their benefits offerings, and an FSA is a great add-on to your benefits package. Limited Purpose FSA: An FSA that covers out-of-pocket costs for dental and vision care, but not standard medical care. Health insurance premiums including COBRA premiums.

Flexible Spending Account 98

Flexible Spending Account Flexible Spending Medical Healthcare 98