Blog - Beckham Insurance Group

group of employees sitting at a table: GHPs for small businesses.

How Small Businesses Can Navigate Group Health Insurance with Confidence

December 15, 2022/in Blog /by Beckham Insurance Group

Finding a group health insurance plan for your business is a major task. With so many policies to choose from, it can also be overwhelming. Fortunately, with a few helpful tips, you can navigate group health insurance with more confidence and ease. If you’re ready to start your search for the perfect plan, our team at Beckham Insurance Group is here to help. Read on to learn more about group health insurance for small businesses. We’ll also answer key questions concerning coverage requirements, options for pre-existing conditions, ACA requirements, and potential tax benefits.

Woman walking on treadmill: health benefits for employee retention

Health Benefits for Employee Retention: Is Your Company Missing Out?

November 30, 2022/in Blog /by Beckham Insurance Group

Retaining top-talent employees is vital to any business, and health benefits can go a long way in helping your retention rate. After all, it is one of the primary benefits that most working professionals seek when job hunting. However, you need to be strategic with your health benefits options. Offering the wrong options, charging too much for healthcare, or making your policies confusing can make employees want to switch and find their health benefits coverage elsewhere.

Woman working at a desk: 10 benefits your employees actually want

10 Benefits that Employees Actually Want

November 20, 2022/in Blog /by Beckham Insurance Group

Attracting the best employees for your business can be hard in a competitive job market. Fortunately, there are several ways you can make your company more enticing to top candidates. One of the best ways to draw in the best talent is by providing a range of benefits in addition to their salaries. Keep in mind that while many benefits options are available, some rise above others in drawing the most qualified professionals to your business.

Is a Gap Plan a Good Option for Your Company?

October 31, 2022/in Blog /by Beckham Insurance Group

The cost of healthcare has steadily risen over the past few decades. One way that companies work to reduce this financial burden for their employees is by providing solid insurance options that cover everything from hospital visits to annual check-ups. Yet, even the best medical insurance may come with expenses that just aren’t covered. These out-of-pocket payments can quickly add up for your employees. Fortunately, gap health insurance can solve this problem. If you’re wondering if a gap plan is a good option for your company, read on to learn more about this unique policy type.

High-Deductible Health Plans: Should You Offer Them?

October 14, 2022/in Blog /by Beckham Insurance Group

As more small business owners feel the pinch of rising healthcare costs, many have turned to high-deductible health plans. These plans are popular because they are cheaper for business owners and in some cases, they may be cheaper for employees. However, there are times when these plans can put your employees at a disadvantage. Fortunately, there are a few ways to mitigate that, and it all boils down to working with a professional who will help you design a plan that is completely customized for your business.

Employer handing an employee a benefits booklet for employer sponsored coverage.

Your Guide to Nondiscrimination Rules for Employee Benefit Plans

October 7, 2022/in Blog /by Beckham Insurance Group

In 2018, America’s Health Insurance Plans (AHIP)—a trade association for health insurers—conducted a study on the impact that healthcare coverage has on employee retention. The study revealed the following:

2023 written in the sand at the beach: designing your company's annual enrollment period

2023 Health Plan Enrollment & What You Need to Know

September 30, 2022/in Blog /by Beckham Insurance Group

Designing enrollment plans for your employees can be tricky, but it doesn’t need to be when you have the right support. To help you get started, read on to learn about the different options available when designing your health plan enrollment.

Understanding a Health Reimbursement Arrangement

September 21, 2022/in Blog /by Beckham Insurance Group

Health reimbursement arrangements can be very beneficial to employers and employees alike. They provide tax-free money to employees that they can use to offset the often expensive costs associated with healthcare, and they provide employers with tax deductions that can help them save money on their insurance options.

There are several different health reimbursement arrangement policy types available to businesses today, but before we dive into those, let’s take a minute to learn a bit more about what this kind of arrangement is and what the tax benefits look like.

An empty desk inside of an office: your guide to leave of absence and employer best practices

12 Types of Leave of Absence & Employer Best Practices

September 12, 2022/in Blog /by Beckham Insurance Group

Time off is one of the best benefits employers can offer their staff. And whether the leave is paid or unpaid it can go a long way toward making your employees’ lives easier. Leave is divided into two main categories–mandatory and voluntary leave–and each of these covers a wide range of opportunities and circumstances where employees may need to take time off.

Person putting money into a piggy bank: PCORI fees and what you need to know

PCORI Fees & What You Need to Know

August 18, 2022/in Blog /by Beckham Insurance Group

The Patient-Centered Outcomes Research Trust Fund (PCORTF) fee is a cost charged to those who issue specific health insurance policies and to those who are plan sponsors of qualifying self-insured healthcare plans. It is the main fee that helps to fund the Patient-Centered Outcomes Research Institute (PCORI). Read more