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HealthInsurance Associate (HIA) The HealthInsurance Associate (HIA) certification is offered by America’s HealthInsurance Plans (AHIP). It focuses on the fundamentals of healthinsurance, making it highly relevant for benefits professionals responsible for health and wellness programs.
As we approach the 2024 United States presidential election, Chris Byrd, senior vice president, health executive and, more broadly, head of Government Affairs at WEX, joined our Benefits Buzz podcast for an insightful conversation on how election years can influence employee benefits.
Pazcare is an innovative healthcare company that provides a comprehensive suite of digital healthcare solutions. The platform is designed to help medical professionals and patients manage healthcare needs more efficiently, utilizing technology to improve the overall healthcare experience.
Whether you’re transitioning from your parents’ insurance, landed your first full-time job, or are simply obtaining coverage for the first time, choosing health plans and employee benefits options can be overwhelming. For starters, let’s look at a few considerations when evaluating health plans for the first time.
It’s your best chance to evaluate your healthcare needs and identify opportunities to better support yourself and your family. If you’re one of that majority, you may be missing out on multiple ways to save, either through the health plan you choose or through the benefits you enroll in. Open enrollment comes just once a year.
USI’s benefits offerings include a comprehensive suite of healthinsurance options, including medical, dental, and vision insurance. The company also offers flexiblespendingaccounts (FSAs) and health savings accounts (HSAs) to help employees save money on healthcare costs.
Employers can choose from a range of pre-tax benefits, including healthinsurance, dental insurance, vision insurance, and other types of benefits. In addition to its benefits offerings, PeopleKeep also provides a range of educational resources to help businesses understand the complexities of healthcare benefits.
If your employer offers a health reimbursement arrangement (HRA), then you have access to a unique health benefit that empowers you to make your own healthcare choices in ways a traditional group healthinsurance plan doesn’t.
It’s your best chance to evaluate your healthcare needs and identify opportunities to better support yourself and your family. If you’re one of that majority, you may be missing out on multiple ways to save, either through the health plan you choose or through the benefits you enroll in. Open enrollment comes just once a year.
For first-time healthinsurance and benefits electees, we’re kicking off a three-part blog series just for you to walk through considerations when making these decisions. For starters, let’s look at a few considerations when evaluating health plans for the first time. Be mindful of healthinsurance enrollment periods.
FlexibleSpendingAccounts allow employees to set aside pre-tax dollars from their paycheck to use for medical or dependent care expenses. These funds are placed in an FSA account that employees can use to pay for eligible expenses. Healthcare FSA. The most commonly used FSA is the healthcare FSA.
There are a few different types of medical reimbursement plans including: Health Reimbursement Arrangements (HRAs), Healthcare Reimbursement Plans (HRPs), Health Savings Accounts (HSAs), and HealthFlexibleSpendingAccounts (FSAs). FlexibleSpendingAccounts (FSAs).
Healthcare, including mental health, telemedicine services, and wellness. Flexible work options. Employees still want traditional options such as retirement plans, educational assistance, and healthinsurance. Accident and Health Benefits . Group-term life insurance . Health Savings Accounts.
A new father outlines requirements with his Baby HealthInsurance Playbook. The same can be said for insuring a new dependent. To plan for newborn healthcare benefits, parents need a baby healthinsurance playbook. The Baby HealthInsurance Playbook isn’t really a book. As Seen In.
3 HealthInsurance Benefits. Employers who don’t offer healthinsurance might want to reconsider and employers who do should audit their healthcare offerings to determine the out of pocket costs of deductibles, prescriptions, copays and then work with benefits brokers to provide better coverage. . 4 Paid Time Off.
They have three specific flexible benefits for your employees to choose from: Pre-tax healthinsurance premium deductions Premium-only plans allow your employees to elect to withhold a portion of their pre-tax salary to pay for their portion of the premium contribution to their employer-sponsored plan.
Not only do companies see improvements in their workers mental and physical health, they often will see positive returns on their productivity and quality of work as well. Fitness classes and health education Encouraging your employees to exercise can positively impact both their physical and mental health.
Vision insurance is designed to help your employees cover and budget for ongoing vision care expenses like routine eye exams, prescription glasses, and contact lenses. FlexibleSpendingAccount (FSA). Critical Illness Insurance. Hospital Insurance. Hospital insurance is healthinsurance for hospital costs.
Employees get to select a new plan for their healthinsurance and opt into other employee benefits for the next year. This is generally the only time health coverage changes are allowed aside from onboarding or family changes (such as marriage, divorce, or the birth of a child). It’s almost that time of year again!
Flexiblespendingaccounts (FSA) and health savings accounts (HSA) help employees prepare and pay for healthcare expenses. Self-Funded HealthInsurance. Smaller employers are reducing costs, gaining plan flexibility, and keeping employees happy by self-funding healthinsurance.
Health Savings Accounts (HSAs) and FlexibleSpendingAccounts (FSAs) are two of the most effective instruments for optimizing health savings and financial flexibility for both employers and employees among the different components of a comprehensive benefits strategy.
One of the biggest financial challenges people in the US are facing is whether or not they’re able to afford healthcare. People are already struggling to pay for the insurance premiums but on top of that, they’re afraid deductibles, prescriptions, and co-insurance might push them into the red. We’re here to help.
COBRA can provide important healthinsurance security when you’ve experienced job loss or another qualifying event. And election of COBRA can affect your ability to use the reimbursement accounts in which you were participating prior to your COBRA eligibility. Your HSA funds can be used to pay for COBRA premiums.
Someone definitely could view an employee benefits package that lacks healthinsurance or paid sick days as a reason to not accept an offer of employment. To aid in the decision-making process, though, here’s a closer look at various types of employee benefits : Healthinsurance. Generous parental leave policies.
Are you offering your employees healthinsurance options that work for their budgets? While not ideal for everyone, a high-deductible health plan can be very appealing to some workers, especially when it’s paired with a health savings account. Many people find healthinsurance terms to be confusing.
Provide employees with easily understandable materials that explain their benefit options, including healthinsurance, retirement plans, and any other perks. Offer Choice and Flexibility Employees value choice and flexibility. Provide a range of benefit options to cater to different needs and preferences.
Flex Account. One of the most common cafeteria plans is a flex account, or flexiblespendingaccount (FSA). This type of cafeteria plan gives employees the option to enroll in an account that allows them to set aside money from their paycheck tax-free and use it for qualified medical expenses.
In other words, how to answer the question: “How do I make an informed healthcare decision that I won’t regret later?” But for those who don’t live in a daily world of healthcare jargon, what are out of pocket expenses? Type of Insurance Plan. Pre-tax Account You Can Enroll In*.
The central question of the case examines the individual mandate, which is set to go into effect in 2014 and will require most Americans to buy healthinsurance or pay a penalty. High-deductible plans are part of a trend of consumer-driven healthcare that has employees questioning the breakdown of charges.
Flex Account. One of the most common cafeteria plans is a flex account, or flexiblespendingaccount (FSA). This type of cafeteria plan gives employees the option to enroll in an account that allows them to set aside money from their paycheck tax-free and use it for qualified medical expenses.
There are several different types of pre-tax benefits that you may be eligible for, including FlexibleSpendingAccounts (FSA), Health Savings Accounts (HSA), and Commuter Benefits. With an HSA , you can use pre-tax dollars to pay for qualifying healthcare expenses. Give Thanks for Great Benefits.
For example, 63% of employers say they’re focused on enhancing mental health and well-being programs for the foreseeable future, according to recent findings from Willis Towers Watson’s (WTW) 2023 Best Practices in Healthcare Survey. And that is despite rising health care costs.
As an HR professional, you deal with the consequences of healthinsurance illiteracy every day: Employees make poor choices based on incomplete knowledge or false assumptions, increasing frustration and driving up costs for your entire organization. Related: HealthInsurance Key Terms, Explained.
Examples include online or telephone ordering, and may be provided through a pharmacy or retailer, the plan or healthinsurance issuer directly, or any other entity on behalf of the plan. Reasonable shipping costs related to the OTC COVID-19 tests must be covered by the plan or issuer.
Educate employees on how to use these funds for current and future healthcare expenses. Health savings accounts can be a good deal for employees. But there’s a great chance that if you offer a high deductible health plan with an HSA, your employees aren’t crystal clear on the benefits of the health savings account.
I’m here to tell you a secret: Even if you make under $30,000 a year, you can still have money for your company’s healthinsurance plan and for a plan that can save you on taxes. Like a Health Savings Account or a FlexibleSpendingAccount ). Start with an honest assessment.
A common notion amongst many employees as well as employers is that health and wellness stipends are insurance policies that are bought by the employer for the employees. Putting that aside, however, here are a few perks you can offer in the name of smart healthcare to your employees. No, that’s not the case.
Benefits platforms also allow companies to centralize and automate the administration of employee benefits, such as healthinsurance, retirement plans, paid time off, and more. Flexibility in Benefits: An employee benefits platform can provide greater flexibility in the benefits employers can offer their employees.
However, there are branches of medical insurance that have not always been included in benefits offerings, which include the following Vision Insurance: Insurance designed to help your employees cover and budget for ongoing vision care expenses like routine eye exams, prescription glasses, and contact lenses.
Healthcare Benefits: Comprehensive medical, dental, and vision insurance plans The healthcare benefits in the United States are undeniably one of employees' most critical and sought-after perks. Comprehensive medical, dental, and vision insurance plans offer peace of mind. percent and 36.1 percent, respectively.
By leveraging employee benefits such as health savings accounts (HSAs) , flexiblespendingaccounts (FSAs) , lifestyle spendingaccounts (LSAs) , and wellness programs , employers can help their workforce prioritize heart health all year long.
Flexiblespendingaccounts (FSAs) allow your employees to use pre-tax dollars to cover eligible out-of-pocket healthcare expenses, providing a tax-efficient way to manage medical costs. Employees must be eligible for your companys healthinsurance plan to participate in an FSA.
You grasp how enrolling in an HSA coupled with a high-deductible health plan (HDHP) can be an affordable and effective healthcare strategy for employees of all ages and health situations. Furthermore, you know that increased HSA/HDHP enrollment can lower company-wide healthcarespending.
Additionally, research indicates that 88% of job seekers give "some consideration" or "heavy consideration" to better health, dental, and vision insurance benefits when choosing between a high-paying job and a lower-paying job with better benefits.
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