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HDHP vs. PPO: Choose the health plan that’s right for you

WEX Inc.

Healthcare.gov defines a PPO as “a type of health plan that contracts with medical providers, such as hospitals and doctors, to create a network of participating providers.” What’s a PPO? PPOs are a common type of traditional health plan. Traditional plan PPOs typically have higher premiums and lower deductibles than HDHPs.

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Gen Z Workers Go for HDHPs, but Don’t Forget Your Other Employees

InterWest Insurance Services

Participation in HSAs and flexible spending accounts fell 20% from 2022 to 2024, indicating that employers are not doing enough to educate their staff about these tax-advantaged accounts. They include: Accident insurance Critical illness/specified disease insurance, and Hospital indemnity insurance.

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Addressing Employee Financial Wellness in an Era of Extreme Financial Stress

Griffin Benefits

Health Savings Accounts, Flexible Spending Accounts, and supplemental medical plans like accident, critical illness, and hospital indemnity insurance can be critical to help pay for out-of-pocket medical costs.

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Utilizing Pre-Tax Benefits to Prioritize Health in 2023

Benefit Resource Inc.

With a Flexible Spending Account (FSA), you can set aside up to $3,050 in pre-tax dollars per calendar year to pay for eligible medical expenses like doctor visits, hospitalizations, and prescription medications. Take Advantage of a Medical FSA.

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5 ways you can help employees get the most from their benefits

Insperity

You might also think about providing blood pressure screening (a local hospital may be able to provide this at little to no cost) or a raffle for fitness equipment or dinner at a nice restaurant. How does a flexible spending account work? Consider offering lunch or snacks.

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

Insperity

An HSA is not the same as a flexible spending account (FSA), which is an employer-sponsored plan and requires employees to use or lose their contributions each year. Instead, HSA money belongs to the employee and remains in the account until used. The network doesn’t include your old doctor or hospital.

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Finding the sweet spot for your FSA election

Benefit Resource Inc.

If you have a Flexible Spending Account (FSA), you know that every year during Open Enrollment (OE), you choose how much to put aside in the account, otherwise known as your election. It includes general medical expenses, hospitalization and specialist expenses, and dental and vision. Estimating Tax Savings.