Employee Blog Posts

Five Reasons Employees Should Consider Changing Health Plans

2020-11-13T15:24:52-05:00November 13th, 2020|Blog, Employee, Employee Resources|

Open enrollment has arrived. It’s once-a-year opportunity for employees to update their health benefits—and sadly, it is historically underutilized. More than 90 percent of people choose the same health plan year after year, even though their health needs and budgets regularly change. As a result, millions of Americans end up in the wrong health [...]

Preventive Drug Benefits: Find out what types are covered

2020-10-28T10:31:04-04:00September 16th, 2020|Blog, Employee, Employee Resources|

Did you know that many preventive drugs are covered by the Patient Protection and Affordable Care Act (ACA)? The ACA regulated the coverage of many preventive services to make sure they are available under all benefit plans—including private health insurance. In addition, insurance providers often fully cover additional preventive services on some High Deductible [...]

How to Read A Summary of Benefits and Coverage: Tips for interpreting your plan documents

2020-10-28T10:30:24-04:00September 2nd, 2020|Blog, Employee, Employee Resources|

Do you know how to read your Summary of Benefits and Coverage document (or SBC)? This is a consumer facing document outlining the coverage provided by a health insurance plan. Devoid of legalese, this summary helps to clarify the cost-sharing structure of a plan without the need to digest lengthy fine print from an [...]

Health Insurance Basics: Plan Types

2020-10-28T10:29:01-04:00July 23rd, 2020|Blog, Employee, Employee Resources|

Choosing between the different types of health insurance plans is hard. The first thing to do is understand the basics. Get started with this easy overview of the different types of health insurance plans: High Deductible Health Plan (HDHP) An HDHP plan is defined by the IRS as having a higher deductible than most [...]

Compare HSAs, HRAs, and FSAs

2020-10-28T10:27:41-04:00June 23rd, 2020|Blog, Employee, Employee Resources|

Wondering about the difference between HSAs, HRAs, and FSAs? You're not the only one who feels like there are too many acronyms and too little time. HSAs, HRAs, and FSAs are accounts used to pay for qualified medical expenses, prescription drugs, dental and vision expenses. Health Savings Account (HSA) – is a savings account [...]

Guide to Health Savings Accounts and Flexible Spending Accounts

2020-10-28T10:27:25-04:00June 23rd, 2020|Blog, Employee, Employee Resources|

This guide to flexible spending accounts will help you decide if they are the right fit for you. A Flexible Spending Account (FSA) is an arrangement through your employer that lets you pay for many out-of-pocket expenses with tax-free dollars. Allowed expenses include insurance deductibles and copays for medical, dental and vision plans, prescription [...]

Health Insurance Basics: Costs of a Plan Defined

2020-10-28T10:26:43-04:00June 23rd, 2020|Blog, Employee, Employee Resources|

Choosing the right health insurance plan is complicated. This blog breaks down the total costs of health insurance to empower you to choose the plan that works for you and your family. What is a deductible? A deductible is the amount you will pay, besides the monthly premium, before your insurance company will begin [...]

Health Insurance Basics: Coverage of Specific Services

2020-10-28T10:26:23-04:00June 23rd, 2020|Blog, Employee, Employee Resources|

Choosing the right health insurance plan is complicated. This blog explains how to tell which services are covered under your health plan. Understanding health plan coverage basics can help you choose an optimal plan. Covered Vs. Non-Covered: Not all medical services you receive are necessarily “covered” by your insurer.  Some “alternative’ services such as [...]

MyHealthMath and University of Chicago Announce Research Partnership to Study “Nudging for Good” in Healthcare

2020-10-30T13:17:57-04:00October 2nd, 2018|Broker, Employee, Employer, Health Benefits Decision Support, Insurer, News|

MyHealthMath, Inc. (MHM), developer of a unique decision support system that helps both employees and employers make more optimal health plan choices, announced today that they will be partnering with leading behavioral economists from the University of Chicago Booth School of Business to study these decisions and their long-term impact on healthcare expenses.   [...]