How Incorporating Wellness Activities at Work Improves Productivity
Posted: October 15, 2022
How Incorporating Wellness Activities at Work Improves ProductivityEvery employer wants a team of inspired workers who are focused, energetic, and productive. A work environment that has incorporated wellness activities can inspire higher levels of production, as the employees are happier, less stressed, and usually feel more dedicated to achieving the goals set by management. What Wellness Activities Are Most Popular with Employees? Your company can offer a range of wellness activities that...
3 Things to Consider When Choosing Group Benefits
Posted: September 28, 2022
3 Things to Consider When Choosing Group BenefitsThe employees you want on your team will need benefits. In a tight job market, with competition for talent higher than ever, the benefits you offer matter. When choosing group benefits, several basic issues must be thoroughly evaluated before deciding on what to offer employees: Employee Demographics – Generation Alpha, Gen Z, Millennials, Gen X, Gen Y, or Millennials? Every generation has a different perspective...
Benefits of Providing Financial Planning Resources to Employees
Posted: September 13, 2022
Benefits of Providing Financial Planning Resources to EmployeesThe most basic group benefit plan will provide some form of health insurance to employees, with some percentage paid by the employer. Many employers have taken steps to offer a more appealing range of benefits to their employees, including life insurance, long term care insurance, a 401(k) with matching funds, and vision or dental coverage. Another perk has proven to be appreciated by employees: Financial...
When Should You Buy Life Insurance?
Posted: September 9, 2022
Life Insurance is a financial product that provides a lump sum cash payment, also known as the death benefit, when the insured passes away. The purpose of life insurance is to provide a financial benefit to dependents upon the premature death of an insured individual. Buying life insurance can protect your spouse and children from the financial hardships that could result if something happened to...
How HRAs Offset Premiums & Deductibles For Group Plans
Posted: August 28, 2022
How HRAs Offset Premiums & Deductibles For Group PlansA health reimbursement arrangement (HRA) can offset premiums and deductibles in a group health insurance plan. These savings are realized when a high-deductible health plan (HDHP) is combined with a Deductible-Gap HRA. Employers can benefit by saving money and reducing overhead with a high deductible, while the effect on employees is offset by the HRA. What Is An HRA? An HRA is an employer-funded account...