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 83

Out of Pocket Cost Voluntary Benefits Health Insurance Health Savings Account 83

InterWest Insurance Services

FEBRUARY 20, 2024

Failing to offer a health savings account The idea behind HDHPs is that the money employees save on premium can be funneled into an attached HSA, which can be used to reimburse out-of-pocket medical expenses. The key to ensuring that the HDHP is a success in part comes down to avoiding four common mistakes.

Deductions 86

Deductions Deductible Out of Pocket Cost Health Savings Account 86

InterWest Insurance Services

JANUARY 18, 2024

Failing to offer a health savings account The idea behind HDHPs is that the money employees save on premium can be funneled into an attached HSA, which can be used to reimburse out-of-pocket medical expenses. The key to ensuring that the HDHP is a success in part comes down to avoiding four common mistakes.

Out of Pocket Cost 58

Out of Pocket Cost Deductions Deductible Voluntary Benefits 58

InterWest Insurance Services

APRIL 27, 2023

Some employers have gravitated towards HDHPs to reduce their and their employees’ overall premium spend, but these plans come at a cost: more out-of-pocket costs for workers. Plans differ and employers may choose a variety of coverage options, including varied inpatient and outpatient benefits.

Health Insurance 82

Health Insurance Insurance Out of Pocket Cost Deductions 82

Higginbotham

JANUARY 27, 2023

You can choose to pay all or part of the premium, and you can even offer some benefits, like pet insurance , on a voluntary basis so it’s available at an affordable group rate for employees to purchase if they are interested. Voluntary benefits can be offered with little to no out-of-pocket expense to the employer.

Health Insurance 52

Health Insurance Insurance Benefits Package Out of Pocket Cost 52

Corporate Synergies

FEBRUARY 11, 2019

Patient financial responsibility is on the rise—average out-of-pocket costs rose 11% in 2017 alone. 1 Many of them are still learning how to choose the right benefits each year so they get the coverage they need without overpaying or getting stuck with unexpected costs. RELATED TOPICS. Offer HDHP and HSAs?

Health Insurance 47

Health Insurance Insurance Insurance Carriers Out of Pocket Cost 47

InterWest Insurance Services

SEPTEMBER 27, 2023

Employees have a right to understand the costs they’ll be facing in each plan, including: Their share of the premium, Their deductible, Their copays or coinsurance, and Other out-of-pocket expenses. Typically, the higher the premium on a plan, the lower the employee’s out-of-pocket costs are.

Out of Pocket Cost 68

Out of Pocket Cost Flexible Spending Account Health Savings Account Health Insurance 68