InterWest Insurance Services

DECEMBER 5, 2024

The above will be added to the other preventive care expenditures that health plans are required to cover under the ACA. Under notice 2024-71, flexible spending arrangements, health reimbursement accounts and health savings accounts will be required to reimburse for the cost of condoms.

Out of Pocket Cost 97

Out of Pocket Cost Health Savings Account Deductions Deductible 97

WEX Inc.

NOVEMBER 21, 2024

From pet insurance to identity theft protection, these benefits allow employees to pick and choose coverage that supports their specific needs, enhancing overall employee satisfaction. Employers leveraging data-driven platforms to offer customized options will stand out regarding employee recruitment and retention.

Employee Benefits 104

Employee Benefits 401(k) Employment Health Savings Account 104

Money Talk

JUNE 28, 2023

Consider completing the paperwork needed to save more money from July to December in your employer’s tax-deferred retirement savings plan. Even 1% more of pay in savings adds up over time. Health Savings Account (HSA) Tweak - By mid-year, you know what you already spent for health care services through June.

Flexible Spending Account 242

Flexible Spending Account Banking Health Savings Account Taxes 242

PeopleKeep

JULY 10, 2024

Health savings accounts (HSAs) and traditional health insurance plans are two common options for managing healthcare expenses, but they have some key differences. In this article, we'll go over how HSAs and health insurance compare.

Health Insurance 95

Health Insurance Insurance Health Savings Account Healthcare 95

InterWest Insurance Services

JANUARY 17, 2023

How Medicare eligibility affects health savings accounts. Discontinuing group health coverage. If you decide to keep them on the company’s plan, how you handle their insurance depends on your size: Fewer than 20 employees — Employees who work for these firms will need to enroll in Medicare when they turn 65.

Health Insurance 97

Health Insurance Insurance Health Savings Account Hospitality 97

Benefit Resource Inc.

DECEMBER 21, 2022

Health savings accounts (HSAs) allow employees to save and build wealth for future medical costs. Employers should also consider offering incentives such as matching contributions or discounted premiums on health insurance plans if employees choose to use an HSA instead of a traditional health care plan.

Health Savings Account 52

Health Savings Account Taxes Medical Health Insurance 52

InterWest Insurance Services

SEPTEMBER 9, 2022

Even though the majority of workers receive health insurance coverage on the job, a new survey has found that many of them understand surprisingly little about their health plans and are leaving money on the table. Most health plans do not cover out-of-network care. Despite that, 23% chose the higher premium plan anyway.

Health Insurance 98

Health Insurance Insurance Deductions Deductible 98

InterWest Insurance Services

APRIL 27, 2022

Surprise bills and billing errors are driving growing dissatisfaction among Millennials and Gen Zers with their health insurance, a new study has found. Already facing outsized medical cost hits, an increase in billing mistakes and surprise bills is contributing to a dim view of health insurance among Millennials and Gen Zers.

Health Insurance 98

Health Insurance Insurance Health Savings Account Deductions 98

InterWest Insurance Services

APRIL 27, 2023

A new report has found that small businesses that purchase their group health insurance online or through payroll vendors saw the largest premium hikes in 2022, significantly higher than those that went through brokers. Coverage can often be configured to be compatible with HDHPs using health savings accounts.

Health Insurance 98

Health Insurance Insurance Out of Pocket Cost Deductions 98

Benefit Resource Inc.

FEBRUARY 23, 2023

Health Savings Accounts (HSAs) are tax-advantaged accounts that allow you to pay for medical expenses now and in the future. Whether you already have an HSA or are looking at this account for the first time, BRI is here to share why we love this account so much. HSAs Are Not Use-It-Or-Lose.

Health Savings Account 52

Health Savings Account 401(k) Retirement Plan Taxes 52

InterWest Insurance Services

JULY 6, 2023

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. Most large health carriers have adopted some form of telemedicine by either contracting with a tech provider to manage the interface or by purchasing a tech platform.

Insurance 95

Insurance Out of Pocket Cost Hospitality Health Savings Account 95

WEX Inc.

JULY 24, 2024

These communication tactics can be especially useful if you’re updating major health insurance options, like switching to a high-deductible health plan (HDHP) or adding a health savings account (HSA) and want to measure the outcomes of these changes.

Health Savings Account 59

Health Savings Account Taxes Health Insurance Consulting 59

WEX Inc.

SEPTEMBER 18, 2024

When approaching open enrollment, do … Evaluate available health insurance plans. Increasingly, employers are offering their employees both HSA-eligible health plans (or high-deductible health plans ) and traditional health plans.

401(k) 52

401(k) Health Savings Account Flexible Spending Account Healthcare 52

CorpStrat

DECEMBER 4, 2024

Pairing high-deductible health plans (HDHPs) with Health Savings Accounts (HSAs) or adding wellness programs can help employees offset costs while staying engaged in their health. Consider Long-Term Care Insurance As caregiving demands increase, long-term care insurance is becoming a must-have benefit.

Employee Benefits 52

Employee Benefits Employment Disability Insurance Health Savings Account 52

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. Health Savings Accounts.

Health Insurance 87

Health Insurance Insurance Out of Pocket Cost Health Savings Account 87

PeopleKeep

OCTOBER 15, 2020

The primary options for companies looking to supplement their group health insurance plan are Section 105 plans , commonly known as group coverage HRAs (GCHRAs), and Section 125 plans , also known as cafeteria plans, which include health savings accounts (HSAs). How a group coverage HRA and HSA compare.

Health Savings Account 98

Health Savings Account Health Insurance Insurance 98

Insperity

NOVEMBER 26, 2024

Standard” benefits may include: Health, dental and vision insurance Retirement savings plan, with a company match Life insurance Disability insurance Workers’ compensation insurance Paid time off (PTO) – two weeks per year at a minimum, three weeks per year preferred.

Employee Benefits 72

Employee Benefits Family and Medical Leave Act PTO Flexible Spending Account 72

PeopleKeep

OCTOBER 4, 2021

As more employers move away from group health insurance plans, more married couples have begun maintaining separate individual health insurance coverage. If you and your spouse each have HSA-eligible insurance coverage, and you both plan on contributing to your HSAs, you must have separate accounts.

Health Savings Account 98

Health Savings Account Health Insurance Deductions Deductible 98

WEX Inc.

SEPTEMBER 24, 2024

Just like humans, pets can face unexpected health issues or accidents that may require veterinary attention. When asked what benefit they’d like to learn more about, pet insurance received the third-most responses. LSAs Lifestyle spending accounts (LSAs) can be customized by you to cover your employees’ pet-related expenses.

Recruitment 52

Recruitment Flexible Spending Account Health Savings Account Medical 52

Money Talk

AUGUST 3, 2022

They include 529 college savings plans, flexible spending accounts (FSAs), tax-deferred annuities, and health savings accounts (HSAs) for people with high-deductible health insurance plans. Bottom Line: tax-efficient investment strategies allow investors to retain more of their investment earnings.

Taxes 189

Taxes 401(k) Flexible Spending Account Deductions 189

HR Lineup

SEPTEMBER 19, 2021

This includes providing the best medical insurance for patients to fully benefit from various health centers. Whether you run a small or large healthcare insurance firm, there is a tool here for you. Humana Inc is a health insurance firm operating in different retail, healthcare, and group and specialty sections.

Healthcare 130

Healthcare Software Medical Health Savings Account 130

HR Lineup

FEBRUARY 13, 2023

USI is a leading insurance brokerage and consulting firm that specializes in employee benefits. USI’s benefits offerings include a comprehensive suite of health insurance options, including medical, dental, and vision insurance.

Employee Benefits 130

Employee Benefits Flexible Spending Account Disability Insurance Health Savings Account 130

HR Lineup

MAY 11, 2023

Employers can choose from a range of pre-tax benefits, including health insurance, dental insurance, vision insurance, and other types of benefits. The PeopleKeep platform offers customizable benefits solutions for businesses of all sizes. One of the key features of PeopleKeep is its ease of use.

Flexible Spending Account 130

Flexible Spending Account Health Savings Account Benefits Package Flexible Spending 130

WEX Inc.

SEPTEMBER 4, 2024

Whether you’re transitioning from your parents’ insurance, landed your first full-time job, or are simply obtaining coverage for the first time, choosing health plans and employee benefits options can be overwhelming. However, your eligibility for either account can be influenced by the health plan you choose.

Deductions 52

Deductions Deductible Flexible Spending Account Healthcare 52

PeopleKeep

MARCH 28, 2022

When evaluating employee health insurance options, it’s easy to confuse different health plans with one another. Two commonly mixed-up health benefits are the health reimbursement arrangement (HRA) and the health savings account (HSA).

Health Savings Account 98

Health Savings Account Health Insurance Insurance Employment 98

Best Money Moves

OCTOBER 22, 2024

According to the 2023-2024 Aflac WorkForces Report, 50% of workers report anxiety about out-of-pocket health care expenses, even beyond what insurance covers. Furthermore, 51% of employees would need to dip into their savings or checking accounts for unexpected medical bills.

Out of Pocket Cost 59

Out of Pocket Cost Healthcare Health Savings Account Medical 59

WEX Inc.

MAY 2, 2024

Health reimbursement arrangements (HRAs) and health savings accounts (HSAs) are great tools for you and your employees to save money, and for your employees to prepare for potential medical expenses. For employers, HRAs or HSAs come with perks, including tax savings and increased employee retention.

Health Savings Account 98

Health Savings Account 401(k) Flexible Spending Account Taxes 98

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.

Deductions 98

Deductions Deductible Out of Pocket Cost Health Savings Account 98

InterWest Insurance Services

NOVEMBER 10, 2022

These workers are likely going uncovered for their health insurance and risk serious outlays if they have to see a doctor or go to the emergency room. They also miss out on preventative services that insurers are required to provide without cost-sharing and that can help them maintain their health.

401(k) 97

401(k) Health Savings Account Health Insurance Insurance 97

InterWest Insurance Services

AUGUST 5, 2022

The biggest concern among employers is the increasing costs that employees have to shoulder for their health benefits. Employers are starting to realize that a high-deductible health plan with an attached health savings account is not a good fit for all of their employees. workers with more medical debt.

Health Insurance 98

Health Insurance Insurance Deductions Deductible 98

InterWest Insurance Services

OCTOBER 17, 2024

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. 51% said that high health care costs were having a major or significant impact on their ability to save for retirement.

Out of Pocket Cost 98

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

InterWest Insurance Services

FEBRUARY 11, 2024

June 18, 2024 12:00 PM – 1:00 PM JOIN US: InterWest is a proud sponsor of Summit Employee Benefits Online education. In partnership, we are offering access to the upcoming complimentary webinar. SESSION DETAILS: As more and more employers offer at least one HDHP option, employers play a role in educating their employees about HSAs.

Health Savings Account 52

Health Savings Account Education Employee Benefits Employment 52

BerniePortal

DECEMBER 20, 2021

Of course, not all medical expenses are covered by an individual’s health insurance plan. A health savings account is an excellent employee benefit to accompany a high-deductible health plan, and account-holders should be encouraged to take advantage of these tax-free funds.

Health Savings Account 96

Health Savings Account Health Insurance Deductions Deductible 96

InterWest Insurance Services

JULY 4, 2024

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. Across generations, higher-salaried individuals choose HDHPs over traditional plans.

Voluntary Benefits 97

Voluntary Benefits Flexible Spending Account Deductions Deductible 97

PeopleKeep

DECEMBER 14, 2020

Health savings accounts (HSAs) have been around since 2003, but many people remain unfamiliar with them. An HSA allows an individual to use untaxed savings to pay their own individual health insurance costs as well as out-of-pocket expenses for group health plans.

Health Savings Account 92

Health Savings Account Health Insurance Insurance Employment 92

InterWest Insurance Services

MAY 16, 2024

After enrollment in high-deductible health plans soared during the last decade, 2022 marked the first year that enrollment in these plans fell among American workers since 2013, according to a new report by ValuePenguin. The insurance-review website found that 54% of U.S. workers signed up for HDHPs in 2022, compared to 56% in 2021.

401(k) 98

401(k) Deductions Deductible Health Savings Account 98

PeopleKeep

MAY 20, 2021

As healthcare costs continue to rise , small employers need a way to offer their employees a competitive health benefit to compete with larger organizations while still managing a limited budget.

Flexible Spending Account 98

Flexible Spending Account Health Savings Account Flexible Spending Healthcare 98