Trending Benefits: Wellness

Friday, April 29, 2022 21:41 Posted by Admin
Los Angeles Group Health Insurance

When you think about company employee benefits packages, you probably jump right to health insurance, paid time off, and maybe a retirement plan. Those traditional benefits form the foundation of a competitive benefits package, and they are certainly important. But for an employer that wants to go beyond basics, some choices can help you stand apart from your rivals and attract the best talent without breaking your budget. Count on your consultant at Taylor Benefits Insurance to keep

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The Impact on PPP Loans and Unemployment Benefits

Thursday, April 28, 2022 16:24 Posted by Admin

The COVID-19 pandemic has not been kind for a lot of companies, and small businesses, in particular, have struggled to stay afloat. To come to their help, the US Government has provided special relief programs designed to support certain businesses during these difficult times, like PPP loans. If you’ve received such a loan, here’s how it impacts unemployment benefits.

How Do PPP Loans Work?

The Paycheck Protection Program (PPP) was first established under the Coronavirus Aid, Relief, and Economic Security Act (CARES

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What are Employer Paid Benefits?

Wednesday, April 27, 2022 22:29 Posted by Admin

Employer-paid benefits (sometimes explicitly referred to as 100 percent employer paid benefits) is an unusual offering that provides workers with access to some or all of their employee insurance coverage at no cost. While many companies share the cost with their workforce, most don’t pay the entire bill. In fact, worker contributions have been increasing over time, both as an absolute dollar amount and as a percentage of the total cost, according to research reported by the Kaiser Family

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The Anatomy of a Group Health Insurance Plan

Tuesday, April 26, 2022 14:39 Posted by Admin

Group health insurance plans are a common and culturally-expected benefit that comes with full-time employment in the US. Our private healthcare system is expensive and health insurance is one way that citizens in the US manage the costs of healthcare. With a group plan, the employer pays a portion of the premium and the employee pays a portion of the premium through a payroll deduction. A group health insurance plan provides coverage for typical medical costs like doctor’s visits,

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Benefit Spotlight: Group Dental Insurance

Monday, April 25, 2022 22:22 Posted by Admin

While many employed adults have large group medical insurance plans, somewhat fewer have access to group dental insurance. Large companies are more likely to offer it than smaller firms, as well as to pay more of the premium cost, according to Dental Plans, a trade association. Those companies that provide coverage to their workforce may offer either an indemnity plan or managed care options. Indemnity plans pay a set dollar amount for a menu of possible services, no matter

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What Qualifies a Business for Group Health Insurance?

Thursday, April 21, 2022 18:30 Posted by Admin

Businesses big and small are eligible to purchase group health insurance. However, the rates tend to be more favorable for larger companies based on the number of participants. Still, group health insurance is still a nice benefit to offer employees.

What is Group Health Insurance?

A large group health insurance policy pools the premiums and risks associated with an insurance policy over a group of participants. These policies are commonly purchased by companies and offered to their employees as a

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SECURE 2.0 Moves Forward

Wednesday, April 20, 2022 16:34 Posted by Admin

The House of Representatives passed HR 2954—Securing a Strong Retirement Act—referred to as Secure 2.0, intending to help Americans save for their retirement. The Senate will now consider similar legislation, and Congress will later reconcile any differences in the two versions. This legislation would build on the changes made in the Secure Act of 2019. A hallmark provision of the 2019 law made it easier for small businesses to set up “safe harbor” retirement plans. This change allowed smaller

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Six Ways Group Health Insurance Can Benefit Your Small Business

Tuesday, April 19, 2022 19:30 Posted by Admin

The impact of Covid 19 has raised business and employee awareness about health issues and the importance of health insurance. Finding the best small business group health insurance provider and navigating the features, benefits, and costs remain a priority for small businesses. Let’s explore the health insurance benefits that matter most to employees and the critical ways group health insurance can benefit your small business.

How Many US Small Businesses Offer Group Health Insurance?

In 2021, the Kaiser Family

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Benefit Spotlight: Student Loan Payment Assistance

Monday, April 18, 2022 19:46 Posted by Admin

If your company is like other businesses, trying to find ways to stand out and gain an advantage in the competition for qualified employees, then reviewing your optional employee benefits is one potential avenue to success. Current research indicates that workers care about the benefits package, and you may be able to get some attention with the addition of some less standard perks. That doesn’t mean you should skimp on the usual health insurance and retirement, of course,

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Addressing Employee Burnout: How To Help

Friday, April 15, 2022 12:59 Posted by Admin

So many people are talking about the Great Resignation, as millions of workers leave their jobs and go…. well, where are they going, and why? Inc. Magazine published findings from a study conducted by Limeade, a consulting firm dedicated to employee well-being, which analyzed the reasons behind the labor force volatility of the last two years. According to Limeade, the top reason workers cite for leaving their previous job (over 40 percent) is burnout. Some workers are taking a

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