Money Talk

JUNE 29, 2022

Among the culprits: climate change, higher costs for labor and supplies to repair houses and cars, and higher out-of-pocket costs for employer-provided health insurance. Now is a good time to explore money-saving strategies to reduce insurance costs.

401(k) 189

401(k) Out of Pocket Cost Finance Flexible Spending Account 189

CorpStrat

APRIL 30, 2025

But heres the hidden truth: tariffs may quietly drive up the cost of employer-sponsored health benefits, affecting your bottom line and your ability to attract and retain talent. How Do Tariffs Connect to Health Insurance? Insurance companies and Medicare may be forced to raise premiums to cover these higher payouts.

Pharmaceutical 52

Pharmaceutical Out of Pocket Cost Insurance Carriers Employment 52

InterWest Insurance Services

OCTOBER 17, 2024

A new study has found three out of four U.S. workers would accept a job with a slightly lower salary if it offered better health care and medical coverage. The main driver in workers prioritizing benefits is the rapidly rising cost of group health insurance premiums and out-of-pocket costs, according to the study by Voya Financial.

Out of Pocket Cost 98

Out of Pocket Cost Voluntary Benefits Health Insurance Health Savings Account 98

WEX Inc.

OCTOBER 17, 2024

The ACA in particular, introduced a fundamental change to the rules governing how employers offer health insurance. However, Byrd said that despite these changes, the percentage of working-age Americans receiving health insurance through their employer has remained relatively stable over time.

Employee Benefits 59

Employee Benefits Flexible Spending Account Health Savings Account Out of Pocket Cost 59

PeopleKeep

FEBRUARY 16, 2022

There are many factors to consider when it comes to selecting health insurance. One of the biggest factors is how high your out-of-pocket costs will be. However, premium costs and deductibles are inversely related, so a plan with no or low deductibles means higher premiums.

Deductible 98

Deductible Deductions Out of Pocket Cost Health Insurance 98

Higginbotham

MARCH 24, 2025

If you have qualified employer-sponsored health insurance, you may want to delay Medicare enrollment past age 65. However, you can still use the funds that are already in your HSA to pay for qualified medical expenses, including Medicare premiums, deductibles, copayments and certain out-of-pocket costs.

Health Savings Account 52

Health Savings Account Out of Pocket Cost Deductions Deductible 52

PeopleKeep

JANUARY 18, 2022

For many employers offering a group health insurance plan, adding a supplemental benefit in addition to the group plan can help offset your employees’ out-of-pocket costs. One way to supplement your group health insurance plan is through an integrated HRA, also known as a group coverage HRA (GCHRA).

Out of Pocket Cost 98

Out of Pocket Cost Insurance Carriers Health Insurance Deductions 98

Best Money Moves

NOVEMBER 4, 2020

Managing employee healthcare costs in 2021. What the average health insurance premium costs and changes employers are making to health benefits offerings in the new year. Managing Out-of-Pocket Costs in 2021.

Healthcare 111

Healthcare Out of Pocket Cost Voluntary Benefits Management 111

InterWest Insurance Services

MAY 18, 2023

But satisfaction greatly increases when HDHP enrollees stick with their plan for more than three years, according to the Employee Benefit Research Institute (EBRI)/Greenwald Research “Consumer Engagement in Health Care Survey.” If enrolled three or more years, 55% were satisfied.

Out of Pocket Cost 98

Out of Pocket Cost Health Savings Account Deductions Deductible 98

InterWest Insurance Services

AUGUST 1, 2023

If you are running a business, you need to get an early start on preparations for your small group health plan open enrollment, particularly now as so much confusion abounds about the state of health insurance in the country. Going out of network is discouraged with high out-of-pocket costs.

Family and Medical Leave Act 98

Family and Medical Leave Act Out of Pocket Cost Deductions Deductible 98

InterWest Insurance Services

AUGUST 22, 2023

If you are running a business, you need to get an early start on preparations for your small group health plan open enrollment, particularly now as so much confusion abounds about the state of health insurance in the country. Going out of network is discouraged with high out-of-pocket costs.

Family and Medical Leave Act 98

Family and Medical Leave Act Out of Pocket Cost Deductions Deductible 98

InterWest Insurance Services

AUGUST 15, 2024

It’s also important that they understand how much of a certain drug their health plan will cover and what their estimated out-of-pocket costs will be, so that they can budget accordingly. Formularies explained The list of drugs that an insurance plan will cover or pay for is called a formulary.

Out of Pocket Cost 98

Out of Pocket Cost Pharmaceutical Deductions Deductible 98

Insperity

OCTOBER 31, 2017

From employer-sponsored health insurance to retirement savings plans, an attractive benefits package can help you hire the best employees and ensure you retain them for many years to come. Be sure to provide each new hire with: A detailed, printed overview of available benefits and out-of-pocket costs, if any.

Out of Pocket Cost 85

Out of Pocket Cost Disability Insurance Health Insurance Flexible Spending Account 85

InterWest Insurance Services

FEBRUARY 20, 2024

With more than half of all private sector employees enrolled in high-deductible health plans , it’s important that employers have in place certain protocols to ensure that they are a success. Providers in an insurer’s network may charge vastly different rates for the same procedure.

Deductible 98

Deductible Deductions Out of Pocket Cost Health Savings Account 98

Best Money Moves

MAY 22, 2019

Health Insurance was the benefit millennials felt would most help them achieve their financial goals. Research by the West Health Institute/NORC at the University of Chicago found more than 40 percent of Americans didn’t see a physician when they were sick or injured because of high healthcare costs.

401(k) 97

401(k) Out of Pocket Cost Health Insurance Paid Leave 97

InterWest Insurance Services

JANUARY 27, 2023

Even if you are providing them with a robust plan, there are often out-of-pocket cost-sharing and deductibles to contend with. For employees in high-deductible health plans, the costs can be steep. Many preventative services are covered with no out-of-pocket cost-sharing, but checkups usually are not.

Out of Pocket Cost 98

Out of Pocket Cost 401(k) Deductions Deductible 98

InterWest Insurance Services

MARCH 4, 2022

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.

Medical 98

Medical Health Insurance Out of Pocket Cost Deductions 98

InterWest Insurance Services

OCTOBER 6, 2022

Most importantly, you want to reach those employees who didn’t sign up last year and stress the importance of health insurance. They may look at a low premium without considering the cost on the back end in terms of a higher deductible and/or other out-of-pocket expenses.

Out of Pocket Cost 96

Out of Pocket Cost Deductions Deductible Health Insurance 96

InterWest Insurance Services

AUGUST 29, 2024

As health insurance costs are rising at their fastest level in nearly 20 years, it’s important to have a clear idea of which metrics to track to ensure you’re seeing a good return on investment and that your employees are satisfied with their health plan.

Out of Pocket Cost 98

Out of Pocket Cost Health Insurance Insurance Utilities 98

InterWest Insurance Services

MARCH 16, 2023

The poll of 26 health benefits decision-makers at large firms, carried out by The Commonwealth Fund and the Employee Benefits Research Institute (EBRI), found that despite rising premium and health care costs, they felt obligated to offer health insurance instead of shunting employees to exchanges.

Health Insurance 98

Health Insurance Employment Out of Pocket Cost Health Savings Account 98

InterWest Insurance Services

DECEMBER 28, 2021

But if you have an 80-20 plan, your worker is still responsible for her deductible (averaging over $1,600), plus 20% of that cost, or over $6,000. That leaves your worker exposed to a total out-of-pocket cost of over $7,600. even for people with health insurance. Little or no cost to the employer.

Voluntary Benefits 98

Voluntary Benefits Hospitality Insurance Out of Pocket Cost 98

InterWest Insurance Services

JUNE 16, 2022

More employers are including narrow provider network insurance plans among their plan offerings to their employees to give them a lower-cost premium option. Narrow provider networks limit the number of covered providers included in health insurance plans. There is no limit if your employee goes out of network.

Employment 98

Employment Out of Pocket Cost Health Insurance Insurance 98

InterWest Insurance Services

JANUARY 5, 2023

Despite group health insurance costs expected to rise 5.4% this year, the tight labor market is forcing employers to prioritize enhancing benefits over cost-cutting measures, according to a new report by Mercer. The expected health insurance cost growth of 5.4% What employers are doing.

Out of Pocket Cost 92

Out of Pocket Cost Employment Health Insurance Deductions 92

InterWest Insurance Services

JULY 13, 2023

Employers who were surveyed for a new report expected that group health insurance premiums would increase 5.4% this year and at a faster clip in 2024 as inflation hits medical costs. 24% said they would up employee cost-sharing, but by less than the projected increase. copay plan).

Employment 98

Employment Out of Pocket Cost Health Insurance Health Savings Account 98

InterWest Insurance Services

MAY 25, 2022

A new survey has found that managing health care costs and expanding mental health benefits will be a top priority for U.S. Dealing with rising costs. In light of continuing rising health insurance costs, 94% of employers surveyed said they are redoubling their efforts to make benefits more affordable for their workers.

Employment 97

Employment Out of Pocket Cost Health Insurance Insurance 97

InterWest Insurance Services

SEPTEMBER 23, 2022

But the costs of coverage can be daunting and many employers worry about whether they can afford benefits programs and struggle to set a budget that won’t deplete or severely dent their profits. Typically, the most expensive and most important benefit is health insurance. Don’t game the system. Getting it right.

Health Insurance 98

Health Insurance Out of Pocket Cost Insurance Paid Leave 98

Insperity

MAY 13, 2015

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.

Health Insurance 43

Health Insurance Insurance Out of Pocket Cost Health Savings Account 43

InterWest Insurance Services

JANUARY 18, 2024

With more than half of all private sector employees enrolled in high-deductible health plans , it’s important that employers have in place certain protocols to ensure that they are a success. Providers in an insurer’s network may charge vastly different rates for the same procedure.

Out of Pocket Cost 83

Out of Pocket Cost Deductions Deductible Voluntary Benefits 83

InterWest Insurance Services

JUNE 2, 2023

Employers offer flexible savings accounts and health savings accounts to their employees so they can build up funds with pre-tax dollars to pay for health care and related expenses.

Out of Pocket Cost 98

Out of Pocket Cost Health Savings Account Medical Health Insurance 98

InterWest Insurance Services

JUNE 22, 2023

Finally, Sanofi two days later announced that it would cap the out-of-pocket cost of its most popular insulin, Lantus, at $35 per month for people with private insurance. In the small group market, the median cost health plan enrollees pay is $54 per month, while one-quarter pay $83.

Insurance 95

Insurance Out of Pocket Cost Pharmaceutical Deductions 95

InterWest Insurance Services

MARCH 15, 2022

It’s no secret that most employees do not fully understand all of their health insurance benefits, which can lead to worse health outcomes and them spending more money than they need to for some medical procedures. Overtreatment and unnecessary treatments can lead to worse health outcomes and higher out-of-pocket costs.

Out of Pocket Cost 98

Out of Pocket Cost Health Savings Account Health Insurance Medical 98

Best Money Moves

JUNE 1, 2022

This assistance can come in many forms such as covering the cost of health insurance or assisted savings programs. Health care costs can often drag behind increases in consumer prices, so employees may face an increase in costs that will last throughout this year and next.

401(k) 115

401(k) Out of Pocket Cost Benefits Package Finance 115

InterWest Insurance Services

MAY 4, 2023

Most health insurers plan to continue offering free preventative care services despite a federal judge having imposed a nationwide injunction on an Affordable Care Act requirement that these services are covered with no out-of-pocket costs on the part of patients, according to a letter by industry trade groups.

Insurance 84

Insurance Out of Pocket Cost Insurance Carriers Health Insurance 84

Corporate Synergies

FEBRUARY 11, 2019

A new father outlines requirements with his Baby Health Insurance Playbook. The same can be said for insuring a new dependent. To plan for newborn healthcare benefits, parents need a baby health insurance playbook. Patient financial responsibility is on the rise—average out-of-pocket costs rose 11% in 2017 alone.

Health Insurance 47

Health Insurance Insurance Insurance Carriers Out of Pocket Cost 47

InterWest Insurance Services

NOVEMBER 22, 2023

According to the Centers for Disease Control, six out of every 10 American adults have at least one chronic condition, with 40% having two or more. As a result, chronic conditions play an outsized role in the cost of group health insurance. Routine immunizations. Preventive services for men and women.

Out of Pocket Cost 98

Out of Pocket Cost Education Health Insurance Insurance 98

InterWest Insurance Services

FEBRUARY 8, 2023

As health insurance and health care costs continue rising, more employers and health plans are turning to centers of excellence to manage patients with chronic conditions. The employer and/or health plan saves money by not having to shell out thousands for surgery that could have been avoided.

Out of Pocket Cost 97

Out of Pocket Cost Insurance Health Insurance Medical 97

Fringe Benefit Analysts

AUGUST 15, 2023

How Does Dental Insurance Work? Full coverage dental insurance and supplemental dental insurance are designed to reduce the overall cost of dental treatment for those paying for coverage. Is Dental Insurance Worth It? Dental insurance is worth it if you want to prepare for a dental emergency. was $128.75

Insurance 98

Insurance IT Out of Pocket Cost Health Insurance 98