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Providing Cost Effective Employer-Sponsored Healthcare Benefits

Providing Cost Effective Employer-Sponsored Healthcare Benefits

According to the Bureau of Labour Statistics, the number of employed people in the US is about 154 million. Considering the average employer-sponsored healthcare benefits annual premium costs $7,700 for single coverage and $22,000 for family coverage. It’s easy to see...

Navigating Paid Leave For Your Employees In CT

Navigating Paid Leave For Your Employees In CT

The US is one of the few nations that does not have federal policies guiding paid leave. The Family Medical Leave Act (FMLA) only has provisions for unpaid leave. Therefore, individual states have drafted regulations on paid leave. So far, only 16 states have such...

Healthcare Options For Organizations

Healthcare Options For Organizations

Rising healthcare costs are a concern for both individuals and employers. Survey data from Kaiser Family Foundation shows that 87% of employers feel it is unsustainable to offer healthcare benefits in the long run.  Understandably, some employers are ditching health...

Setting Up a Special Group Insurance Plan

Setting Up a Special Group Insurance Plan

Also known as employer-sponsored health insurance, the Kaiser Family Foundation (KFF) data shows that 49% of the US population receives group insurance. The states with the highest number of group insured employees are Illinois at 53% and New York at 49%.  For an...

Navigating Employee Benefit Compliance in CT

Navigating Employee Benefit Compliance in CT

If you own a company or work as an HR professional, you already know how fluid employee benefits compliance can be. It would be best to actively look out for legislative changes, as one slight oversight will find you on the wrong side of the law.  That said, employee...

Navigating Employee Benefit Compliance in MA

Navigating Employee Benefit Compliance in MA

The Great Resignation shows no sign of slowing down. While not as high as the 3% seen last winter, the May 2022 resignation rate is still a healthy 2.8%.  One of the best ways to combat this is by offering employee benefits. For instance, as of March 2021, 92% of...

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