An Overview of Small Business Healthcare Tax Credits

Thursday, September 29, 2022 17:28 Posted by Admin
small group health insurance image

Many people say that running a business is expensive. But that really depends on the type of owner you want to be. It’s much cheaper if you don’t offer benefits. Unfortunately, sacrificing employee benefits to save a few bucks means endangering your company’s future. If you want to be a great owner and trusted leader, you must keep your employees happy, loyal, and productive. But doing that will require at least some benefits. In this respect, healthcare is something everyone wants. And

Read Full Article Here

Does it Make Sense to Self-Fund Health Insurance?

Thursday, September 15, 2022 17:27 Posted by Admin

There are two fundamental ways for employers to pay for health care for their employees: Fully insured means buying health care insurance at a fixed cost with no annual opportunity to save money if your employee population experiences low usage. The alternative of self-funding offers the possibility that the company could spend less under some circumstances. In a fully-insured scenario, the employer assumes no risk after paying the premiums negotiated with the insurer. In contrast, self-insured companies must

Read Full Article Here

Does a Company Need to Offer the Same Benefit Plan to Every Employee?

Tuesday, September 13, 2022 17:34 Posted by Admin

Benefits, particularly health insurance coverage, are a vital part of the compensation and satisfaction formula for employees. Most companies recognize the importance of providing affordable and comprehensive options for their staff and the need to fulfill their obligations under the Affordable Care Act. Since the ACA requires employers with 50 or more full-time employees (or the equivalent in part-time staff) to offer health insurance and allow dependents to remain on their parents' insurance plans longer than was previously possible,

Read Full Article Here

The Main Benefits of Retirement Plans for Employees

Monday, September 12, 2022 23:05 Posted by Admin

People know that retirement isn’t always easy from a financial standpoint. But there are also plenty of reasons why not enough employees take advantage of retirement plans. Emphasizing the main benefits of retirement plans on employees early in life can help people make better decisions with their money. It can help them develop better spending and saving habits to plan for retirement without making too many sacrifices.

Benefits of Retirement Plans on Employees

Emergency Finances

Many people go through life living paycheck to

Read Full Article Here

Different Types of Retirement Plans You Can Offer to Employees

Wednesday, September 7, 2022 13:15 Posted by Admin

Helping employees save money for their golden years is an admirable effort. But that’s not the only reason to consider offering different types of retirement plans. These days any extra financial benefits aside from salaries are expected by most employees. Serious employers must have several employer retirement plan options when presenting job offers. Of course, workers should have flexibility and be able to choose retirement plan options that benefit their lifestyle, projected earnings, and ability to save. For that reason, it’s

Read Full Article Here

Employer-Funded HSA – What It Means for You and Your Employees

Tuesday, September 6, 2022 18:46 Posted by Admin

A health savings account (HSA) offers several benefits to your employees. These accounts are portable, meaning they can keep them even if they leave your company. Plus, employees can use the accounts like savings accounts, allowing them to cover qualified healthcare expenses while generating interest on the money saved in the HSA. With such obvious advantages, it seems the decision to add HSAs to your benefits package is a simple one. What isn’t so simple, however, is the

Read Full Article Here

Section 125 Benefit Plan – All Your Questions Answered

Monday, September 5, 2022 23:37 Posted by Admin

Your company’s benefits package doesn’t have to be limited to bonuses and insurance. It can help your people make significant tax savings that benefit them financially in the long run. Several plans allow you to accomplish this feat, including a Section 125 benefit plan. Also called “Cafeteria” plans, Sec 125 lets employees set pre-tax earnings aside in an account that they can withdraw from at a later date. But before you rush into setting up one of these plans, you need

Read Full Article Here

Your Guide to Finding the Best Group Life Insurance Policy

Wednesday, August 31, 2022 22:00 Posted by Admin

Building a solid employee benefits package is one of the best ways to attract quality talent to your company. The more benefits you offer, the more likely it is good candidates will apply for an opening. A solid benefits package also keeps existing employees motivated and happy, making them more productive. The question is what should your benefits package include? You may have some of the more obvious benefits, such as bonuses, annual raises, and paid vacation time. However, ideas

Read Full Article Here

ACA Filing Requirements – Everything You Need to Know

Monday, August 22, 2022 17:24 Posted by Admin

Since its introduction in 2010, the Affordable Care Act (ACA) has made health insurance more accessible to millions of Americans. The passing of this act represented an overhaul of the healthcare system that employers had to adapt to. In 2016, the Employer Share Responsibility (ESR) provision of the ACA became active. This provision requires certain employers to provide a minimum standard of health insurance to their employees. Employers who must provide insurance are also subject to ACA filing requirements that

Read Full Article Here

How Does Health Insurance for Part-Time Employees Work?

Thursday, August 11, 2022 13:03 Posted by Admin

You’ve already identified group health insurance as a good benefit to offer to your employees. With a group insurance policy, your workers don’t have to worry about paying their health premiums or dealing with prohibitive entry criteria. Instead, they’re automatically enrolled into the policy based on their employment. Employees get access to healthcare and benefit from having the insurance issue handled for them so they have less on their minds when working. At least, that’s the case for your

Read Full Article Here

We’re ready to help! Call today: 800-903-6066