When Is a High Deductible Health Plan the Right Choice?
Posted: May 25, 2025
Health insurance can seem like a labyrinth of legal and medical jargon, with endless choices. One option that often sparks confusion is the High Deductible Health Plan (HDHP). When they hear “high deductible,” many people immediately think it is expensive and risky. However, in some cases, it can actually be a good move. The following information can help you decide whether a high-deductible health plan...
6 Cost Control Strategies for Group Benefits
Posted: April 13, 2025
Managing employee benefits costs is a critical concern for many businesses, especially as premiums and healthcare expenses continue to rise. The average price of providing employee benefits has increased by 5-7% annually over the past five years. To keep your organization competitive while controlling expenses, consider these six strategies for reducing group benefits costs without compromising the value you offer employees. 1. Assess Employee Utilization...
What is an HSA, and Is It Right for Me?
Posted: February 10, 2025
You have options when it comes to managing your health insurance. Many services are offered free of charge. An HSA or health savings account is not insurance but can be a viable option for covering health costs. What is an HSA? An HSA is a personal savings account for specified healthcare costs. The account allows you to set aside funds and withdraw from the account...
What Happens to My HSA If I Change Health Plans?
Posted: November 13, 2024
A health savings account (HSA) is a great way to save money for medical expenses, especially considering that your contributions, interest, and earnings are tax-free. But what happens if you quit your job, retire, or move, causing you to change your health insurance plan? Here are some pointers to help guide you through a health plan switch. Your HSA Is Yours to Keep No matter...
How Can I Improve Healthcare Benefits To Better Serve My Employees?
Posted: July 13, 2024
Healthcare is among the most significant monthly expenses for individuals and families. One of the most common questions of potential employees exploring job opportunities involves healthcare benefits. Beyond attracting and retaining top talent, comprehensive healthcare coverage enhances employee well-being, productivity, and job satisfaction. It fosters employees’ sense of security and loyalty, leading to higher engagement and morale. Moreover, access to quality healthcare reduces absenteeism and...