by Karen Taylor Smith | Apr 29, 2013 | Benefits Costs, Custom Plan Design, Employee Benefits, Healthcare Spending Accounts
Our blog today is the last installment in The Many Ways to Share Benefits Plan Costs series. The final topic is an explanation of health care spending accounts. In case you have missed the previous blogs in this series, please check them out: Part One: Payroll...
by Karen Taylor Smith | Apr 17, 2013 | Benefits Costs, Custom Plan Design, Employee Benefits
Welcome to part four of our sharing benefits plan costs series. In this blog, we are discussing the common types of prescription drug deductibles. In our earlier blogs, we examined the value of payroll deduction, co-insurance, and annual deductibles. There are two...
by Mike Ignatz | Mar 21, 2013 | Benefits Costs, Custom Plan Design, Employee Benefits
The third installment of our sharing benefits costs series is dedicated to annual deductibles. Previously in part one and two, we covered the advantages of payroll deduction and co-insurance, respectively. An annual deductible is a set amount that the employee is...
by Karen Taylor Smith | Feb 21, 2013 | Benefits Costs, Custom Plan Design, Employee Benefits
In our last blog we provided some insight into payroll deduction, and how it can be advantageous to employers who want to minimize benefits plan costs by sharing with employees. Today, we are addressing the topic of co-insurance. With co-insurance, the claimant and...
by Karen Taylor Smith | Feb 11, 2013 | Benefits Costs, Custom Plan Design, Employee Benefits
Part 1: Payroll Deduction In our blog today, we’re kicking off part one of our benefits cost sharing series with a discussion of how payroll deduction works, and the advantages it can offer. According to the Toronto Board of Trade’s 2012 Benefits and Employment...
by Karen Taylor Smith | Feb 5, 2013 | Benefits Costs, Employee Benefits
Increasingly, employers are no longer paying the full premium for employee benefits plans. Reducing costs has become a priority, but it is equally crucial to maintain a good benefits plan. As employers struggle to balance benefits plan coverage and benefits plan...