What is an HSA?

A health savings account, or HSA, is a savings account that you — or you and your employer, if you have an employer-sponsored plan — can put money into, tax-free, that you can use for qualified medical expenses. To be an eligible individual and qualify for an HSA contribution, you must be covered under a high […]

Small Business Health Insurance Plans & Group Options And How It Works

Health insurance for small business owners and their employees is available in various forms, ranging from individual health insurance plans to group options. Each option has its pros and cons, so it is essential to understand what each offers before choosing which plan you want to purchase. Choosing the right health insurance plan for your […]

Mid-Sized Business Employee Benefits Package Options

Today’s mid-sized business employees want the perks of a big company without the bureaucracy. They want to work for an agile company with dynamic leadership and offer modern benefits. These employees also want a variety of perks tailored to their individual needs. Instead of offering one standard employee benefits package, companies need to tailor their […]

What Is Employee Benefits Liability Coverage?

Employee benefits liability coverage, also known as EBL or E&O insurance, protects your business from the costs of claims related to employee benefits. Employee benefit plans are a common way for businesses to incentivize their employees to take action that is in the company’s best interests. These programs may include retirement savings plans, health and […]

Small business health insurance options

Small businesses have unique challenges in offering health insurance benefits for employees. Small businesses are more likely to have limited financial resources, less experienced human resource departments, and smaller pools of potential employees. In addition, the Affordable Care Act has specific requirements that impact small businesses. If you own a small business with 50 or […]

Are Employee Benefits Required By Law?

According to the extent of operations, various organizations have small-to-midsize employee benefits plans. However, many people are unsure whether these big or small business employee benefits plans are a legal priority. And if so, which ones? Well, to answer the question, yes. Some of these have been made a legal obligation for the employer by […]

How Inflation Affects Health Insurance

Inflation within the United States has spiked a whopping 7.9% in the past year [1]. This includes everything from housing costs, gas, food and health insurance. Many people would not think to consider the cost of health insurance rising as an added result of inflation, but it is an all-too-real fact and one that we […]

How To Plan Your Employee Benefits Program?

An employee benefits plan is an essential tool to meet the needs of your employees. And considering how competitive recruitment has become due to a lack of capable workforce, employee benefits for small businesses have become even more important. Therefore, it is crucial to design and plan employee benefits programs that are cost-effective and budget-friendly. If […]

Unique Employee Benefit Ideas To Attract The Best Talent

Employee benefits are a significant part of your company’s total compensation package. It’s essential to offer competitive benefits to attract and retain top talent. But how do you know which benefits are truly unique? If you’re looking for a way to attract the best talent, employee benefits are a great place to start. There are […]

Best Retirement Plans For Small Business Owners With Employees

If you are an entrepreneur with employees, you know it’s not easy to balance your personal life and business obligations. You might feel like you have no time or energy left over to think about retirement planning, but you have unique responsibilities and risks as an employer. For most small businesses, preparing for retirement is […]