How to Create the Right Retirement Plan for Your Staff

Sunday, March 31, 2024 18:51 Posted by Admin
Employee Benefit Retirement Plans

While many retired citizens receive Social Security benefits after age 65, a much smaller number have retirement plans, and even fewer have retirement plans from their employers. Let’s look at how to create the best retirement plan for your staff.

How Many Americans Receive Social Security Benefits?

More than 65 million Americans received more than $1 trillion in Social Security benefits every month in 2021. Among them were more than 47 million retired workers who received $72.7 billion in June 2021,

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How Do Employee Benefits Impact Employee Productivity?

Thursday, March 28, 2024 18:32 Posted by Admin

The need to increase productivity is on the minds of many business owners looking to maximize revenue and grow their brands. There is an entire industry that offers advice on how to increase employee productivity, and one of the most cited solutions to this issue is the benefits package. But how effective are employee benefits when it comes to increasing productivity? Does it actually work? The answer is rather complex, but it’s worth taking a closer look at the subject to

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How An Employee Benefits Broker Provides Lasting Value For Your Business

Sunday, March 24, 2024 21:56 Posted by Admin
Employee benefits broker

Shopping for a group health insurance package seems easy enough in the beginning, but with the difficulty and complexities of this industry, it can quickly turn into a lengthy and frustrating task. Business owners should be happy to know that this task can be managed swiftly with the health of an employee benefits broker, an individual who specializes in getting companies the best benefits package that will address both the needs of the employees, as well as the company. Here

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Are HSAs Better Than 401(k)s?

Saturday, March 23, 2024 19:13 Posted by Admin

Retirement is on the minds of even young employees looking for some sort of safety net to support them in their old age. Two popular retirement benefits that companies can offer are health savings accounts (HSAs) and 401(k) accounts. Both are ways to save money and offer considerable tax benefits for those planning their retirement. However, there are some major differences between how these accounts work, as well as how they can be used. Understanding both the strengths and limitations

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What Qualifies as an Employee Benefit?

Friday, March 22, 2024 12:54 Posted by Admin

When prospective employees ask about benefits, what they usually mean is, what health insurance options do you offer? While it’s not uncommon to see the word benefit used interchangeably with medical insurance, employee benefits encompass a much larger offering.

What is an Employee Benefit?

First, let’s take a look at a definition. An employee benefit is an indirect form of compensation that is in addition to an hourly wage or salary. So, of course, employees must be paid for their

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5 Current Trends For HR Managers To Watch

Thursday, March 21, 2024 21:50 Posted by Admin

Attracting new employees and retaining current ones is never easy, especially in these rather uncertain times. The global health pandemic has affected almost all industries, and not just in terms of how they conduct their operations. The workforce is also changing, and it comes with growing new expectations from the companies they work for. HR departments are therefore left with the rather difficult task of determining how to effectively change strategies and adapt to these new expectations to allow companies

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How Employees and Employers Can Save on Prescription Medications

Monday, March 18, 2024 13:22 Posted by Admin

The cost of prescription medication is becoming more and more of a concern for both employees and their employers. Prescription drug plans are shifting costs to the employees, forcing them to pay a higher percentage of the price. This makes it hard for employees to continue paying for their medication, which can worsen their medical conditions and actually cost them more in the long run. This becomes even more significant for a person that suffers from a chronic condition and

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Essential Tips on Creating an Attractive Employee Benefits Package

Sunday, March 17, 2024 17:48 Posted by Admin

Here at Taylor Benefits, we talk a lot about the importance of creating attractive employee group benefits packages and how they help attract and retain talent. Let’s review the benefits most commonly included in today’s employee benefits packages and look at a few essential tips on designing a winning benefits program.

Do I Need to Offer an Employee Benefits Plan?

In a word, Yes! The federal and some state governments require businesses to provide five essential benefits, including:
  1. Social Security

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Eight Things A CA Business Needs to Know About Group Health Insurance

Saturday, March 16, 2024 16:58 Posted by Admin
Taylor Benefits Insurance Agency offers employee benefit packages in the state of California

When designing a group health insurance plan for any business, there are many popular features, a few pitfalls, and some tips on what’s important to know about group health insurance. There are also several unique things to consider that California companies need to know about California group health insurance. Let’s explore the ins and outs of group health care plans, eight key things you need to know about group health insurance, and its potential impact on your business in

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Do Employee Benefits Plans Cover Dental and Vision?

Friday, March 15, 2024 12:44 Posted by Admin

Despite some resistance by employers, more and more companies are seeing the benefits of offering dental and vision care to employees. In addition, with more employees working from home, health and wellness are taking on a new perspective regarding health benefits, productivity, and the employer's ability to offer competitive employee benefit packages.

Dental and Vision Benefits Availability

According to the US Bureau of Labor Statistics (BLS), 40% of private industry employees had access to dental care, while only 28% had

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