Remove Flexible Spending Account Remove Health Insurance Remove Out of Pocket Cost
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What does coinsurance mean in health insurance?

Higginbotham

You’re reading your health insurance policy and come across a coinsurance clause. Here’s what you need to know about this common insurance term. This is called cost sharing, and it’s common in many types of insurance. Cost sharing helps insurance companies and policyholders achieve certain goals.

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How to offer health insurance as a small business

Higginbotham

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. However, many small employers decide to offer health insurance anyway.

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It’s Time for a Mid-Year Financial Check-Up

Money Talk

In it, I urged a review of tax deductions/credits, tax withholding, budgeting/cash flow, flexible spending accounts, financial goal progress, and investment portfolio status. Now is a good time to explore money-saving strategies to reduce insurance costs. Automated Payments Review - Payments for utilities (e.g.,

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What is a High-Deductible Health Plan (HDHP)?

Higginbotham

Are you offering your employees health insurance 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 health insurance terms to be confusing.

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How HRAs Can Help Your Employees Pay for Medical Expenses

InterWest Insurance Services

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). Qualified medical expenses.

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Little-Known Things to Consider When Shopping for Group Health Insurance

Insperity

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.

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5 Things You Didn’t Know About Your FSA

CorpStrat

Healthcare costs have risen faster than inflation. In 2023, having some money set aside to cover these out-of-pocket costs is critical for most employees. Every person has expenses that are not covered by health insurance every year. – If you have any questions, feel free to reach out.