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 [...]

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 [...]

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 [...]

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 [...]

What is a Health Savings Account (HSA)? A Health Savings Account (HSA) is a medical savings account that you own! In this guide to health savings accounts, you'll learn about the basics to see if an HSA is right for you. If you are enrolled in a High Deductible Health Plan (HDHP), both you [...]

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 [...]

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 [...]

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 [...]

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 [...]