5 Strategies for Reducing Health Benefits Costs in 2021

Health insurance costs are almost certainly going to rise in 2021. They’ve been trending upward for years—over 50% in the last decade, according to the Kaiser Family Foundation—and the current state of economic uncertainty over COVID-19 won’t slow things down. Realistically, after enduring months of business closures and managing exhausted workforces, many employers will be lucky to maintain uninterrupted operations. That’s why it’s critical for employers to think about reducing health costs right now—figure out cost-effective benefits first so money can be…

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Everything You Need To Know About Disability Insurance

Disability insurance has become an increasingly valuable part of a comprehensive employee benefits package. Not only does disability insurance fill the gaps in financial protection offered by other programs like Social Security, but it is also a highly sought-after component of a competitive benefits package for employers who need to attract and retain talented employees. And while employees appreciate the peace of mind they receive as their income replacement benefits are being paid, employers can use the resources offered by insurers to…

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Protect Your Employees: A Guide to Small Business Health Insurance

Managing insurance needs can be difficult for small businesses. Small business health insurance is important for both employers and their employees. There are a lot of options available. Choosing the right plan is important for the health of your business and your employees. Consider this post your guide to all things related to insurance for small businesses. We're going to cover the most popular kinds of insurance plans, why small businesses should consider offering insurance, and a few tips on how to find…

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Annual Open Enrollment Checklist

  Open enrollment can be an extremely positive and rewarding experience for you and your employees. Consider the following suggestions to help you prepare for a successful open enrollment period this year. Pre-enrollment Period Plan ahead: Be ready to answer employee questions regarding health care reform legislation. Understand how the legislation affects your benefits offerings and be prepared to share this knowledge with employees. Make a list of anything new and exciting that will enhance your open enrollment processes. Plan to communicate…

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Maximizing Open Enrollment For Employees

Open enrollment can be an overwhelming time for both employers and employees. Employees are given the opportunity to re-evaluate their current benefits and make changes for the coming year, while employers must choose a benefits package that balances cost and value and facilitate the enrollment process. Due to a variety of factors, benefit offerings are changing, placing new demands on employees and employers during open enrollment. To make the enrollment process as smooth as possible, it is important that employers educate and…

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