How to Combat High Healthcare Costs
American healthcare costs have always been high — yet the Centers for Medicare and Medicaid Services predicts they will increase by another 5% throughout 2024. Companies that provide job-based healthcare will feel the impact more severely, triggering them to shop around for better products. As a producer, you have the task of finding ways to reduce healthcare costs and […]
Read MoreThe Most Popular Benefits to Offer in 2024
Employee benefits are indicative of a workplace that values and supports its employees. A comprehensive employment package is vital in today’s competitive job market. As individuals become increasingly aware of the norm in employment benefits, what you add to your offer will showcase a well-rounded work environment that encourages people to join. There are various […]
Read MoreThe Best Ways to Help Clients Manage Group Insurance Costs
Request a proposal Employers find it important to provide a comprehensive benefits package to attract and retain employees. As an insurance broker, you must make this easier for employers by reducing the costs as much as possible. Group health insurance plans are an effective way to lower employee insurance costs, and you can reduce the […]
Read More2023 End-of-Year Checklist for Employee Benefits
As another year draws to a close, human resources representatives have a prime opportunity to manage and review employee benefits, verifying they remain compliant with local and state regulations while being up to date. To ensure a smooth transition into 2024, start by confirming beneficiary information, double-checking the payroll and tax checklist, ensuring you understand […]
Read MoreAre You ERISA Compliant? Follow This Checklist
Are you an employer providing retirement and healthcare plans to your employees? Do you want to learn how you can become Employee Retirement Income Security Act (ERISA) compliant? If the answer is yes, then you’ve come to the right place. This guide simplifies ERISA compliance requirements and offers a checklist to help you ensure you’re […]
Read MoreHSA Funds — Should You Keep or Invest?
A health savings account can help you save for your healthcare expenses and offer tax benefits. If you have funds sitting in your HSA, you may wonder whether you should keep the money in your account or invest in another asset for potential savings growth. Below, we’ll cover more about keeping or investing HSA funds, including […]
Read MoreHSA Plan Tax Benefits for Employers
If you are in charge of creating the benefits packages for your employees, you don’t want to overlook a Health Savings Account (HSA). With an HSA, you can take advantage of several tax benefits that will set both you and your team up for success. These accounts essentially function as personal savings accounts. Employees can place tax-free […]
Read MoreTax Benefits of Flexible Spending Accounts for Employers
Flexible spending accounts are an increasingly popular employee benefit that offers tax advantages for employees and employers. FSAs enable employees to put aside pre-tax dollars to cover eligible medical and dependent care expenses. While employees benefit from reduced taxable income and cost savings, employers can also take advantage of tax benefits associated with offering FSAs. […]
Read MoreTop 6 Employee Benefits Trends for 2023
Are you curious about current and future trends in employee benefits? Learn about six key benefits trends going into 2023 below. Request a Proposal 1. Healthcare Affordability A healthy workforce is a primary tool for success. It drives innovation, productivity, a positive work ethic and a favorable working environment. A significant challenge has always been […]
Read MoreHow to Offer and Set up an HSA for Employees
Traditional group health insurance costs have risen steadily over the years, making high deductible health insurance plans with health savings accounts (HSA) a more attractive option for employers and their workers. Many companies are beginning to offer employer-sponsored HSAs to help employees cover healthcare costs. HSAs are a type of personal savings account individuals can […]
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