HSA & FSA Contributions Will Increase in 2018

HSA & FSA Contributions Will Increase in 2018

Many employee benefits are subject to annual dollar limits that are periodically increased for inflation. The Internal Revenue Service (IRS) recently announced cost-of-living adjustments to the annual dollar limits for various welfare and retirement plan limits for 2018. Although some of the limits will remain the same, many of the limits will increase for 2018. The annual limits for the following commonly offered employee benefits will increase for 2018: High deductible health plans (HDHPs) and health savings accounts (HSAs); Health flexible spending accounts (FSAs); Transportation fringe benefit plans; and 401(k)... Read More

How to Prepare for Your Cyber Liability Insurance Policy

How to Prepare for Your Cyber Liability Insurance Policy

Do you have cyber liability insurance for your business? If you use computers and mobile devices in your business, especially if you store critical company information or personal identifying information or financial information about clients and employees, you need cyber liability coverage. Every insurance policy starts with an application, and cyber liability insurance is no different. While the underwriting process in long-established insurance lines is streamlined, this is not the case for cyber liability insurance. Currently, application forms for cyber insurance are not standard and can be complex—often consisting of... Read More

Considering a Self-Funded Healthplan for Your Company? Here’s What You Need to Know

self-funded v. fully insured healthplans

Are you looking at different options for your company health benefits? Do you want something other than a traditional fully-insured health insurance plan? 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? Under a fully-insured health benefit plan, an insurance company assumes the financial and legal risk of loss in exchange for a fixed premium paid... Read More

How to Address and Prevent Workplace Bullying

How to Address and Prevent Workplace Bullying

Four times more common than sexual harassment or racial discrimination in the workplace, bullying should be taken seriously. While it’s non-physical, bullying can cause serious emotional harm. October is National Bullying Prevention Month. Bullying isn’t just something that happens in playgrounds and schoolyards. Adults are every bit as capable of bullying, and perhaps to an even more severe degree, than are children. Adults are also as capable as children to prevent workplace bullying and have a legal and moral responsibility to do so.   What is Workplace Bullying? Generally, workplace... Read More

Are You Prepared for a Fire Emergency?

are you prepared for a fire emergency

Fires are the leading cause of home injuries and death. Most of us have seen the tremendous power of fires, including the devastating fires in California this week. October 8-14 is National Fire Prevention week and their theme this year is “Every Second Counts,” focusing on the need to have an emergency plan in the event of a fire, either at home or in the work place. Do you have a fire safety plan in place for your home and your workplace?   Prevent Fires The best way to practice... Read More

How to Protect Yourself from Workplace Eye Injuries

How to Protect Yourself from Workplace Eye Injuries

Your eyes, and their health, are critical to your success at work, and to your ability to fully enjoy life independently. According to Prevent Blindness America, more than 300,000 eye injuries occur each year in the workplace. Of these injuries, 10 percent result in missed days of work and of those injuries, 10 to 20 percent will cause temporary or permanent blindness. OSHA estimates that 90 percent of such injuries could be prevented by wearing the proper protective eyewear. Even minor eye injuries can cause vision problems that last a... Read More

Educate Your Employees on the Importance of Life Insurance

educate your employees on the importance of life insurance

Although life insurance is one of the most common employer-provided benefits, many employees do not appreciate its value. Life insurance can be an invaluable benefit should tragedy strike one of your employees. As an employer, you are well-positioned to educate employees on the importance of this coverage. What’s in it for you? Educating employees about life insurance can yield higher enrollment, greater appreciation for your benefits package and increased loyalty to the company. Many employees are not financially savvy, but are interested in learning. Financial education from their employer can... Read More

How to Protect Your Personal Financial Information

How to Protect Your Personal Financial Information

Is your personal financial information secure? This is a question on many consumer’s minds these days in light of the recent report of a security breach at Equifax, one of the nation’s largest credit-reporting agencies, that may have affected nearly 150 million people. Not only does this breach leave credit reporting information exposed to hackers and criminals, but it also has exposed personal financial information of millions of Americans, leaving them vulnerable to identity theft. So, what do you need to do to protect your credit AND protect your personal... Read More

Boost Employee Benefits with Group Life Insurance

Boost Employee Benefits with Group Life Insurance

Employee benefits are one of the best ways to attract and retain qualified employees. Most employers these days offer at least basic health and dental insurance. There are many additional employee benefit options available to employers, and one of the most requested and most beneficial is group life insurance. This article covers many of the basics of offering group life insurance and some of the employer options for providing it. Types of Life Insurance Life insurance is divided into two categories: term and permanent. Term life insurance has a specified... Read More

Is Your Workplace Prepared For The Unexpected?

Is Your Workplace Prepared For The Unexpected

Mother Nature seems to have gone crazy this summer.  Dozens of wildfires in the west, Hurricane Harvey—and now Hurricane Irma—heading into the Gulf Coast, extreme temperatures and unpredictable weather everywhere. And in addition to crazy weather, there are all kinds of other unexpected events that can throw your workplace into chaos. According to the Insurance Information Institute, as many as 40 percent of businesses forced to suspend operations due to a natural or human-caused disaster never reopen their doors. Try to imagine the challenges and struggles your business would face... Read More