Choosing to self-fund a company’s health benefits has numerous benefits. However, there are also some risks involved. When large claims occur, it can
Merits of Self-Funded Insurance Plans
Under a self-funded insurance plan, the employer assumes the financial risks associated with providing employees with health care benefits. Employers
Are Wellness Program Incentives Worth the Investment?
Employers often use wellness program incentives as a way to influence employee behavior and boost motivation in the workplace. In return, employees
The Pros & Cons of a High Deductible Health Plan for Your Business
As health care costs continue to rise, many businesses feel forced to restructure their health plan offers. This has resulted in a noticeable rise in
HRA vs HSA: What’s the Difference?
HRAs and HSAs are similar in many ways. Both types of accounts are designed to make healthcare services more affordable for employees and their
What Are Employee Fringe Benefits?
Fringe benefits are a form of compensation provided to employees outside of their standard salary or state wage. There are a variety of types of
Active vs Passive Enrollment Communication
Each year, employees have the opportunity to sign up for, cancel, or modify their health insurance and other workplace benefits such as disability and
How Your Business Can Prepare for Open Enrollment 2020
In the U.S., open enrollment refers to a period of time when employees of organizations and companies may make changes to their benefit options, such
Benefits Of Open Enrollment Communication
The importance of maintaining good communication in the workplace is indisputable. However, many business owners lack proper communication in areas