The Kaiser Family Foundation (KFF) annual employer health benefits survey provides individuals and companies with a detailed insight into modern trends in employer health benefits. This survey of non-federal and public firms covers a wide range of health-related topics including premiums, self-funded contributions, cost-sharing provisions, offer rates, wellness programs, and employer practices.
South Carolina is a very popular state amongst the retirement community for a great number of reasons. The state has quality healthcare options, scenic views, outdoor recreation, and mild weather. But one of the biggest draws South Carolina has is its low taxes–both on property and in the various deductions and exemptions. But what about taxes on social security benefits?
The cost of healthcare is constantly rising, so many individuals prepare for potential medical expenses by contributing to job-related FSA accounts. But what happens to the money you contribute to an FSA if you leave or lose your job? You definitely don’t want to lose the hundreds or even thousands of dollars you’ve contributed, so to better where that money goes when you no longer work for your employer, let’s take a closer look at FSAs, COBRA coverage, and ways you can use your FSA money before you lose it.
Healthcare is an incredibly costly, yet vital expense for individuals all around the world, especially because everyone faces medical problems at some point or another in their lifetime. Some people are fortunate enough to be able to afford those associated doctor’s bills, prescriptions, surgeries, and hospital stays, but those from lower-income homes may struggle to raise funds.
Flexible Spending Accounts are invaluable tools that your employees can use to offset the oftentimes overwhelming and expensive costs of medical care. They provide an additional layer of financial protection for families beyond insurance and a certain peace of mind along with it.
We are pleased to announce that Beckham Insurance Group has partnered with Patriot Growth Insurance in order to best serve our clients. The combined company has over 1,000 employees, 10,000 business clients, 80 locations, and is one of the Top 20 privately owned employee benefits consulting firms in the United States.
Beckham Insurance Group clients will now have access to nationally negotiated contracts with Insurance Companies, Industry Leading Analytic Tools, Benefit Administration Systems, Benefit Communication Technologies, ERISA attorneys, Actuaries, IT Solutions, and membership in the TRUE network of advisors: the nations leading employee benefit consulting association.
Beckham Insurance Group will retain their distinctively local operation ( same offices in SC and GA) and our clients will continue to work with the same great staff. We are excited about this new partnership and look forward to our continued success together!
Under the Affordable Care Act (ACA), specific reporting requirements have been instated over the years that require employers to account for the kind of health coverage they provide their employees with. These reporting requirements are governed by two Sections of the Internal Revenue Code, 6055 and 6056, and each relates to specific health-related topics. These Sections, like others in the Code, are subject to constant changes and updates that must be complied with if employers are to report their health coverage options legally.
Mental health programs have been developing and growing in very positive, encouraging ways throughout the course of the COVID-19 pandemic. There has been a significant uptick in the amount of value both society and business have placed on mental health, and much progress has been made in securing better mental health benefits for employees across the board.
Employee resignations have been on the rise recently causing many employers to scramble to find ways to reduce their ever-growing turnover rates. The COVID-19 pandemic has spurred a significant increase in these resignations, especially among lower-level, low-wage employee groups. These individuals were faced with the unprecedented large-scale opportunity to leave their jobs and seek better-paying positions, leaving their former employers scrambling for help.
Everybody wants to enjoy a peaceful, worry-free retirement one day. But if you don’t plan for the future now, it may be much more difficult to do so later. 401(k) plans are a great tool individuals can use to save for retirement. It offers many great benefits, on top of being a solid savings fund, and many employees seek out jobs almost solely for benefits like a 401(k).
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A Division of Patriot Growth Insurance Services, LLC
Charleston Office
802 Coleman Blvd, Suite 101
Mount Pleasant, SC 29464
Map | 843-766-3393
Greenville Office
220 North Main Street
Greenville, SC 29601
Map | 843-819-0908
Georgia Office
301 Sea Island Rd, Suite 6
St. Simons Island, GA 31522
Map | 843-766-3393
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BlueCross BlueShield of South Carolina is an independent licensee of the Blue Cross and Blue Shield Association.
Beckham Insurance Group is an authorized agent for Blue Cross Blue Shield of South Carolina.
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