Tags: saving money

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 Save on Work Comp Costs with a Safety Program

How to Save on Work Comp Costs with a Safety Program

Work comp costs can be one of the highest insurance costs in any business. There are many ways to save on work comp costs but one of the best and most effective ways is to reduce work injuries. And one of the best ways to reduce injuries is to create a company culture of safety by implementing a company safety program. With help from safety programs, you can save your company money, improve productivity and increase employee morale on the road. Here’s how. According to the Occupational Safety and Health... Read More

7 Reasons You Need to Use an Insurance Broker

7 Reasons You Need to Use an Insurance Broker

Do you want to save on your business expenses? Do you want more time to build your business and then enjoy the fruits of your labors? You can save both money and time by using an insurance broker to handle your business insurance needs. When most business owners think of saving money, they assume it means doing it themselves. There are many areas of your business where going DIY can save you money. With business insurance, though, going DIY could actually end up costing you more. More money, more time... Read More

How to Control Work Comp Costs Through Successful Premium Audits

How to Control Work Comp Costs Through Successful Premium Audits

Work Comp can be one of the most expensive and most frustrating of insurance costs for small business owners. There are many ways to control work comp costs, and many insurers and safety experts provide safety training and resources to help reduce injuries. There is another way to control your work comp costs, though, that isn’t talked about as much. And that is to make sure that you’re not paying too much for your coverage to begin with. Besides finding the right work comp insurance company, you also need to... Read More

5 Ways You Can Reduce Work Comp Costs

5 Ways You Can Reduce Work Comp Costs

Have you experienced an increase in your workers’ compensation costs over the last couple of years? How have you dealt with it? Many companies, when they experience an increase in work comp costs try to reduce work comp costs by having a safety meeting and reminding employees of safety procedures and policies. But the key to a real reduction in both work comp injury costs and insurance premiums is doing more than just reminding employees to be safe. Having a strong, sound safety program that all team members follow can... Read More

How to Stop Identity Thieves from Spoiling Your Holiday

How to Stop Identity Thieves from Spoiling Your Holiday

Are you an online shopper? Did you know that online Cyber Monday sales generated more revenue than in-store Black Friday sales this year? Chances are, you’ve contributed to those numbers—or will at some point this holiday season. But one of the biggest hazards of online shopping is identity theft and credit card fraud. Here are some simple things you can do to stop identity thieves and avoid falling victim to an online data breach or scammer while you’re taking care of your holiday shopping.   Shop Only at Reputable Websites... Read More

How to Protect Your Company Against Employment Lawsuits

avoid-frivolous-employment-lawsuits

As a business owner, your goal is to hire the most qualified employees. Unfortunately not every hiring decision goes as planned. Even if an employee is terminated for legitimate reasons— such as poor attendance or unsatisfactory work habits—every termination opens the door for a potential lawsuit. Read one business owner’s experience and then learn how employment practice liability insurance (EPLI) can help protect you and your company from costly, frivolous lawsuits. When Mary, a Colorado business owner, received a complaint that her sales manager made crude, disparaging remarks to a... Read More

What Every Employer Must Know About Their Group Health Plans

What Every Employer Must Know About Their Group Health Plans

Open enrollment for 2017 insurance plans is just around the corner. If you haven’t already started preparing for your employees’ enrollment in the 2017 group health plans, it’s definitely time to get started. Do you know what you need to know for a successful open enrollment this year?     What Do You Need to Know as an Employer for Open Enrollment? Do you have a grandfathered plan? Knowing whether or not you have a grandfathered plan is critical to making sure you are following the right guidelines. It’s also... Read More

2017 A Big Year for Individual Health Insurance Increases

individual health insurance increases

Are you still  experiencing sticker shock from your 2016 individual health insurance premiums? Well, hold on to your hats because Individual health insurance premiums will be increasing significantly for Colorado residents in 2017. The average increase for Colorado residents who buy their own health insurance will be about 20% for next year. Not only that, but in some areas, residents may have only one carrier to choose from. Two large carriers will not be offering individual plans at all for 2017. These are the largest increases since the ACA launched... Read More

How to Choose the Right Health Insurance for Your College Student

How to Choose the Right Health Insurance for Your College Student

Sending a child off to college is a significant milestone that represents the culmination of years of planning and hard work. As you prepare for the start of the semester, you should consider how your insurance needs may change with your son or daughter away at school. While rental insurance and auto insurance are certainly considerations, let’s look at the type of insurance that may have the most financial impact on your student’s college career. College students have a variety of health insurance options, and it is important to examine the... Read More