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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Read more about the article The Professional Employer Organization – The Good, Bad and The Alternative
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The Professional Employer Organization – The Good, Bad and The Alternative

Sometimes companies have trouble meeting their human resources needs, especially while also trying to increase profits. To assist in this area, many companies hire professional employer organizations (PEOs). If you hire a PEO, your employees are no longer fall under your tax ID number; they assumed to be employees of the PEO. You will also delegate  HR responsibilities to the PEO. Though the company officially hires its employees, the PEO handles payroll, benefits administration, workers' compensation, medical insurance, and retirement accounts. Then,…

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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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