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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

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

Life insurance is never pleasant to talk about, but it is recommended to purchase a policy if you want to take care of your loved ones when you pass away. It is one of the most common employer-provided benefits. There are a few different types, depending on premium costs and investment options. Learning which policy best suits your and your family’s needs can be confusing, so we simplified the process by listing your

In 2022, many economists predicted a “Great Resignation” that would stem from many employees simply quitting. Instead, workers have sought out better jobs. As such, experts have begun referring to the current situation as the “Great Reshuffle.” But regardless of why they may be leaving, retaining top performers remains a struggle for employers. Going into 2023, it’s a good idea to make employee retention a resolution

Voluntary benefits, also known as supplemental insurance, are becoming increasingly common among employers as a tactic to attract and retain top-performing employees. Earlier this year, the Bureau of Labor Statistics reported that for every one unemployed person there are two open jobs available. That means that candidates have options to consider when joining a team, and businesses are competing with each other to h

Each year by June 1, the IRS must announce inflation-adjusted limits for health savings accounts and high deductible health plans. On April 29, 2022, the IRS released Revenue Procedure 2022-24 to provide the inflation-adjusted limits for HSAs and HDHPs. The adjusted HSA limits will take effect on Jan. 1, 2023, and the adjusted HDHP cost-sharing limits take effect for plan years that begin on or after Jan. 1, 2023. Th

The Department of Labor, Health and Human Services and the Department of Treasury recently passed a new law to promote transparency in health care coverage. Starting with plan years beginning on or after Jan. 1, 2023, group health plans and health insurance carriers must make an internet-based price comparison tool available to participants, beneficiaries and enrollees. Keep reading to learn more about what this law

Pay and benefits are among the biggest deciding factors when an employee accepts an offer to work at a company. While a paycheck can show how much an employer invests in a worker, there’s much more under the surface that employees may not realize. Many employees aren’t aware of how much compensation they receive from their employers beyond their salaries. A total compensation statement can provide guidance on how muc

Hiring an employee benefits firm to manage your company’s benefits plans has its advantages. Instead of managing your company’s employee benefit packages in-house, experts at a firm like CanopyNation know the latest local and federal regulations regarding labor workforces and have access to a range of insurance providers and offerings. Partner firms of United Benefit Advisors® offer even more advantages to companies.

Employees within your organization are going to have different needs and values when it comes to their ideal benefits package. It’s important to keep in mind that benefits offerings are not one size fits all and the same benefits offerings will not satisfy everyone. If your organization is trying to appeal to current and prospective workers, consider personalizing your benefits options and tailoring them to the needs