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Why your integrated HRA shouldn't be tied to one carrier

PeopleKeep

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).

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6 tips to help employees manage out-of-pocket expenses

Benefit Resource Inc.

Employees have a better chance of managing out-of-pocket spending when they understand how their out of pocket expenses can be reduced and what type of savings will come along with that. To help you get started, here are 6 tips to help employees manage their out-of-pocket expenses.

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Flood insurance: Is your home protected?

Higginbotham

Flood Damage While flood insurance is an important part of being prepared for the worst, it’s often misunderstood and overlooked by homeowners, who might assume that floods are included in their homeowners’ policy as a kind of water damage. Construction: The type of construction and materials used in your home can affect insurance rates.

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Baby Health Insurance Playbook: 5 Steps to Plan for a Newborn

Corporate Synergies

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. Help employees anticipate childcare needs.

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Benefits Advocate: The Secret to Healthcare Literacy and Cost Control

Corporate Synergies

Rather than reaching out to an insurance carrier first, whose issue resolution success is measured based on the call time, employees contact their benefits advocate. This expert is trained to answer questions, deal with insurance claims and support employees on their medical journey.

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How Health Care Reform Helps People and Small Businesses Pay for Coverage

Insperity

So we’ve got premiums under control, but what about deductibles, copayments and other out-of-pocket costs? Cost-sharing subsidies help individuals and families reduce out-of-pocket medical expenses by raising the actuarial value of the aforementioned silver-level plan from 70 percent to as high as 94 percent.

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How Your Employees Can Get Free COVID Test Kits

InterWest Insurance Services

But for employees in your group health plan, they have many options for obtaining a test with no out-of-pocket costs. Under an executive order issued by President Biden, employees in a group health plan are eligible to receive COVID-19 at-home test kits with no cost-sharing, copay, coinsurance or deductible.