Tags: saving money

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

How to Have A Successful Road Trip

Planning for a successful road trip

Summer is just around the corner and for many of us that means it’s time to plan our summer getaways. Road trips are the most popular method of travel in America, so you’ll be in good company when you hit the road this summer. Whether it’s a long weekend or a week away, here are a few things you should do to ensure a fun, safe and successful road trip. Before You Go Give your car a good once over. Are the tires good? Here’s how to check. When was... Read More

Weighing The Pros & Cons of an HSA — Health Savings Account

Weighing The Pros & Cons of an HSA -- Health Savings Account

Health savings accounts (HSA) are a growing trend in health care, but is one right for you? An HSA is a cost-effective option for many individuals and families, but it is not the best choice for everyone.   The Differentiators Comparing HSAs to traditional health plans can be difficult, as each has pros and cons. For example, traditional health plans typically have higher monthly premiums, a smaller deductible, and fixed copays and/or coinsurance. You pay less out-of-pocket due to the lower deductible and copay, but pay more each month in premium. HSA plans... Read More

5 Tips for Getting The Most Out Of Your HSA

5 Tips for Maximizing Your HSA

Health savings accounts (HSAs) are a great tool for helping manage your out-of-pocket health care expenses. If you have an HSA, you want to make sure you’re getting the most bang for your buck.  Here are five strategies that will help you get the most out of your HSA investment. Contribute as much as you can. HSAs are designed to offer triple tax benefits—meaning you put your money in tax-free, it gains interest tax-free and you can withdraw it tax-free for qualified medical expenses. In addition, many employers will contribute to an... Read More

10 Reasons You Want a Health Savings Account

10 Reasons You Want a Health Savings Account

With the soaring cost of health care, many consumers are turning to the health savings account (HSA) as a way to combat rising expenses. This financial option is quickly growing in popularity and has the potential to save you a significant amount of money. The HSA offers another alternative for controlling health care expenses. An HSA encourages the consumer to make healthier lifestyle choices, better health care-related financial decisions, and to invest and save money over time for future medical needs. Here are 10 reasons you want a Health Savings... Read More