What is Captive Insurance? Today we will be exploring captive insurance in more detail as a follow-up to last month’s blog. Before explaining why captive insurance programs are trending upwards, let’s review some basics. A captive is a way to add an extra layer of protection and reduce premiums compared to the traditional self-insured…
Read MoreAs Healthcare costs continue to outpace inflation, insurance premium increases have become a major concern for all businesses. If you are a mid to large employer though, you are most likely eligible for some of the top cost-containment strategies available in employee benefits. Different forms of self-funded insurance plans have become the biggest talking point…
Read MoreCan small to mid-sized businesses self-fund health insurance? The answer is YES – via the stepping stone model called Level Funding A trend in group health insurance solutions called Level Funding is growing in popularity. It enables small to mid-sized companies to get the savings and levels of protection previously only available to very large…
Read MoreHave you been struggling with HR tasks and managing multiple systems and vendors? If so, a Professional Employer Organization can be your one-stop solution. The market is bustling with innumerable options, and finding the best fit isn’t an easy task. And if you are currently in a PEO, getting out can be just as…
Read MoreRegardless of how long you’ve been a business owner, it’s no secret that running your own company is no easy task, especially in the medical field. You have so much on your plate in addition to typical administrative tasks, and trying to organize it all and give it the time it deserves is tricky. That’s…
Read MoreSmall businesses are made up of people, which is the small business’s greatest asset. After all, without people to take care of your customers, your small business wouldn’t exist. The department dedicated to taking care of your people is human resources. Human resources is the backbone of your organization. They ensure your employees are happy…
Read MoreHuman resources (most often shortened to HR) is responsible for all of the activities and care of an employee while they are employed with the company. From recruiting and hiring of employees to the onboarding, training, and ultimate firing or handling of when an employee quits, HR ensures that employee’s needs are taken care of.…
Read MoreIf you’re a parent, one of the hardest things to do is to leave your newborn baby in the care of a nanny or a babysitter while you return to work full time. No doubt tears were shed and then some. In fact, you secretly wished you could work from home so you could be…
Read MoreSince COVID-19, many people have made the transition to remote work out of necessity. This may have been difficult for some and easy for others. However, it was probably a sudden move out of necessity for many. In the shuffle and perhaps chaos of the moment, your employees may have struggled or still be struggling…
Read MoreUsually when open enrollment rolls around, your company has a lot of informational meetings you can attend where you can ask questions and get clarity. However, with so many employees working at home due to COVID-19, employee benefits are now more befuddled than before. Plus, with new services being needed, such as telehealth services, employees…
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