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Insurance Blog

Please read our blog about a wide variety of insurance topics. Please feel free to ask us any questions.

If My Company Is Acquired by Another Company, What Happens to My 401(k)?

If your employer is acquired, the fate of your 401(k) plan may depend in part on what type of acquisition it is – asset sale or stock purchase.  In an asset sale, the selling company retains responsibility for the 401(k) plan. Employees of the acquired company that stay on after the sale are typically considered new employees of the acquiring company.  If the acquisition is...

How to Roll Over Your 401(k)

If you leave your job for reasons other than retirement, you have four options on what to do with your 401(k). You can: Leave it with your former employer Consolidate it into your new employer’s 401(k) plan Cash it out Roll it over into an IRA or Roth IRA. Rolling Over a 401(k) to an IRA IRAs offer more investment options than 401(k)s. IRA fees...

Am I Required to Provide My Employees with Short-Term or Long-Term Disability?

Short-term disability insurance provides some income replacement when a non-work-related illness or injury leaves an employee unable to work for a limited time period. Long-term disability insurance serves the same purpose, only for longer periods of time, ranging from two years to retirement age, depending on the policy.  No law requires employers to offer long-term disability insurance to employees. However, five states and Puerto Rico...

What Benefits Should I Offer My Employees?

Employee benefits will cost your business. There is no avoiding that, but the pros outweigh the cons. Advantages of offering benefits include better recruitment and retention, greater wellness and productivity, tax advantages, and a more positive company culture. Developing a benefits package represents a leap in the growth of your company. A major step in the process is deciding what benefits to offer. What Are...

Is My Work Health Insurance Better Than Marketplace Insurance?

Group health insurance is one of the most important benefits employers offer their employees. Under the Affordable Care Act (ACA), companies with 50 or more full-time employees must offer affordable health coverage that provides minimum value to full-time employees and their dependents, or they may be subject to an “employer shared responsibility” payment to the IRS.  Larger employers have the incentive to offer health coverage...