- Providing world class service and value for employee benefit group plans since 1987
Employee benefit packages are crucial for attracting and retaining top talent. With a wide range of flexible benefits available in West Virginia, understanding the various options is essential for both employers and workers. In this blog post, we’ll explore health, dental vision and disability insurance, other dental vision and disability insurance and flexible benefits here, public employee insurance, retirement plans, and more, providing you with valuable insights into employee benefit packages.
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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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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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.
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.
The majority (83% or more) of employers with 100 or more employees offer medical benefits. The number drops for smaller employers, simply because it becomes much more difficult to keep up with costs at a smaller scale, but the point is that employer benefits are the norm. Employee benefit plans include standard-issue benefits like group health insurance, retirement plans, and affordable life insurance. And there is a growing trend to increase benefits to include additional wellness services, flexible working arrangements,
Read Full Article HereIf there's one thing we can all agree on about health insurance is that it is expensive. Reports show that employers pay about 83% of health insurance coverage for individual plans. But, offering health benefits to your workers can come with a lot of perks, such as increased employee loyalty and retention, increased job satisfaction, as well as happier and healthier employees. So, is it possible to offer health insurance without stretching your budget to the maximum? Here are
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The cost of offering health insurance to employees is only increasing, which has caused many employers to question whether or not providing health benefits will eventually become unsustainable. This is particularly the case for small businesses, as they generally have tighter budgets, fewer resources, and less employees to meet participation requirements. Though, for small business owners, the cost of providing health insurance to employees ultimately comes down to the type of plan you choose, the needs of your employees, and
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For many people, the benefits that they receive from their employer may be just as important, if not more, than their salary or hourly wage. In addition to sick pay and vacation time, most full-time employees also enjoy the advantage of dental, vision, healthcare, 401(k) matching or pension, and potentially some discount opportunities. Other common benefits that your employer may provide are group life insurance and group disability insurance.
Todd Taylor with Taylor Benefits gives our small business the kind of personal service we need. Insurance benefits are important to our employees and Todd helps us find a balance between benefits and value. Todd responds immediately to my phone calls & e-mails. He has even gotten in touch with me on a Sunday when we were in need of coverage answers immediately. We are very pleased with the hands-on service Todd and his staff provide.”
-Ken and Linda Orvick, Orvick Management Group, Inc.
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