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

DECEMBER 5, 2024

New guidance issued by the IRS expands the types of preventive care benefits that high-deductible health plans are required to cover with no out-of-pocket costs on the part of plan enrollees. The changes are aimed at reducing out-of-pocket costs for diabetes-related expenses, certain cancer screenings and contraceptives.

Out of Pocket Cost 97

Out of Pocket Cost Health Savings Account Deductions Deductible 97

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 95

Insurance Out of Pocket Cost Hospitality Health Savings Account 95

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

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. The main oversight: Ruling out HSA-qualified plans.

Health Insurance 84

Health Insurance Insurance Out of Pocket Cost Health Savings Account 84

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 98

Out of Pocket Cost Insurance Medical Consulting 98

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 98

Out of Pocket Cost Health Savings Account Deductions Deductible 98

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

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 98

Out of Pocket Cost Pharmaceutical Deductions Deductible 98

PeopleKeep

OCTOBER 4, 2024

Group health insurance remains a popular employer-sponsored benefit in the United States. With this type of HRA, employers can reimburse employees tax-free for their individual health insurance premiums and other qualified out-of-pocket costs. But traditional group health plans are too costly for many employers.

Out of Pocket Cost 106

Out of Pocket Cost Health Insurance Insurance Medical 106

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.

Deductions 98

Deductions Deductible Out of Pocket Cost Health Insurance 98

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 98

Out of Pocket Cost Insurance Carriers Health Insurance Deductions 98

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.

Deductions 98

Deductions Deductible Out of Pocket Cost Health Savings Account 98

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 98

Out of Pocket Cost 401(k) Deductions Deductible 98

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 98

Out of Pocket Cost Health Insurance Insurance Utilities 98

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 98

Family and Medical Leave Act Out of Pocket Cost Deductions Deductible 98

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 98

Family and Medical Leave Act Out of Pocket Cost Deductions Deductible 98

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 96

Out of Pocket Cost Deductions Deductible Health Insurance 96

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 98

Hospitality Out of Pocket Cost Insurance Medical 98

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 98

Out of Pocket Cost Manufacturing Insurance Medical 98

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 98

Out of Pocket Cost Manufacturing Insurance Medical 98

Higginbotham

FEBRUARY 21, 2023

You’re reading your health insurance policy and come across a coinsurance clause. Here’s what you need to know about this common insurance term. This is called cost sharing, and it’s common in many types of insurance. Cost sharing helps insurance companies and policyholders achieve certain goals.

Health Insurance 52

Health Insurance Out of Pocket Cost Insurance Deductions 52

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 98

Employment Out of Pocket Cost Health Insurance Insurance 98

Insperity

OCTOBER 31, 2017

From employer-sponsored health insurance to retirement savings plans, an attractive benefits package can help you hire the best employees and ensure you retain them for many years to come. Be sure to provide each new hire with: A detailed, printed overview of available benefits and out-of-pocket costs, if any.

Out of Pocket Cost 84

Out of Pocket Cost Disability Insurance Health Insurance Flexible Spending Account 84

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 82

Out of Pocket Cost Deductions Deductible Voluntary Benefits 82

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 98

Medical Health Insurance Out of Pocket Cost Deductions 98

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 96

Out of Pocket Cost Parental Leave Work From Home Insurance 96

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 98

Health Insurance Employment Out of Pocket Cost Health Savings Account 98

Best Money Moves

MAY 22, 2019

Health Insurance was the benefit millennials felt would most help them achieve their financial goals. Research by the West Health Institute/NORC at the University of Chicago found more than 40 percent of Americans didn’t see a physician when they were sick or injured because of high healthcare costs.

401(k) 97

401(k) Out of Pocket Cost Health Insurance Paid Leave 97

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 92

Out of Pocket Cost Employment Health Insurance Deductions 92

InterWest Insurance Services

MAY 25, 2022

Additionally, virtual care is expected to become an essential and long-lasting feature of employers’ health insurance and employee benefits strategies over the next few years, according to the “2022 Emerging Trends in Healthcare Survey” by Wills Towers Watson. Dealing with rising costs.

Employment 97

Employment Out of Pocket Cost Health Insurance Insurance 97

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 98

Employment Out of Pocket Cost Health Insurance Health Savings Account 98

InterWest Insurance Services

SEPTEMBER 23, 2022

But the costs of coverage can be daunting and many employers worry about whether they can afford benefits programs and struggle to set a budget that won’t deplete or severely dent their profits. Typically, the most expensive and most important benefit is health insurance. Silver (insurer pays 70%, employee pays 30%).

Health Insurance 98

Health Insurance Out of Pocket Cost Insurance Paid Leave 98

InterWest Insurance Services

FEBRUARY 8, 2023

As health insurance and health care costs continue rising, more employers and health plans are turning to centers of excellence to manage patients with chronic conditions. The good news is that there are other benefits to centers of excellence besides controlling costs.

Out of Pocket Cost 97

Out of Pocket Cost Insurance Health Insurance Medical 97

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 98

Out of Pocket Cost Education Health Insurance Insurance 98

Best Money Moves

JUNE 1, 2022

This assistance can come in many forms such as covering the cost of health insurance or assisted savings programs. Health care costs can often drag behind increases in consumer prices, so employees may face an increase in costs that will last throughout this year and next. Student Loan Repayment Assistance.

401(k) 115

401(k) Out of Pocket Cost Benefits Package Finance 115

InterWest Insurance Services

MARCH 15, 2022

It’s no secret that most employees do not fully understand all of their health insurance benefits, which can lead to worse health outcomes and them spending more money than they need to for some medical procedures. Overtreatment and unnecessary treatments can lead to worse health outcomes and higher out-of-pocket costs.

Out of Pocket Cost 98

Out of Pocket Cost Health Savings Account Health Insurance Medical 98