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. Since 2018, individual premiums have increased by 21% while family premiums have increased by 18%.

Health Insurance 82

Health Insurance Insurance Out of Pocket Cost Deductions 82

Fringe Benefit Analysts

AUGUST 15, 2023

Without insurance, dental care can be very expensive and it may even be a barrier to accessing care. Staying on top of your oral health is actually a big part of your overall wellbeing, so having insurance to cover the cost of those bi-annual visits and basic dental treatments is essential. How Does Dental Insurance Work?

Insurance 98

Insurance IT Out of Pocket Cost Health Insurance 98

InterWest Insurance Services

JUNE 22, 2023

market, in March 2023 announced that they will cap the cost of insulin for people with private insurance plans. Finally, Sanofi two days later announced that it would cap the out-of-pocket cost of its most popular insulin, Lantus, at $35 per month for people with private insurance.

Insurance 73

Insurance Out of Pocket Cost Pharmaceutical Deductions 73

InterWest Insurance Services

AUGUST 15, 2024

As prescription drug costs continue growing and pricey new pharmaceuticals add to health plans’ cost burdens, some carriers are starting to reduce the number of medications they’ll cover and are imposing new barriers to accessing the most expensive ones.

Out of Pocket Cost 86

Out of Pocket Cost Pharmaceutical Deductions Deductible 86

Higginbotham

JUNE 28, 2024

Homeowners’ insurance can help protect your house from perils like theft or fire, but what about flood water that enters your home? Do I need flood insurance? Flood insurance isn’t a niche product for the select few; it’s a valuable safeguard for homeowners, renters and business owners across the country.

Insurance 52

Insurance Insurance Carriers Out of Pocket Cost Deductions 52

Higginbotham

OCTOBER 18, 2023

When you contact your homeowners’ insurance company, you find out that your policy doesn’t cover malfunctioning home appliances. Now you’re facing massive out-of-pocket costs. To avoid a scenario like this, consider securing home insurance for appliances. How much do home appliances cost?

Insurance 52

Insurance Out of Pocket Cost Manufacturing Architecture 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. This is good news for patients and employers, who may end up benefiting from lower plan costs, as well as lower out-of-pocket expenses for employees.

Insurance 73

Insurance Out of Pocket Cost Hospitality Health Savings Account 73

InterWest Insurance Services

DECEMBER 28, 2021

For example, even with insurance, treating a broken leg or undergoing emergency appendicitis surgery can mean thousands of dollars in out-of-pocket medical costs. Hospital indemnity insurance. That leaves your worker exposed to a total out-of-pocket cost of over $7,600. Coinsurance.

Voluntary Benefits 89

Voluntary Benefits Hospitality Insurance Out of Pocket Cost 89

InterWest Insurance Services

MAY 18, 2023

” HDHP enrollees enjoy lower up-front premium costs in exchange for higher potential out-of-pocket costs for copays, coinsurance and deductibles, and high health care users may experience significant outlays not covered by insurance. If enrolled three or more years, 55% were satisfied.

Out of Pocket Cost 95

Out of Pocket Cost Health Savings Account Deductions Deductible 95

InterWest Insurance Services

AUGUST 29, 2024

As health insurance costs are rising at their fastest level in nearly 20 years, it’s important to have a clear idea of which metrics to track to ensure you’re seeing a good return on investment and that your employees are satisfied with their health plan.

Out of Pocket Cost 94

Out of Pocket Cost Health Insurance Insurance Utilities 94

InterWest Insurance Services

FEBRUARY 20, 2024

As health insurance costs have risen, more employers have started offering their employees this option as the upfront premiums are often lower than with other plans. To do this, you can focus on a number of factors like the average age of your workers, their general health status and understanding of health care and their insurance.

Deductible 86

Deductible Deductions Out of Pocket Cost Health Savings Account 86

Higginbotham

SEPTEMBER 21, 2023

Environmental liability insurance provides important coverage for contractors, manufacturers and other businesses that have environmental-related exposures. What is an environmental liability insurance policy? Why do businesses need pollution legal liability insurance? Who needs environmental insurance?

Insurance 52

Insurance Out of Pocket Cost Manufacturing Construction 52

InterWest Insurance Services

MARCH 22, 2022

The Department of Health and Human Services has issued some new “frequently asked questions” for its Affordable Care Act pages, and new guidelines that require health plans to expand what they are required to cover with no cost-sharing. Other changes.

Out of Pocket Cost 87

Out of Pocket Cost Insurance Medical Consulting 87

InterWest Insurance Services

AUGUST 1, 2023

If you are running a business, you need to get an early start on preparations for your small group health plan open enrollment, particularly now as so much confusion abounds about the state of health insurance in the country. Going out of network is discouraged with high out-of-pocket costs.

Family and Medical Leave Act 94

Family and Medical Leave Act Out of Pocket Cost Deductions Deductible 94

InterWest Insurance Services

JANUARY 18, 2024

As health insurance costs have risen, more employers have started offering their employees this option as the upfront premiums are often lower than with other plans. To do this, you can focus on a number of factors like the average age of your workers, their general health status and understanding of health care and their insurance.

Out of Pocket Cost 58

Out of Pocket Cost Deductions Deductible Voluntary Benefits 58

InterWest Insurance Services

AUGUST 22, 2023

If you are running a business, you need to get an early start on preparations for your small group health plan open enrollment, particularly now as so much confusion abounds about the state of health insurance in the country. Going out of network is discouraged with high out-of-pocket costs.

Family and Medical Leave Act 89

Family and Medical Leave Act Out of Pocket Cost Deductions Deductible 89

InterWest Insurance Services

MAY 26, 2023

While drugmakers have been assailed for years for increasing their prices and driving the cost of medications higher and higher, there is another player in the health care space that is receiving increased scrutiny: pharmacy benefit managers. PBMs typically contract with both insurers (or self-insured employers) and pharmacies.

Out of Pocket Cost 93

Out of Pocket Cost Manufacturing Insurance Medical 93

PeopleKeep

JANUARY 18, 2022

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).

Out of Pocket Cost 90

Out of Pocket Cost Insurance Carriers Health Insurance Deductions 90

Higginbotham

JUNE 8, 2022

In some areas, increased wildfire losses have contributed to insurance challenges. Here’s a look at the farm and ranch insurance essentials for this vital industry. Livestock can also be susceptible to disease, which is why livestock insurance is essential. Farm suppliers may also face lower sales due to drought.

Insurance 52

Insurance Out of Pocket Cost Food Transportation 52

PeopleKeep

FEBRUARY 16, 2022

There are many factors to consider when it comes to selecting health insurance. One of the biggest factors is how high your out-of-pocket costs will be. One option that appeals to many employers is the zero-deductible health plan because it means the insurance company will start accepting claims from the very beginning.

Deductible 81

Deductible Deductions Out of Pocket Cost Health Insurance 81

InterWest Insurance Services

AUGUST 10, 2023

While drugmakers have been assailed for years for increasing their prices and driving the cost of medications higher and higher, there is another player in the health care space that is receiving increased scrutiny: pharmacy benefit managers. PBMs typically contract with both insurers (or self-insured employers) and pharmacies.

Out of Pocket Cost 82

Out of Pocket Cost Manufacturing Insurance Medical 82

Higginbotham

JANUARY 27, 2023

Although some small business owners may feel overwhelmed by the prospect of offering health insurance and other benefits, the many advantages can make the effort worthwhile. However, many small employers decide to offer health insurance anyway. Health insurance matters to employees. Census Bureau says that 54.3

Health Insurance 52

Health Insurance Insurance Benefits Package Out of Pocket Cost 52

Money Talk

JUNE 29, 2022

Insurance Check-Up - While stocks have trended downward so far in 2022, insurance premiums (homeowners, auto, health, etc.) Among the culprits: climate change, higher costs for labor and supplies to repair houses and cars, and higher out-of-pocket costs for employer-provided health insurance.

401(k) 246

401(k) Out of Pocket Cost Finance Flexible Spending Account 246

InterWest Insurance Services

JANUARY 27, 2023

Even if you are providing them with a robust plan, there are often out-of-pocket cost-sharing and deductibles to contend with. For employees in high-deductible health plans, the costs can be steep. Many preventative services are covered with no out-of-pocket cost-sharing, but checkups usually are not.

Out of Pocket Cost 81

Out of Pocket Cost 401(k) Deductions Deductible 81

InterWest Insurance Services

OCTOBER 20, 2022

The Centers for Medicare and Medicaid Services’ transparency rules were implemented to shine the light on what hospitals charge for their various medical services, the negotiated rates insurers have with health plans and the out-of-pocket costs enrollees can expect to pay for these services. It may get easier soon.

Hospitality 94

Hospitality Out of Pocket Cost Insurance Medical 94

Best Money Moves

NOVEMBER 4, 2020

Managing employee healthcare costs in 2021. What the average health insurance premium costs and changes employers are making to health benefits offerings in the new year. More than 20 percent of employers plan to add voluntary benefits, such as critical illness insurance or a hospital indemnity plan.

Healthcare 111

Healthcare Out of Pocket Cost Voluntary Benefits Management 111

InterWest Insurance Services

APRIL 18, 2024

Many employees can’t afford to see a doctor or counselor, even with insurance. Studies show that one in four adults skips needed care or medications due to cost. Offer mental health or sick day leave.

Out of Pocket Cost 74

Out of Pocket Cost Parental Leave Work From Home Insurance 74

InterWest Insurance Services

OCTOBER 6, 2022

Most importantly, you want to reach those employees who didn’t sign up last year and stress the importance of health insurance. They may look at a low premium without considering the cost on the back end in terms of a higher deductible and/or other out-of-pocket expenses.

Out of Pocket Cost 76

Out of Pocket Cost Deductions Deductible Health Insurance 76

InterWest Insurance Services

MARCH 16, 2023

The poll of 26 health benefits decision-makers at large firms, carried out by The Commonwealth Fund and the Employee Benefits Research Institute (EBRI), found that despite rising premium and health care costs, they felt obligated to offer health insurance instead of shunting employees to exchanges. Nobody wanted to be first.”

Health Insurance 92

Health Insurance Employment Out of Pocket Cost Health Savings Account 92

InterWest Insurance Services

JUNE 16, 2022

More employers are including narrow provider network insurance plans among their plan offerings to their employees to give them a lower-cost premium option. Narrow provider networks limit the number of covered providers included in health insurance plans. There is no limit if your employee goes out of network.

Employment 95

Employment Out of Pocket Cost Health Insurance Insurance 95

InterWest Insurance Services

JULY 13, 2023

Employers who were surveyed for a new report expected that group health insurance premiums would increase 5.4% this year and at a faster clip in 2024 as inflation hits medical costs. With all that in mind, the report advises that employers will have to prepare for higher premium outlays and be creative in how they try to control costs.

Employment 86

Employment Out of Pocket Cost Health Insurance Health Savings Account 86

InterWest Insurance Services

NOVEMBER 22, 2023

According to the Centers for Disease Control, six out of every 10 American adults have at least one chronic condition, with 40% having two or more. As a result, chronic conditions play an outsized role in the cost of group health insurance. Routine immunizations. Preventive services for men and women.

Out of Pocket Cost 81

Out of Pocket Cost Education Insurance Health Insurance 81

Employer Connection

APRIL 9, 2024

Employees can shop for medical procedures provided by doctors and facilities in their area to find high-quality, affordable care and get an out-of-pocket cost estimate. The easy-to-use, intuitive tool is offered at no additional cost to covered employees via their employer-sponsored plan.

Healthcare 40

Healthcare Out of Pocket Cost Life Insurance Medical 40

InterWest Insurance Services

JUNE 2, 2023

For the most part, people use their funds in FSAs and HSAs to reimburse themselves for out-of-pocket costs like copays, health insurance deductibles and the cost of prescription medications.

Out of Pocket Cost 95

Out of Pocket Cost Health Savings Account Medical Health Insurance 95

WEX Inc.

APRIL 25, 2024

The deductible is the amount you must pay out-of-pocket for covered healthcare services before your insurance plan begins to pay. Similar to other health plans, once you meet the deductible, insurance begins to cover a portion of medical expenses. HDHPs have limits for allowable deductible amounts and out-of-pocket costs.

Health Savings Account 52

Health Savings Account Deductions Deductible Out of Pocket Cost 52

InterWest Insurance Services

JANUARY 5, 2023

Despite group health insurance costs expected to rise 5.4% this year, the tight labor market is forcing employers to prioritize enhancing benefits over cost-cutting measures, according to a new report by Mercer. The expected health insurance cost growth of 5.4% What employers are doing.

Out of Pocket Cost 67

Out of Pocket Cost Employment Health Insurance Deductions 67

InterWest Insurance Services

MARCH 4, 2022

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. Employers fund these accounts, which reimburse your staff for qualified medical expenses and, in some cases, insurance premiums.

Medical 88

Medical Health Insurance Out of Pocket Cost Deductions 88