How to Set Up an FSA (Flexible Spending Account): A Guide for Small Businesses

Offering an FSA, or flexible spending account, as part of your benefits packages can be uniquely beneficial for both you and your employees. When implemented correctly, FSAs can help both the company and the insured save money on health care costs and pay less in taxes. How can you decide if this particular health care… Continue reading How to Set Up an FSA (Flexible Spending Account): A Guide for Small Businesses

The Six Different Types of HRAs

What is an HRA, Generally?   HRA stands for “Health Reimbursement Arrangement.” An HRA isn’t traditional health insurance coverage; rather, it is a kind of health spending account that an employer can choose to provide to their employees. Funds in an HRA can pay for anything deemed a “qualified expense,” including medical, pharmacy, dental, and… Continue reading The Six Different Types of HRAs

What is an Association Health Plan?

When considering your organization’s health coverage offerings, it’s important to understand association health plans, or “AHPs.” Fundamentally, association health plans are a type of group medical insurance.  An association health plan can provide small businesses and their employees with significant savings, much like “large group” medical coverage provides to larger firms.   “Group insurance” means… Continue reading What is an Association Health Plan?

How to Pay 1099 Contractors: A 1099 Employee Paperwork Checklist

Your 1099 employees, also known as “independent contractors,” are important to getting things done at your company while staying within budget. Besides the money your company saves on Medicare and social security taxes, oftentimes, it’s easier to outsource a project to an experienced freelancer than it is to hire, train, and provide benefits for more… Continue reading How to Pay 1099 Contractors: A 1099 Employee Paperwork Checklist

1099 Employee Health Benefits Eligibility: A Guide for Employers

A common question that human resource professionals all over the country are asking is: “are part-time employees eligible for health insurance?” The short answer is, as always, “it depends.” In brief, your part-time employees are eligible for health insurance if you decide to offer it through your company. This choice, however, is totally up to… Continue reading 1099 Employee Health Benefits Eligibility: A Guide for Employers

The Basics of ACA Benefits Eligibility

Business owners and human resource professionals spend a lot of time looking for great coverage for their hardworking employees. In the search process, it’s important to have a foundational understanding of the Affordable Care Act, or the ACA. Read on for the basics of ACA benefits eligibility for small to mid-size businesses.   What is… Continue reading The Basics of ACA Benefits Eligibility

The Pros and Cons of Health Share Plans: How to Choose the Right Coverage for Your Organization’s Needs

Providing health insurance for the employees of your growing business is becoming more and more expensive each fiscal year. If you’re looking for alternatives that offer appropriate coverage while staying within your budget, looking into the option of health share plans can be a great place to start. Read on to explore the pros and… Continue reading The Pros and Cons of Health Share Plans: How to Choose the Right Coverage for Your Organization’s Needs

What Does Fully-Insured Business Mean?

You understand how crucial it is to develop a comprehensive benefits package, and that great health insurance is central to retention and recruitment of your organization’s talented workforce. When choosing which type of health plan is right for your business, it’s important to know the difference between the two main types of plans: fully insured… Continue reading What Does Fully-Insured Business Mean?

The Basics of Open Enrollment

The Most Frequently Asked Open Enrollment Questions, Answered Open enrollment periods can be complicated, even for Human Resources professionals. And for employees, selecting the perfect mix of health coverage benefits during an open enrollment period can seem tricky. It might feel like there are so many options, and such a short time frame for employees… Continue reading The Basics of Open Enrollment

Deciding Between a PEO and a Broker for Employee Health Benefits

You’ve put a lot of time and effort into building the perfect team to keep your business running smoothly. When it comes to crafting compensation packages, you know how important it is to select the right benefits – a great benefits package is crucial for recruiting and retaining top talent. While you’re considering your organization’s… Continue reading Deciding Between a PEO and a Broker for Employee Health Benefits