Coronavirus & HSA Eligibility

March 11, 2020
With growing concern about the spread of novel coronavirus (COVID-19) in the United States, carriers and states are working to ensure Americans have access to appropriate healthcare in the event they become ill. Some carriers are taking proactive steps that include: Waiving co-pays for... Find out more »

7 Benefits of Forming a Captive Insurance Program

March 4, 2020
As Property & Casualty rates rise, and new exposures to loss increase (such as cyber risk, directors and officer liability, and wage and hour liabilities), insurance may more frequently be on your mind. You may have heard that captives are a viable alternative to save money and possibly... Find out more »

Background Checks: The Fine Line of Staying in Compliance

Background checks allow employers to get a clearer picture of an applicant’s job and personal history. So, what happens if you find out that the applicant has a criminal background or has been convicted of drug use? Denying an applicant a job based on what you discover during a background... Find out more »

Employees Need to Know About 401(k) Required Minimum Distributions

February 24, 2020
Effective January 1, 2020, your employees must withdraw at least the minimum amount from their employer-sponsored 401(k) and IRAs (Individual Retirement Accounts) by age 72. The required minimum distribution (RMD) age was formerly 70½. The RMD amount is determined by applying a life... Find out more »

When Workers’ Compensation Costs Balloon, Company Turns to a Captive Solution

Experiencing healthy growth is a great thing! Over a nine-year period, our client grew its revenue from $15 to $170 million. To keep up with the growth during this time, the company’s workforce grew significantly. A fast-growing workforce with fast-growing expenses When companies grow... Find out more »

Making the Business Case for an Insurance Captive

February 18, 2020
Most companies, including mid-sized organizations, tend to think of only one insurance model – pay an insurance company a premium for coverage and to help manage specific risks. This is a sunk cost that you may have little control over. Insurance captives provide a different model, removing... Find out more »

Top 5 Workers’ Comp Fraud Schemes

February 14, 2020
According to the National Insurance Crime Bureau, fraud costs insurers and employers over $7 billion a year. Studies show 10 percent or more of all property/casualty insurance claims are fraudulent. The most common fraud schemes are: 1.   Fraudulent billing and billing codes. The... Find out more »

How Life Insurance Works in Divorce Settlements

February 12, 2020
Of the two main types of life insurance, permanent and term, only permanent is usually a significant part of a divorce settlement. Permanent life insurance — whether whole life or universal life — provides coverage for the lifetime of the insured as long as premiums are paid, though... Find out more »

Ways to Make Saving Easier for Your Employees

February 3, 2020
Employees know they should save for retirement, but it’s not always easy. Many worry they don’t have enough money to put into retirement savings because they’re having difficulties paying bills. You can help employees save and maximize their savings. As an employer, you are... Find out more »

Key Elements of a Good Health Benefit Plan for Small Companies

January 31, 2020
The cost of providing health insurance for employees and their families is expected to be five percent higher this year than in 2019. The National Business Group on Health estimates that the average cost of coverage for an employee and their family will be $15,375. This is obviously bad news for... Find out more »