7 Myths About Health Reimbursement Arrangements (HRAs) Debunked
Posted: December 13, 2023
7 Myths About Health Reimbursement Arrangements (HRAs) DebunkedHealth Reimbursement Arrangements (HRAs) are a valuable and flexible tool for employers to provide health benefits to their employees. However, like many aspects of the insurance industry, there are some misconceptions about HRAs. Let’s debunk seven common myths and set the record straight. Myth 1: HRAs Don’t Qualify as a Real Health Benefit Debunked: HRAs are indeed a genuine health benefit. They are employer-funded accounts...
Small Acts of Appreciation that Transform Company Culture
Posted: November 28, 2023
Small Acts of Appreciation that Transform Company CultureThanksgiving is a time when we gather with loved ones to express gratitude for the blessings in our lives. It’s a beautiful reminder of the power of appreciation and Thanksgiving. But why limit this spirit to just one day a year? In the workplace, cultivating a culture of gratitude and appreciation year-round can transform company culture and employee morale. Some of the ways to cultivate...
Which savings plan is right for me?
Posted: November 13, 2023
Which savings plan is right for me?In managing your healthcare expenses and saving for the future, two popular options often come into play: Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs). While both offer tax advantages for covering medical costs, some key differences can impact your financial strategy. Comparing and contrasting HSAs and FSAs can help you determine which savings plan is right for you. Health Savings Accounts (HSAs): An...
What Happens to My 401(k) When I Change Jobs?
Posted: October 28, 2023
What Happens to My 401(k) When I Change Jobs?An employer-sponsored 401(k) plan is a great way to save money for retirement. With matching contributions from your employer, you are essentially getting free money added to your savings. However, you may not stay with the same employer for the duration of your working years. What happens to your 401(k) account when you change jobs? Your funds will remain with your old employer-sponsored plan until...
Your 3-Step Plan for Improving Employee Retention
Posted: October 13, 2023
Your 3-Step Plan for Improving Employee RetentionAn attractive benefits package can help attract top talent to your company. It can also help you retain the most valuable asset your business has – your staff. Employees who are well compensated for their work through pay, benefits, and perks are more motivated to do their work well and stay with the organization for years to come. While salary will always be an important...