Employer Insights: Navigating Annual Health Insurance Rate Increases
Offering health insurance is a powerful way to attract and retain great employees. According to the Bureau of Labor Statistics, around 70% of private sector workers have access to health coverage, a testament to how important it is in today’s job market. When you offer a plan, it signals that you care about your team’s […]
Understanding 90-Day Waiting Periods for Insurance: What Employers Should Know
Many employers may not realize that federal law places a cap on how long eligible employees can wait for health insurance coverage. Introduced as part of the Affordable Care Act (ACA) in 2014, the legislation mandates that the waiting period for employer-sponsored health plans cannot exceed 90 days. While it doesn’t require employers to offer […]
Understanding Disability Insurance: How to Choose Between Short-Term and Long-Term Coverage
Disability Insurance Explained: Deciding Between Short-Term and Long-Term Plans More than a third of employers currently offer some type of disability insurance to their team, according to the Bureau of Labor Statistics. It’s no surprise, employees can unexpectedly fall ill or face challenges that keep them away from work, even if those challenges aren’t job-related. […]
Essential Criteria for Providing Employee Benefits (And Why It’s Beneficial Regardless)
Why Offering Employee Benefits Matters and What You’re Legally Required to Provide Benefits play a crucial role in attracting top talent, boosting employee morale, and reducing turnover rates. In fact, nearly 20% of HR professionals update their benefits packages annually to improve retention. While benefits are an excellent way to keep your key employees satisfied, […]