InterWest Insurance Services

DECEMBER 28, 2021

The average cost of appendix-removal surgery is over $30,000. But if you have an 80-20 plan, your worker is still responsible for her deductible (averaging over $1,600), plus 20% of that cost, or over $6,000. That leaves your worker exposed to a total out-of-pocket cost of over $7,600.

Voluntary Benefits 89

Voluntary Benefits Hospitality Insurance Out of Pocket Cost 89

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. That’s why training is essential to ensure that your employees understand how these plans work and how to get the most out of them.

Deductions 86

Deductions Deductible Out of Pocket Cost Health Savings Account 86

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. That’s why training is essential to ensure that your employees understand how these plans work and how to get the most out of them.

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. 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

InterWest Insurance Services

SEPTEMBER 27, 2023

This is an important exercise to ensure that any of your workers don’t pick a plan that costs them too much in premium if they rarely use their health insurance, or costs them too much in out-of-pocket expenses if they are frequent users of health care. Get an early start If your plan year starts Jan.

Out of Pocket Cost 68

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

Higginbotham

JANUARY 27, 2023

Glassdoor surveyed workers and found that when choosing between a high-paying job and a low-paying job with better benefits, health insurance and flexible hours could spur them to pick the lower-paying job with better benefits. 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