InterWest Insurance Services

JANUARY 26, 2022

It stressed two main points: High deductibles — The report found one of the main drivers of stress was high deductibles and other out-of-pocket costs. That highlights the need for employees to set aside funds for health care expenses through health savings accounts, flexible spending accounts and health reimbursement accounts.

Out of Pocket Cost 98

Out of Pocket Cost Deductible Deductions Flexible Spending Account 98

Insperity

OCTOBER 31, 2017

Be sure to provide each new hire with: A detailed, printed overview of available benefits and out-of-pocket costs, if any. Help employees truly understand their out-of-pocket costs. In printed materials and other communication, explain the impact of benefits on your employees’ salary.

Out of Pocket Cost 84

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

Higginbotham

JULY 12, 2022

Even with health insurance, dental insurance and vision insurance, employees tend to end up with some out-of-pocket costs that aren’t covered by their various plans. A benefit reimbursement plan offers a way to cover these costs. Integrated health reimbursement arrangements are designed to work with the group health plan.

Out of Pocket Cost 52

Out of Pocket Cost Flexible Spending Account Medical Deductible 52

Higginbotham

OCTOBER 14, 2022

This can be done through salary and wages, but it can also be done through benefits, and the latter can be better in some ways. Gallup says that the cost of replacing an employee can range from one-and-a-half to two-times the employee’s annual salary. This can leave workers with many out-of-pocket costs.

Employee Benefits 52

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

Higginbotham

JANUARY 27, 2023

It might even matter more than salary. Glassdoor surveyed workers and found that when choosing between a high-paying job and a low-paying job with better benefits, health insurance and flexible hours could spur them to pick the lower-paying job with better benefits. Your average annual employee salary is around $56,000 or less.

Health Insurance 52

Health Insurance Insurance Benefits Package Out of Pocket Cost 52