Read more about the article Employee Medical Benefits: Self-funded vs. Fully Insured
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Employee Medical Benefits: Self-funded vs. Fully Insured

  All group medical benefit plans fall into one of two categories: self-funded or fully insured. The choice of one over the other should not be made arbitrarily. Each type carries its own set of administrative rules and legal constraints.   What is Self-funding Health Insurance? Under an insured health benefit plan, an insurance company assumes the financial and legal risk of loss in exchange for a fixed premium paid to the carrier by the employer. Employers with self-funded (or self-insured) plans…

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Read more about the article 17 Frequently Asked Questions About Payroll Services 
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17 Frequently Asked Questions About Payroll Services 

Here is a list of the top questions people ask when considering outsourcing payroll to a third party.  Before deciding to change who you use for payroll processing, ensure that you select a company that fits your current needs and can grow with you in the future. A consumer can read over a provider's website and still have questions they'd like to ask to know if they have indeed found the perfect fit for their business.   How does Payroll work? Payroll…

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Marketing Your Business During A Recession

If you’re your primary growth model for your business was through word of mouth or through channels that were not digital, you’ll likely experience a larger decline in business than those that have a strong online presence through search engines like google and google maps. Your business model must have many legs to stand on. Instead of walking like a human, you have to be more like a spider and have multiple channels of revenue. With the coronavirus becoming a pandemic and…

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How to Switch Payroll Providers

As a company transitions through various stages of business development, the dynamics of the company goes through a metamorphosis as well. To continue to operate efficiently and effectively companies often add or change services to suit their needs. Sometimes when you grow, what used to work well before is now not cutting the cheese. New processes, new systems, and software need to be implemented over time to meet your business's demand. Yes, sometimes even your payroll service & HR solutions need to…

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