article thumbnail

Four High Deductible Health Plan Mistakes to Avoid

InterWest Insurance Services

For example, if a majority of the employees are older and/or have certain health conditions, pushing an HDHP on them may not be a good move as their out-of-pocket costs may rise significantly and outweigh any savings from lower premiums.

article thumbnail

5 Must-Have Benefits for Millennial Employees

Best Money Moves

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. Comprehensive healthcare plans that reduce out of pocket costs for employees will be highly attractive to millennial employees.

401(k) 97
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

16+ types of employee benefits you should consider

Genesis HR Solutions

There are four major types of employee benefits many employers offer: medical insurance, life insurance, disability insurance, and retirement plans. Medical Insurance. Hospital insurance is health insurance for hospital costs. The employee must pay a monthly fee for private insurance.

401(k) 98
article thumbnail

Four Ways to Ensure Your Group HDHP Will Fail

InterWest Insurance Services

For example, if a majority of the employees are older and/or have certain health conditions, pushing an HDHP on them may not be a good move as their out-of-pocket costs may rise significantly and outweigh any savings from lower premiums.

article thumbnail

Covered Employees Can Save Using Healthcare Bluebook

Employer Connection

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.

article thumbnail

Employee benefits for small businesses

Higginbotham

Disability Insurance and Life Insurance. Health insurance is a key element of any employee benefits package, but small business owners should consider offering other benefits as well. Life insurance is a popular choice. Disability insurance is another popular option.

article thumbnail

Covered Employees Can Save Using Healthcare Bluebook

Employer Connection

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.