Payroll + HR + Benefits in an allinone solution. Request a BerniePortal demo today!
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This HR Party of One episode breaks down the difference between deductibles, copays, coinsurance, and outofpocket maximums—and, how you should defer questions about these benefits to your benefits broker.

Find us at https://www.bernieportal.com/hrparty...

BerniePortal: The allinone HRIS that makes building a business & managing its people easy.
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What is an HRIS?
https://bit.ly/whatisanhris

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Join the HR Party of One LinkedIn Group!
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▬ Episode Resources & Links ▬▬▬▬▬▬▬▬▬▬

Benefits Administration Made Easy
https://www.bernieportal.com/benefits...

Guide to Providing Healthcare Benefits to Employees
https://blog.bernieportal.com/guidet...

Avera: What’s the Difference Between Family and Individual Deductibles?
https://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 OutofPocket Maximums?
04:54 An Example Using the Terms
06:42 Your Role as HR
07:41 Final Thoughts

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