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Payroll + HR + Benefits in an all-in-one solution. Request a BerniePortal demo today! https://www.bernieportal.com/get-a-demo/ 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. Find us at https://www.bernieportal.com/hr-party... BerniePortal: The all-in-one HRIS that makes building a business & managing its people easy. http://bit.ly/2NEQ5Qb What is an HRIS? https://bit.ly/what-is-an-hris BernieU: 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. Approved for SHRM & HRCI recertification credit hours. Enroll today! https://bernieu.bernieportal.com/ Join the HR Party of One LinkedIn Group! https://hubs.ly/Q02mNML90 ▬ Episode Resources & Links ▬▬▬▬▬▬▬▬▬▬ Benefits Administration Made Easy https://www.bernieportal.com/benefits... Guide to Providing Healthcare Benefits to Employees https://blog.bernieportal.com/guide-t... 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 Out-of-Pocket Maximums? 04:54 An Example Using the Terms 06:42 Your Role as HR 07:41 Final Thoughts ▬ Social Media ▬▬▬▬▬▬▬▬▬▬▬ ► LinkedIn: / bernieportal ▬ Podcast▬▬▬▬▬▬▬▬▬▬▬▬ ► Apple Podcasts: https://podcasts.apple.com/us/podcast... ► Spotify: https://open.spotify.com/show/5ViQkKd... ► Amazon Music: https://music.amazon.com/podcasts/187... ► iHeartRadio: https://www.iheart.com/podcast/269-hr... ► Pocket Casts: https://pca.st/o6e2auqq ►RSS: https://feeds.captivate.fm/hrpartyofone/ ► Other: https://hrpartyofone.captivate.fm/listen #insurance , #hr , #humanresources , #hrtips , #humanresourcestips , #smallbusiness , #hrpartyofone ,