If you miss the open enrollment period for your health benefits, your existing coverage may simply be renewed. This is the case whether you’re insured through an individual plan or your employer. However, without an existing plan, you’ll have to wait until the next open enrollment. Only specific cases allow for enrollment outside of this schedule. This […]

Employers usually offer a high deductible health plan (HDHP) or a preferred provider organization (PPO) as one of their healthcare benefits. Each has its pros and cons. However, offering both can ensure employees choose what fits their needs best, without having to sacrifice the company’s bottom line. This guide breaks down the differences and why you may […]

Healthcare premiums represent the financial backbone of health insurance. They’re the regular payments that policyholders make to maintain coverage. Healthcare premium affordability is a significant concern among policyholders, especially considering premiums are expected to increase by 7% in 2025. For employer groups who want to deliver exceptional value to members, understanding what constitutes an affordable premium […]

Understanding PCORI Fees for Self-Insured Health Plans 2025 PCORI (Patient-Centered Outcomes Research Institute) Fees The applicable dollar amount for plan years ending on or after October 1, 2024, and before October 1, 2025, the tax is equal to $3.47. This is a .25 increase from the $3.22 rate in 2024. Fees are reported and paid […]

Whether you are interviewing for a new position, have started a new job or are seasoned at your company, knowing what your benefits are really worth is important and advantageous. This knowledge equips you with a powerful tool as you progress in your career. Many employees curate benefit packages to attract and retain new talent, […]

Benefits play a significant role in employee stability, happiness and retention. The best benefit packages attract top talent and increase retention rates, which translates into success for the company and employees. What Benefits Should You Look for in a Job? Research shows that 82% of employees would feel a greater sense of overall stability if they understood […]

Section 125 plans let employers offer employees non-taxable benefits that contribute toward healthcare expenses. These plans provide significant tax savings, so they’re beneficial to both employers and employees. They also help reduce the burden of rising healthcare costs, allowing businesses to take care of their teams’ financial, mental and physical health. Doing so can result […]

The federal government initiated several programs to address the challenges posed by the coronavirus outbreak. One of these programs was the Consolidated Omnibus Budget Reconciliation Act (COBRA) subsidy, which excluded qualified individuals from paying premiums for a specified duration. Although the program has ended, insurance brokers continue to offer valuable services to clients who have […]

Top Employee Benefits for Millennials and Gen Z Hiring top talent drives innovation, improves productivity and ultimately puts businesses ahead of the competition. By curating an appealing set of benefits, businesses are more likely to attract hard-working employees and experience these qualities within their operations. As the average cost of employee turnover equates to a third […]

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 […]