Month: February 2019

After salaries, Health care benefits are an employer’s largest employee-related expense, according to the Bureau of Labor Statistics. A 2016 survey by the Society for Human Resource Management (SHRM) pegged the annual cost in 2016 at $8,669 for each employee. At the same time, employers are... Find out more »

Less than 37 percent of small business owners feel they have adequate cyber liability insurance protection, according to a new study conducted by The Hanover Insurance Group, Inc., and Forbes Insights. The National Association of Insurance Commissioners (NAIC) has identified the main cyber risks... Find out more »

It’s never too soon — or too late — to plan for retirement and to take positive steps for saving money More than three out of five 65-year-olds are expected to reach age 80, according to the Social Security Administration — an increase of almost 50 percent from 50 years... Find out more »

Even employees who save money can run into a bit of financial trouble. A new payroll option might make their lives easier. ADP, Daily Pay, Kronos, Even and other online payroll administrators now give employers the option of offering their hourly employees access to their paychecks for work... Find out more »

When available, generic drug substitutes generally save about 30 percent. Generic medications have been hailed as a great way to save money on prescriptions and control escalating health insurance premiums. Generics usually cost substantially less than name-brand drugs, but be aware that... Find out more »

Although employer-sponsored group health benefit open enrollment is behind us, it’s not too early to start looking at what strategies will be in favor in 2019 to curb costs. The Society for Human Resource Management (SHRM) reports that group health benefits are expected to approach $15,000... Find out more »

DEERFIELD, IL  — Alera Group, a leading national insurance firm, today announced that it has acquired Broad Reach Benefits, LLC, effective February 1, 2019. Terms of the transaction were not announced. Broad Reach Benefits, headquartered in Madison, New Jersey, offers a wide range of... Find out more »

DEERFIELD, IL  — Alera Group, a leading national insurance firm, today announced that it has acquired Broad Reach Benefits, LLC, effective February 1, 2019. Terms of the transaction were not announced. Broad Reach Benefits, headquartered in Madison, New Jersey, offers a wide range of... Find out more »

DEERFIELD, IL  — Alera Group, a leading national insurance firm, today announced that it has acquired Whipple & Company, effective February 1, 2019. Terms of the transaction were not announced. Whipple & Company, based in Boca Raton, FL, was founded in late 2016 by Melissa Whipple,... Find out more »