As benefits consultants, we look for economic, legislative, and geopolitical signals that could eventually lead to "unexpected increases" in healthcare costs. One of the growing blips on our radar right now? Tariffs.

Navigating the world of health insurance can be overwhelming, especially when faced with terms like coinsurance, copays, and deductibles. These out-of-pocket costs significantly impact how much you spend on health care. Understanding these terms can help you make informed decisions about your coverage and expenses. Let’s break them down.

With the rise of GLP-1 drugs like Ozempic, Wegovy, and Mounjaro, conversations surrounding their inclusion in employee benefits programs are expanding in new directions.

Insurance acts as a financial safety net against unexpected expenses, with deductibles being the out-of-pocket amount paid before coverage starts. Opting for higher deductibles can lead to lower premiums, customized risk management, fewer small claims, long-term savings, and encourages proactive risk mitigation, making it a financially sound choice for many policyholders.