There are typically two approaches to securing health coverage for your staff - group health insurance or self-funding.
Self-funding, however, can be costly and risky for some employers and is usually only done by larger organizations with thousands of employees. However, there is a hybrid model that can help small and mid-sized employers provide their staff with affordable health coverage: partial self-insuring.
Combined with rising tuition costs, more people are attending college than ever before. That education, though, has come at a high price. Nationally, outstanding student loan debt totals $1.52 trillion.
While individuals appreciate, and have come to expect, traditional benefits like health insurance and paid time off, many new graduates are looking for companies that offer non-traditional benefits like student loan repayment assistance.
Choosing the right dental benefits plan for your employees is always filled with compromises and difficult decisions, no matter if this is the first time you offer a dental plan at your company, or you are just revising the benefits currently provided.
As technology has developed, so has people’s ability to overcome the traditional communication barriers of time and distance. Using telecommunication to bridge the gap of time, distance, and affordability is a step forward in the health care industry, reaching patients in need of medical attention.
Both employers and employees both have much to gain from a successful voluntary benefits program.
Research consistently points to time away from work as improving productivity, lowering stress, and reducing absenteeism.
What does the term “performance review” mean to you? To many people, it means sitting down at the end of the year with a manager to discuss job performance over the past 12 months. To others, it could mean chatting with a manager every quarter. And some might know it as a biweekly conversation to discuss personal goals.
No one likes to contemplate it, but accidents result in over 161,000 deaths per year in the United States. According to the Centers for Disease Control, unintentional injury is the fifth leading cause of death in the country.
Accidental death and dismemberment insurance, or AD&D, exists to provide families and loved ones with protection against the death or severe injury of a breadwinner or other individual on whom the beneficiaries depend. This affordable form of insurance pays a lump sum in the event of accidental death or death as a result of homicide (as opposed to illness). In addition, policies may pay an additional benefit as a result of events like these:
One of the biggest mistakes owners of growing businesses make is not keeping up their insurance coverage to account for the expanding assets and potential liabilities.
Let's say you started your business 10 years ago with just a small space and computer desk. Today, you have an office full of employees and equipment. If you still have the same insurance coverage you did a decade ago, or even three years ago, the chances you are underinsured are high.
The typical family's income slips by more than $12,000 in the year after a breadwinner suffers a critical illness such as a heart attack, stroke or cancer, according to a study by Metropolitan Life Insurance Company.
This reduction of income isn't primarily due to lack of medical coverage. It is actually attributed to the inability to work and earn an income. The approximate out-of-pocket medical expenses add about $3,000 in extra costs during the first post-diagnosis year.