Remove Flexible Spending Remove Health Savings Account Remove Hospitality
article thumbnail

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

WEX Inc.

You must be enrolled in an HDHP to be eligible to participate in a health savings account (HSA). PPOs are a common type of traditional health plan. Traditional Health Plan Calculator , which lets you input your annual doctor visit and prescription expenses to see the plan that’s right for you. What’s a PPO?

article thumbnail

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

Insperity

First and second time group health insurance buyers usually miss the opportunity to buy a health savings account (HSA)-qualified high-deductible health plan (HDHP). Health Savings Accounts. Instead, HSA money belongs to the employee and remains in the account until used.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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

InterWest Insurance Services

Study findings The trend of more Gen Z workers gravitating to HDHPs makes sense, since these plans are best suited for younger individuals who are generally healthier and have fewer health problems than their older counterparts — Gen Xers and Baby Boomers. Despite the increase, employees are still facing higher premium outlays.

article thumbnail

Utilizing Pre-Tax Benefits to Prioritize Health in 2023

Benefit Resource Inc.

Taking advantage of pre-tax benefits offered through work will help increase your financial security while providing peace of mind knowing that you are taking proactive steps towards prioritizing your health this year. Take Advantage of a Medical FSA. That’s more money in your pocket! Maximize Your HSA.

article thumbnail

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.

article thumbnail

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

Insperity

First and second time group health insurance buyers usually miss the opportunity to buy a health savings account (HSA)-qualified high-deductible health plan (HDHP). Health Savings Accounts. Instead, HSA money belongs to the employee and remains in the account until used.

article thumbnail

My Life in Benefits Age 45: Mammogram Screening

Benefit Resource Inc.

Thankfully, she was able to pay through our Health Savings Account (HSA) with her benefits card. If needed, our pre-tax health account would cover additional diagnostic tests, as well as hospital services, lab fees, and mastectomy-related special bras. What to do next.