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.&nbsp;Payroll + HR + Benefits in an all-in-one solution. Request a BerniePortal demo today!&nbsp;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 &amp; managing its people easy.&nbsp;http://bit.ly/2NEQ5QbWhat is an HRIS?https://bit.ly/what-is-an-hrisBernieU: 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.&nbsp; Approved for SHRM &amp; 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&nbsp; ▬▬▬▬▬▬▬▬▬▬00:00&nbsp; Intro00:31&nbsp; What Is a Copay?01:00&nbsp; What Is a Deductible?02:37&nbsp; What Is Coinsurance?&nbsp;03:10&nbsp; What Are Out-of-Pocket Maximums?04:54&nbsp; An Example Using the Terms06:42&nbsp; Your Role as HR07:41&nbsp; Final Thoughts▬ Episode Resources &amp; Links ▬▬▬▬▬▬▬▬▬▬Benefits Administration Made Easy&nbsp;https://www.bernieportal.com/benefits-administration/Guide to Providing Healthcare Benefits to Employeeshttps://blog.bernieportal.com/guide-to-providing-healthcare-benefits-to-employeesAvera: 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: <a...