All healthcare plans have out-of-pocket expenses. They can generally be categorized as copays, coinsurance, and deductibles, as well as monthly premiums. Let’s review them and see how they can affect your annual costs.
Most health plans come with a deductible, which is the amount you will pay each year before the plan starts paying for healthcare expenses. Health plans can be grouped into low- or high-deductible depending on how much you pay before your coverage begins. High-deductible plans often have lower monthly premiums, while the opposite is true with low-deductible plans. Here are some tips on how to choose between them.
The CARES Act is a bill passed by the U.S. government on March 27, 2020, that provides several provisions to assist individuals and businesses dealing with the coronavirus COVID-19 and the economic impact of it. CARES stands for The Coronavirus Aid, Relief, and Economic Security Act.
When an employee takes a leave of absence for “qualifying conditions” there are potential obligations to be met by the employer. These obligations are provided under protections of the Family and Medical Leave Act (FMLA), the Uniformed Services Employment and Reemployment Act (USERRA), and potentially state laws as well.
f you are an employer looking at prescription drug plans, the many variants can seem daunting. Here is some information that may help simplify the sometimes confusing drug plans and terminology. Having a better understanding of prescription drug plans can help you better inform your employees about their options, and First Day Films can help as well. See the end of the blog for more information.
Healthcare costs continue to rise and take more money from the pockets of businesses and employees alike. The good news is there are ways you and your employees can save money for both prescriptions and some healthcare services. Let’s take a look.