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3 in 4 Workers Would Accept Lower-Pay for Better Benefits: Survey

InterWest Insurance Services

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.

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How HRAs Can Help Your Employees Pay for Medical Expenses

InterWest Insurance Services

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. It generally reimburses out-of-pocket medical expenses. Vision expenses. Qualified medical expenses. How HRAs work.

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Little-Known Things to Consider When Shopping for Group Health Insurance

Insperity

HDHPs are health insurance plans with lower premiums and higher deductibles and out-of-pocket maximums than traditional health plans. Yet, many first-time group health insurance buyers shy away from these plans and opt to offer a low deductible plan because it minimizes out-of-pocket costs for their employees.

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FSA eligible expenses — what purchases count?

Business Management Daily

While flexible spending accounts are typically associated with medical costs there are a couple of different types of FSAs. This allows you to use pre-tax dollars to cover copays, out-of-pocket medical, vision, or dental expenses, and purchase eligible health care products. Healthcare FSA. This includes Lasik.

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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. It’s envisioned that these stand-alone telehealth benefits would operate similarly to dental and vision benefits, remaining separate from health care plans.

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16+ types of employee benefits you should consider

Genesis HR Solutions

Vision Insurance. Vision insurance is designed to help your employees cover and budget for ongoing vision care expenses like routine eye exams, prescription glasses, and contact lenses. Accident insurance helps employees pay for the medical and out-of-pocket costs that you may incur after an accidental injury.

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What Harry and Meghan’s story could have looked like

Benefit Resource Inc.

They were able to go on the honeymoon knowing that if anything happened and the new family plan couldn’t cover it, they would be able to pay for out-of-pocket costs with their HSA for two. The Limited FSA will cover their out-of-pocket expenses for vision and dental. Wedded bliss and a bundle of joy.