Medical Trends That Will Affect Your Pocketbook

March 1, 2019
You don’t need a crystal ball to know that health care costs will continue to climb. According to PwC’s Health Research Institute, growth fluctuated between five and a half and seven percent the past five years and is expected to increase six percent this year. The good news is that the more... Find out more »

New Ways to Keep Health Care Benefit Costs Down

February 27, 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 »

Are You Ignoring Your Cyber Liability?

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 »

Alera Group Acquires Broad Reach Benefits, LLC

February 12, 2019
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 »

Alera Group Acquires The Avon-Dixon Insurance Agency

January 7, 2019
DEERFIELD, IL (January 7, 2019) — Alera Group, a leading national insurance firm, today announced that it has acquired The Avon-Dixon Insurance Agency, LLC, from Shore Bancshares, Inc., effective December 31, 2018. The Avon-Dixon Insurance Agency, headquartered in Easton, Maryland, is a... Find out more »

How to Maximize 401(k) Limits and Savings Strategies

Your employees will be able to save more money in their 401(k) retirement accounts this year. The big question, though, is should they save the annual maximum?   New Contribution Cap For employer match accounts, the Internal Revenue Service raised the annual contribution cap for... Find out more »

A Simple Way for Small Employers to Assist Employees with Buying Health Insurance

December 18, 2018
Are you having difficulty finding a good, affordable health care benefit plan for your small business? If so, have you considered using a QSEHRA as an alternative? Congress created the QSEHRA, or Qualified Small Employer Health Reimbursement Arrangement, in 2016 as part of the 21st Century Cures... Find out more »

Does Sick Pay do What it’s Supposed to do? The Case For and Against

December 11, 2018
Studies show sick pay can reduce the spread of disease in the workplace, but also increase absenteeism. Sick leave allows employees to take a set amount of paid time off when they’re ill. It’s a coveted employee benefit, but some observers wonder if it encourages absenteeism, while others... Find out more »

What’s In and Out with Benefit Programs

November 30, 2018
When you offer benefits to your employees, you want to provide the type of benefits that will attract and keep valued employees.  However, benefits that once were popular can become less desirable. The Society for Human Resource Management (SHRM) and Forbes magazine conducted surveys to... Find out more »

Telemedicine and Workers Comp 2019

November 27, 2018
It looks as if telemedicine is a technology whose time has come.  In 2012, only 14 percent of large employers offered access to telehealth for select services. In 2018 — just six years later — 95 percent offer telehealth for minor, nonurgent services, in states where it is allowed,... Find out more »