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Deductibles, Copay, Coinsurance, and Out-of-Pocket Maximums
This HR Party of One episode breaks down the difference between deductibles, copays, coinsurance, and out-of-pocket maximums—and, how you should defer questions about these benefits to your benefits broker.
Payroll + HR + Benefits in an all-in-one solution. Request a BerniePortal demo today!
https://offer.bernieportal.com/bernieportal-employer-demo-hrpo1/
Find us at https://www.bernieportal.com/hr-party-of-one/
BerniePortal: The all-in-one HRIS that makes building a business & managing its people easy.
http://bit.ly/2NEQ5Qb
What is an HRIS?
https://bit.ly/what-is-an-hris
BernieU: Your free one-stop shop for compelling, convenient, and comprehensive HR training and courses that will keep you up-to-date on all things human resources. Approved for SHRM & HRCI recertification credit hours. Enroll today!
https://bernieu.bernieportal.com/
Join the HR Party of One LinkedIn Group!
https://www.bernieportal.com/community/
▬ Contents of this episode ▬▬▬▬▬▬▬▬▬▬
00:00 Intro
00:31 What Is a Copay?
01:00 What Is a Deductible?
02:37 What Is Coinsurance?
03:10 What Are Out-of-Pocket Maximums?
04:54 An Example Using the Terms
06:42 Your Role as HR
07:41 Final Thoughts
▬ Episode Resources & Links ▬▬▬▬▬▬▬▬▬▬
Benefits Administration Made Easy
https://www.bernieportal.com/benefits-administration/
Guide to Providing Healthcare Benefits to Employees
https://blog.bernieportal.com/guide-to-providing-healthcare-benefits-to-employees
Avera: What’s the Difference Between Family and Individual Deductibles?
https://www.avera.org/balance/health-insurance/whats-the-difference-between-family-and-individual-deductibles/
▬ Social Media ▬▬▬▬▬▬▬▬▬▬▬
► LinkedIn: https://www.linkedin.com/company/bernieportal
▬ Podcast▬▬▬▬▬▬▬▬▬▬▬▬
► Apple Podcasts: https://podcasts.apple.com/us/podcast/hr-party-of-one/id1495233115
► Spotify: https://open.spotify.com/show/5ViQkKdatT40DPLJkY2pgA
► Amazon Music: https://music.amazon.com/podcasts/1874beb8-2a68-4310-8816-e704e6850995/HR-Party-of-One
► iHeartRadio: https://www.iheart.com/podcast/269-hr-party-of-one-57127074/#
► Pocket Casts: https://pca.st/o6e2auqq
►RSS: https://feeds.captivate.fm/hrpartyofone/
► Other: https://hrpartyofone.captivate.fm/listen
#insurance, #HR, #HumanResources, #HRTips, #HumanResourcesTips, #SmallBusiness, #HRPartyOfOne,
View all episodes
By BerniePortal
4.7
1212 ratings
This HR Party of One episode breaks down the difference between deductibles, copays, coinsurance, and out-of-pocket maximums—and, how you should defer questions about these benefits to your benefits broker.
Payroll + HR + Benefits in an all-in-one solution. Request a BerniePortal demo today!
https://offer.bernieportal.com/bernieportal-employer-demo-hrpo1/
Find us at https://www.bernieportal.com/hr-party-of-one/
BerniePortal: The all-in-one HRIS that makes building a business & managing its people easy.
http://bit.ly/2NEQ5Qb
What is an HRIS?
https://bit.ly/what-is-an-hris
BernieU: Your free one-stop shop for compelling, convenient, and comprehensive HR training and courses that will keep you up-to-date on all things human resources. Approved for SHRM & HRCI recertification credit hours. Enroll today!
https://bernieu.bernieportal.com/
Join the HR Party of One LinkedIn Group!
https://www.bernieportal.com/community/
▬ Contents of this episode ▬▬▬▬▬▬▬▬▬▬
00:00 Intro
00:31 What Is a Copay?
01:00 What Is a Deductible?
02:37 What Is Coinsurance?
03:10 What Are Out-of-Pocket Maximums?
04:54 An Example Using the Terms
06:42 Your Role as HR
07:41 Final Thoughts
▬ Episode Resources & Links ▬▬▬▬▬▬▬▬▬▬
Benefits Administration Made Easy
https://www.bernieportal.com/benefits-administration/
Guide to Providing Healthcare Benefits to Employees
https://blog.bernieportal.com/guide-to-providing-healthcare-benefits-to-employees
Avera: What’s the Difference Between Family and Individual Deductibles?
https://www.avera.org/balance/health-insurance/whats-the-difference-between-family-and-individual-deductibles/
▬ Social Media ▬▬▬▬▬▬▬▬▬▬▬
► LinkedIn: https://www.linkedin.com/company/bernieportal
▬ Podcast▬▬▬▬▬▬▬▬▬▬▬▬
► Apple Podcasts: https://podcasts.apple.com/us/podcast/hr-party-of-one/id1495233115
► Spotify: https://open.spotify.com/show/5ViQkKdatT40DPLJkY2pgA
► Amazon Music: https://music.amazon.com/podcasts/1874beb8-2a68-4310-8816-e704e6850995/HR-Party-of-One
► iHeartRadio: https://www.iheart.com/podcast/269-hr-party-of-one-57127074/#
► Pocket Casts: https://pca.st/o6e2auqq
►RSS: https://feeds.captivate.fm/hrpartyofone/
► Other: https://hrpartyofone.captivate.fm/listen
#insurance, #HR, #HumanResources, #HRTips, #HumanResourcesTips, #SmallBusiness, #HRPartyOfOne,