Remove Employment Remove Insurance Carriers Remove Out of Pocket Cost
article thumbnail

Why your integrated HRA shouldn't be tied to one carrier

PeopleKeep

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).

article thumbnail

6 tips to help employees manage out-of-pocket expenses

Benefit Resource Inc.

Offering pre-tax benefits is the first step in helping employees lower out-of-pocket expenses, but employers should also make sure to explain the associated financial benefits. It’s important that employers are equipped to provide sound guidance on out-of-pocket costs, coverage options and resources like HSA calculators.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Baby Health Insurance Playbook: 5 Steps to Plan for a Newborn

Corporate Synergies

Patient financial responsibility is on the rise—average out-of-pocket costs rose 11% in 2017 alone. 1 Many of them are still learning how to choose the right benefits each year so they get the coverage they need without overpaying or getting stuck with unexpected costs. It’s simple, practical benefits guidance.

article thumbnail

Benefits Advocate: The Secret to Healthcare Literacy and Cost Control

Corporate Synergies

A benefits advocate who delivers the how and why of plan use when employees are asking for assistance helps the employer control health insurance costs. To cut health plan costs, many employers are moving toward a self-funded plan that provides transparency into claims data. As Seen In. More on that in a minute.

article thumbnail

How Health Care Reform Helps People and Small Businesses Pay for Coverage

Insperity

First, those who are eligible for coverage through a governmental program such as Medicaid, Medicare and the Children’s Health Insurance Program cannot receive subsidies. Affordable – Employee’s share of premium for the lowest-cost, employee-only plan option is not to exceed 9.5 percent of their household income.