Life insurance policies are incredibly valuable for both your company and your employees. They come in many different policy types, and each works to provide financial security for your employees. But the advantages of investing in life insurance are not limited to your employees. In fact, your company can also benefit from your investment in group life insurance.
Voluntary employee benefits provide significant amounts of value not only to the employees but to their companies as well. These benefits come in many different formats and cover a wide range of related and unrelated conditions that regular insurance may not, including fees associated with dental, vision, disability, and life insurance.
Workplace wellness is something that many companies try to achieve, but it can be difficult to start new health incentives if you don’t know what you’re doing. You need to make sure you have the right people for the task, give them access to information in order to make educated decisions, and implement programs that get your employees both excited and motivated about health.
Self-funded and level-funded health plans are two very popular options for businesses to pursue today. Each has a plethora of offerings that can draw companies in, and a few disadvantages that may discourage certain employer types.
But before you can know which health plan type is right for you, you need to know and understand the nuances between them. Learn which benefits are associated with each, so you can choose what your business needs most, and learn their disadvantages so you can safeguard against possible issues.
Unlimited PTO vacation plans are becoming more and more popular these days, but are they really the best option for your business? These plans can do wonders for boosting employee morale and attracting the best candidates for your business, but they can also hurt productivity levels and result in more employee burnout. Let’s take a closer look at PTO, its benefits, and the differences between limited and unlimited PTO vacation plans to get a better idea of what the best option would be for your business. Read more
Everyone loves employee benefits. In fact, most applicants will equally consider salary and benefits when considering employment with your company. Some will even choose to accept a lower salary than another position may offer if the benefits are better. These benefits can cover a range of advantages from better healthcare, provided meals or gym services, and paid vacation time.
But most benefitted jobs are full-time, so many part-time employees end up missing out. Fortunately, there are several benefits that are tailored to part-time positions. Here’s what you need to know about offering benefits to part-time employees. Read more
HSAs are incredibly valuable tools in insurance, but it’s important to be aware of contribution limits, which are updated every year. Sometimes, these updates change little, if anything, but for 2021, the IRS chose to increase HSA contribution limits, giving individuals the opportunity to add more money into their medical expense accounts. Here’s everything you need to know about 2021 HSA contribution limits.
Ancillary benefits are a vital form of coverage employers can offer their employees today. There are several different plan types that can supplement existing insurance policies so that your employees have all the coverage they need in times of crisis.
Existing ancillary plan types can include such benefits as disability insurance, accident insurance, life insurance, vision and dental insurance, pet insurance and much, much more. And as you can imagine, each of these ancillary benefits comes with amazing advantages. Read more
Employee benefits are an essential part of your business. Without them, you will have a hard time finding the best, most qualified employees for your business. But employee benefits can be tricky to navigate–especially if you’re not up-to-date with current employee benefits compliance guide.
To ensure you’re keeping up with all ACA compliance rules and avoid any possible penalties, you need to pay attention to the changes that are implemented and communicate them successfully to all your plan participants. Let’s take a look at some of the biggest ACA policy changes for 2021 to review what you need to know to have successful employee benefits compliance. Read more
Health Reimbursement Arrangements (HRAs), Health Savings Accounts (HSAs), and Flexible Spending Accounts (FSAs) are three different types of employer-sponsored benefit accounts that benefit employees in different ways. These accounts feature many similar benefits including healthcare assistance, tax advantages, and more, but their differences can be quite tricky to understand.
Because each of these accounts is designed to assist employees with the same kinds of issues, it’s no surprise that they have a lot of overlapping qualities. To better understand the unique advantages of each, let’s take a close look at the little areas where those differences lie.
Need an Individual Health
Insurance Quote?
Click here
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
Check us out on LinkedIn
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.
© Copyright 2021 Beckham Insurance Group | Privacy Policy Do Not Sell | Powered by: ClickGiant