Archive for May 2015
Minimum Essential Coverage and Minimum Value: Are your group benefits covering both bases?
With so many important provisions of the Affordable Care Act (ACA) kicking into high gear this year, many employers are still scrambling with the new compliance requirements. And there’s no doubt it can be a confusing alphabet soup of terms and jargon. For example, all group health plans under the new law have to provide…
Read MoreFour Reasons to Consider HR Outsourcing
HR outsourcing isn’t a new idea. It started in the 80s and 90s, when businesses first began hiring dedicated companies to handle “system input, paperwork processing, benefits management, compensation, and performance management. It’s also a trend that’s here to stay. According to Small Business Chron, outsourcing has become “a major component” of many HR departments,…
Read MoreDo or Die? These 3 Business Insurance Tools Could Make the Difference
It’s a cold reality of running a business: you have to get a lot of things right to be successful, but you only have to get one thing wrong to fail – and there are many paths to failure. Because you face such a variety of risks every day, it’s crucial to have the right…
Read MoreGroup benefits strategy: Why financially “fit” employees are a better fit for your business
Almost half of your employees are stressed out about money issues, and it’s affecting their work. That’s one of the findings of an August 2013 white paper by Purchasing Power called “Financial Wellness: Addressing the 9 to 5 Impact of 24/7 Financial Stress.” That means nearly half of your workforce is distracted from their daily…
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