InterWest Insurance Services
OCTOBER 17, 2024
A new study has found three out of four U.S. workers would accept a job with a slightly lower salary if it offered better health care and medical coverage. 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.
InterWest Insurance Services
JANUARY 26, 2022
It stressed two main points: High deductibles — The report found one of the main drivers of stress was high deductibles and other out-of-pocket costs. These are funded with deductions from the employees’ salaries before taxes are taken out.
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Insperity
OCTOBER 31, 2017
Be sure to provide each new hire with: A detailed, printed overview of available benefits and out-of-pocket costs, if any. Help employees truly understand their out-of-pocket costs. In printed materials and other communication, explain the impact of benefits on your employees’ salary.
InterWest Insurance Services
JANUARY 5, 2023
With Americans increasingly struggling to pay their health care bills, more employers are shying away from only offering their workers high-deductible health plans (HDHPs) that reduce premiums up front for higher out-of-pocket costs for workers. Cost-cutting. That fell to 13% in 2021 and was only 9% in 2022.
InterWest Insurance Services
JULY 13, 2023
18% use salary-based contributions to premiums, with lower-wage workers paying less than their better paid colleagues. 39% offer a medical plan with no or a low deductible or cost-sharing (e.g., copay plan). Increasing virtual care offerings, beyond standard telemedicine.
Business Management Daily
APRIL 29, 2024
A good regular salary may have been enough years ago, back when government subsidies managed things like healthcare and retirement, but those programs have become less and less effective. HMO plans often have lower premiums and out-of-pocket costs compared to other plans. Most employees expect benefits. People want more.
Best Money Moves
DECEMBER 18, 2019
More than 80 percent of employers are ready to offer higher salaries for sought-after candidates and give pay raises to ensure their current staff is happy, according to the third-annual hiring trends report by Hays, a global recruitment firm. . Employers are ready to pay up to combat the skills shortage in the new year. .
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