Insurance · July 4, 2022

The Benefits of Brigham and Women’s Employee Health Insurance

If you work for a company that offers health insurance, there are probably several different options. You might be able to pick from several different plans with varying coverage and costs. The last thing you want to do is make the wrong choice and end up paying for it later. Here is some information about employee health insurance through Brigham and Women’s Hospital in Boston so that you can make an informed decision.

If you don’t have access to affordable health insurance through your job or spouse, you may qualify for an exemption from the Affordable Care Act’s individual mandate. There are a few different ways to qualify, such as if your income is below 133% of the FPL or if you are enrolled in school full time. However, not everyone who meets these qualifications must take advantage of them in order to receive the benefits – it is completely up to you whether you decide to enroll and sign up for coverage under the Affordable Care Act.

 

The Benefits of Brigham and Women’s Employee Health Insurance

Brigham and Women's Employee Health Insurance

Image source: bestschoolnews

 

As a millennial, you probably have a lot of expenses and not a lot of cash. That’s why millennials are so fond of employee benefits such as free or discounted food at work, free gym memberships, and even free cafes with Wi-Fi. But what about healthcare? Do employees get any perks there too? The answer is yes! This article focuses on benefits particular to the millennial generation within the workplace. There are many different kinds of employee benefits out there, but these three stand out as especially beneficial for younger workers. Read on to learn more about the benefits of Brigham and Women’s employee health insurance, telemedicine, and third-party wellness reimbursement accounts (WRAs).

Telemedicine

Telemedicine is the idea of providing medical care remotely. One way this technology can be used is to provide healthcare services to patients who are not in a medically-appropriate location. For example, Brigham Women’s Hospital has a telemedicine program where they provide access to specialists without patients needing to come in for an appointment. The patient would just need a phone or internet connection and would be able to communicate with their doctor remotely. This type of service has potential benefits for both the patient and the hospital.

Brigham and Women’s Employee Health Insurance

For many companies, a benefit that is absent is employee health insurance. In the past few years, more and more companies have been offering healthcare as a way to entice new employees to join. For example, Brigham and Women’s offers their employees the option of maintaining their current health plan or enrolling in a brand-new one. The company also offers both individual and family coverage plans for those who need it. The Brigham and Women’s employee health insurance program may not be the most affordable option out there, but it does offer many benefits for its workers. Those benefits include: *No waiting periods for pre-existing conditions *Dental plans offered as well as vision plans *Prescription drug coverage available with co-pays *The ability to choose from three different deductible levels based on your needs These are just some of the reasons why Brigham and Women’s believes it is important to invest in your employees with medical care.

Third-party Wellness Reimbursement Accounts (WRAs)

If you’re an employer, you might want to consider a third-party wellness reimbursement account (WRA). A WRA is an employee benefit that pays out a percentage of eligible claims up to a set amount. The idea is that employees will be more likely to work towards wellness if they can get reimbursed for it. For example, if your company has a WRA and offers half the cost of gym memberships, then there’s no upfront cost for employees who want to go. It’s just 50% of what they would have paid, with the employer covering the other 50%. Third-party wellness reimbursement accounts are advantageous because they encourage your employees to take charge of their health while also saving your company money. This means you don’t have to worry about paying high premiums or deductibles. You also won’t need to worry about large medical bills as often since your employees will hopefully be managing their health more carefully with the financial incentive provided by this program. And as an added bonus, you’ll get more productive and healthier workers!

Bottom line

it’s up to the employee Companies are always looking for ways to attract talented employees. The question is, what do these talented employees want? Millennials have different wants and needs than previous generations, so it’s important for employers to stay on top of these trends. You may not be in a position to offer all three of the benefits highlighted in this article, but offering one or two could make your company an attractive place to work. Your millennial employees might just take you up on that offer!