Life insurance is one of the most common employer-provided benefits. Though life insurance is an important asset for future financial security, many employees don’t realize its significance. Teaching employees about the value of life insurance may increase loyalty to your company as they better appreciate this benefit. Employer-sponsored coverage can be offered in a variety of ways. Employers can choose between a ter

The Internal Revenue Service recently released the 2024 benefit plan limits in the Internal Revenue Code. These updates were based on the annual cost-of-living adjustments. The new limits take effect on Jan. 1, 2024. Employers should update their Summary Plan Descriptions and other materials highlighting the annual dollar limits. For assistance on updating your documents and communicating this new information with yo

Health plans vary and have their own sets of benefits and drawbacks related to coverage, physicians, copays and premiums, among others. You’ll need to compare the different types of health insurance plans and choose the one that best fits your needs and budget. It’s important to note that the most suitable plan will depend on your personal health, family’s health and financial situation. There are a few main points o

Economic, demographic and societal trends have led to an increasingly mobile, diverse and older workforce. In addition to this, increased stresses in the workplace and home are taking a toll on overall employee health, productivity and safety. The result is higher health care and disability costs that have a measurable impact on employers and the employee benefits packages that they offer. Many employers aren’t aware

Health insurance may be one of the most critical annual purchases you undergo since it can impact your physical, mental and financial wellness. Unfortunately, selecting a health insurance plan can feel overwhelming. With so many options, it can also be easy to make a mistake when selecting coverage. We explore six common missteps related to selecting a health insurance plan. Avoid these mistakes and you’ll be ready t

Collecting and keeping track of various paperwork and records can cause confusion for many employers. Federal laws, such as the Federal Insurance Contributions Act (FICA), the Fair Labor Standards Act (FLSA) and the Equal Pay Act (EPA), impose firm record-keeping duties on employers. These recordkeeping duties require employers to create and keep certain information related to their compliance with federal laws. Belo

If the pandemic has taught us anything, it is that virtual communication has provided ease and convenience when trying to connect with others. While most of us may be feeling “Zoom fatigue” from our everyday jobs, video and phone appointments are extremely helpful and have become more prominent in the health care world. Telemedicine has made health care more efficient by providing remote access to a variety of medica

Employees are more likely to be engaged and loyal to organizations with a mission they believe in and trust. An organizational mission, sometimes called a mission statement, is a brief, broad statement about a company’s goals and how it intends to meet them. Cultural values are a way for the organization to achieve its mission. The values define employee behavioral expectations and explain how leadership expect

The Pregnant Workers Fairness Act (PWFA) and the Providing Urgent Maternal Protections for Nursing Mothers Act (PUMP Act) were expanded to include more protections for employees who lactate. These new provisions affect all workplaces in the U.S. and are now in effect. The PUMP Act applies to all businesses with more than 50 employees. Companies with fewer than 50 employees are also affected unless the business can pr

Supporting your employees and their mental health is something that a successful organization prioritizes. It’s important to remember that mental health is just as important to maintain as physical health. Healthy employees mentally and physically are beneficial to the whole organization. Mental health issues can lead to lack of concentration, loss of interest and mood changes, which can ultimately affect work perfor