WEX Inc.
NOVEMBER 27, 2024
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.
InterWest Insurance Services
JULY 4, 2024
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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Benefit Resource Inc.
DECEMBER 9, 2019
One would think that certain items would ALWAYS be considered eligible, such as a hospital bill. It’s a hospital. There are a couple of reasons that doesn’t entirely hold up: Not all procedures completed at the hospital are eligible! But, think about it this way: You can go to the hospital for a cosmetic surgery.
Benefit Resource Inc.
JANUARY 3, 2023
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.
Insperity
MAY 13, 2015
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. The network doesn’t include your old doctor or hospital. Earnings to an HSA from interest and investments are tax-free.
Griffin Benefits
MARCH 16, 2022
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. Review what services are already offered and build a strategy to increase employee engagement with them. ??
Insperity
OCTOBER 31, 2017
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. What does their short-term disability insurance cover?
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