With today’s low unemployment rate and the resulting competition for talent, many employers are looking to their health benefits to retain employees and grow their teams. While 20% of employers increased their health care benefits from 2018 to 2019, there's a less costly way to maximize this benefit: by taking full advantage of the resources your health plan already offers. Here are 5 tips to help employers and their employees make full use of their current health plan.
Open enrollment is in full swing, which means it’s time for employees everywhere to review their options and choose a health plan for the year ahead. This can be a stressful process involving new terminology that may leave you with questions even after you look them up. Our new guide to choosing a health plan can help employees and health care consumers looking to make sense of this complex decision.
Health Savings Accounts (HSAs) continue to grow in popularity as they offer valuable tax advantages to those who use them. Today, there are about 26 million health savings accounts with assets exceeding $61 billion. Although they’re more prevalent in other parts of the country, they’re gaining popularity in Massachusetts. And there are at least seven reasons why more and more employers are offering HSA programs and employees with a choice are enrolling in these plans.
Topics: Insurance basics