Archives: Health Insurance

Health Insurance Basics: Part 3

April 16, 2024 | By Cleveland Benefits Partners

Insurance Costs Consumers typically pay the following types of costs when they have insurance. Premium: The premium is an amount of money a consumer pays for a health insurance plan. The consumer and/or their employer usually make this payment bi-weekly, monthly, quarterly, or yearly. The premium must be paid regardless of how many services, if • Read More »

Health Insurance Basics: Part 2

March 12, 2024 | By Cleveland Benefits Partners

Does a Health Plan Typically Pay for Services from Any Doctor? Not always. Some types of plans encourage or require consumers to get care from a specific set of doctors, hospitals, pharmacies, and other medical service providers who have entered into contracts with the plan to provide items and services at a negotiated rate. The • Read More »

Health Insurance Basics: Part 1

February 12, 2024 | By Cleveland Benefits Partners

What is Health Insurance and Why is it Important? Health insurance is a legal entitlement to payment or reimbursement for your health care costs, generally under a contract with a health insurance company. Health insurance provides important financial protection in case you have an accident or sickness. For example, health insurance may help to pay • Read More »

Benefits 101: Premiums, Deductibles, Copays, and Out-of-Pocket Maximums

October 25, 2023 | By Cleveland Benefits Partners

Not understanding benefits terminology is near the top of the list of ways that open enrollment and benefits selection can stress you out.  Open enrollment is coming quickly and soon you will be talking about benefit options. The world of benefits and insurance can be confusing. In-network, out-of-network, deductibles, co-pays and co-insurance? What? Let us • Read More »

Why Health Insurance Matters

August 15, 2023 | By Cleveland Benefits Partners

Health insurance may not be the most exciting thing to shop for but it’s one of the most important things that you can buy for yourself and for your family.  Having health insurance has many benefits.  It protects you and your family from financial loss in the same way that home or car insurance does.  • Read More »

Healthcare 101: Back to Basics

February 6, 2023 | By Cleveland Benefits Partners

Getting sick can be expensive.  Even minor illnesses and injuries can be very costly to diagnose and treat.  Health care coverage helps you get the care you need and protects you and your family financially if you get sick or injured. We’re breaking down the health insurance basics.  Because, when you understand it, you’re more • Read More »

How to Make the Most Out of Open Enrollment

October 11, 2022 | By Cleveland Benefits Partners

Choosing the right benefits during open-enrollment season is so important and can help save money. It can also give individuals and families broader support with their health. Benefits like medical coverage are particularly important with high inflation having such a big impact on people’s budgets. A survey by UnitedHealthcare found that nearly 40% of employees • Read More »

Leveling Up Your Open Enrollment Game: Tips for Success

October 4, 2022 | By Cleveland Benefits Partners

For most employers, employee benefits represent a significant portion of their overall budget and a critical part of their employee recruitment and retention strategy. Benefits vary from employer to employer but can range from medical or dental insurance to flexible spending accounts, life and disability insurance, and more. The annual process of renewing those benefits • Read More »

5 Tips to Save Money on Health Care: Part 2

June 13, 2022 | By Cleveland Benefits Partners

Smart spending can keep your health care from costing an arm and a leg.  With costs rising on everything from gas to food, every penny counts. It pays to shop smart – that is why it helps to learn how to take steps to limit your out-of-pocket health care costs. Save Money on Prescriptions Go • Read More »

Transparency Rules Require Plan Sponsors to Act Now Before July 1 Deadline

May 4, 2022 | By Cleveland Benefits Partners

The Departments of Health and Human Services, Labor, and Treasury (the Departments) released Transparency in Coverage (TiC) rules in late 2020 that will require fully insured and self-funded plan sponsors of non-grandfathered group health plans to make important disclosures about in-network and out-of-network rates beginning July 1, 2022. To be ready to meet that deadline, • Read More »