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Waiving HDHP Deductibles Has Little Effect on Premiums, Study Says

InterWest Insurance Services

Employers who offer health savings account-eligible high-deductible health plans (HDHPs) to employees can significantly expand pre-deductible coverage for certain drugs used to manage chronic conditions — with only a tiny effect on premiums. Cost of temporary workers. Overtime costs. Absenteeism.

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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. In addition, employer contributions to an HSA can keep out-of-pocket costs reasonable for employees.

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Budgeting and Prepping for Open Enrollment

InterWest Insurance Services

Understand your options Familiarize yourself with the various options that you have: Health maintenance organizations – HMOs are typically the least expensive plans because they require enrollees to visit their personal physicians and tightly controlled in-network doctors. Going out of network is discouraged with high out-of-pocket costs.

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Budgeting and Prepping for Open Enrollment

InterWest Insurance Services

Understand your options Familiarize yourself with the various options that you have: Health maintenance organizations – HMOs are typically the least expensive plans because they require enrollees to visit their personal physicians and tightly controlled in-network doctors. Going out of network is discouraged with high out-of-pocket costs.

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More Insurers Pushing Virtual Care for Cost Savings

InterWest Insurance Services

More and more insurers are expanding the use of telemedicine, just as a new study shows promising cost savings of up to 25% from virtual care when implemented properly. Average per-visit costs in the telemedicine program were $380, compared to $439 for in-person primary care offices, emergency departments or urgent care clinics costs.

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16+ types of employee benefits you should consider

Genesis HR Solutions

It covers things including hospital and doctor visits, surgeries, and prescriptions. Employees don’t pay taxes on this money, which means they save an amount equal to the taxes they would have paid on the money you set aside. Health Savings Account (HSA). Hospital Insurance. Medical Insurance. UHC.com ).

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What is an HDHP?

WEX Inc.

The remaining portion, known as coinsurance, becomes your responsibility until you reach your out-of-pocket maximum. This can include: Basic medical services Hospital visits Emergency services Mental health services And more Key features of HDHPs High deductibles As the name suggests, HDHPs come with a high deductible.