Deductibles, Copay, Coinsurance, and Out-of-Pocket Maximums

Payroll + HR + Benefits in an all-in-one solution. Request a BerniePortal demo today!
www.bernieportal.com/get-a-demo/
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.
Find us at www.bernieportal.com/hr-party...
BerniePortal: The all-in-one HRIS that makes building a business & managing its people easy.
bit.ly/2NEQ5Qb
What is an HRIS?
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!
bernieu.bernieportal.com/
Join the HR Party of One LinkedIn Group!
hubs.ly/Q02mNML90
▬ Episode Resources & Links ▬▬▬▬▬▬▬▬▬▬
Benefits Administration Made Easy
www.bernieportal.com/benefits...
Guide to Providing Healthcare Benefits to Employees
blog.bernieportal.com/guide-t...
Avera: What’s the Difference Between Family and Individual Deductibles?
www.avera.org/balance/health-...
▬ 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
▬ Social Media ▬▬▬▬▬▬▬▬▬▬▬
► LinkedIn: / bernieportal
▬ Podcast▬▬▬▬▬▬▬▬▬▬▬▬
► Apple Podcasts: podcasts.apple.com/us/podcast...
► Spotify: open.spotify.com/show/5ViQkKd...
► Amazon Music: music.amazon.com/podcasts/187...
► iHeartRadio: www.iheart.com/podcast/269-hr...
► Pocket Casts: pca.st/o6e2auqq
►RSS: feeds.captivate.fm/hrpartyofone/
► Other: hrpartyofone.captivate.fm/listen
#insurance , #hr , #humanresources , #hrtips , #humanresourcestips , #smallbusiness , #hrpartyofone ,