4 Types of FSAs & How They Work
Posted: April 28, 2022
An FSA, or “Flexible Spending Account,” can be an excellent benefit to offer your employees, and to your business bottom line, as the contributions are pre-tax. Several types of FSAs are available: Medical Expense FSA These accounts pay for eligible medical costs, prescription drugs, copayments, deductibles, medical devices, and other costs. Another option, a “limited medical FSA,” can cover the cost of preventative healthcare services,...
Home Renovations That Can Affect Your Insurance
Posted: April 16, 2022
Renovating your home can enhance your living environment and increase the value of your property. Home renovations can be chaotic at first, with debris from demolitions piling up. While looking forward to an improved home environment, you need to be aware of some types of home renovations that could affect your insurance coverage. Pools A pool can significantly enhance the value of your home and...
Can Employers Reimburse Employees for Health Insurance?
Posted: April 13, 2022
Since 2020 with the enactment of the “21st Century Cures Act,” employers of any size could reimburse their employees for the costs of individual health insurance plans. The Affordable Care Act required employees with 50 or more employees who worked at least 30 hours per week, to offer health insurance. With a vast majority of US businesses having less than 50 employees, many people working...
5 Spring Home Maintenance Tips
Posted: April 1, 2022
When spring arrives, it is time to get ready for the warmer months. These five spring maintenance tips can help you maintain and protect your home. Roof Inspection Your roof has been subjected to harsh winter weather and should be inspected yearly. You can inspect the roof yourself, but it is not recommended. It is advised that you contact a professional roofing company to inspect...
How Does Employee Turnover Impact Your Business?
Posted: March 28, 2022
A loyal, dependable workforce is a critical aspect of business success. When a company is experiencing a high turnover rate, it is imperative that you discover what is driving the exodus before it worsens. The costs of employee turnover to a business are more than financial, and include the following: Reduced morale. Workplace relationships are important, and when a valued employee leaves, it impacts the...