Remove 2023 Remove Disability Insurance Remove Life Insurance
article thumbnail

Workers’ compensation vs disability insurance

Higginbotham

Workers’ compensation and disability insurance are two different types of programs that can provide benefits. Learn about the differences between workers’ compensation vs disability insurance and why your workers may need access to both. What are disability insurance benefits?

article thumbnail

Mental Injuries: Workers’ Compensation and Disability Insurance Part 1

Workers' Compensation Perspectives

Many workers’ compensation jurisdictions and work-disability insurers have noted increasing mental disorder (also called psychological injury, mental injury) claims over time. US Social Security provides benefits to workers for certain disabilities. In this post, we survey some of the data reflecting this increase.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Voluntary Benefits Improve Employee Satisfaction and Retention

InterWest Insurance Services

cancer insurance) Pet insurance. A 2023 Harris Interactive poll found that when employers offer voluntary benefits, 55% of workers, on average, report that they are satisfied with their employer’s overall benefit mix. Roll them out a few at a time, starting with life insurance, dental/vision and/or disability insurance.

article thumbnail

10 Unique Extrinsic Rewards That Your Employees Will Love In 2023

Vantage Circle

You want your employee benefits package to include at least some of these popular fringe benefits : Health insurance. Life insurance. Disability insurance. ." Long story short, fringe benefits are taxable employee benefits and must be included in the recipient's pay. Tuition assistance. Commuter benefits.

PTO 106
article thumbnail

Leveraging employee financial wellness programs in your benefits strategy

Higginbotham

According to a 2023 survey from the Lending Club, 60 percent of Americans are living paycheck to paycheck. Federal student loan payments are resuming in October 2023 after a multiyear pause due to the COVID-19 pandemic. Life insurance is a staple of financial preparedness. According to the Education Data Initiative, 43.6

401(k) 52
article thumbnail

Navigating employee benefits: A comprehensive guide for growing businesses

Insperity

Other types of insurance If an employee loses their ability to earn an income on a temporary or permanent basis, certain types of insurance can help protect their families and livelihoods. Disability insurance , provides employees with replacement income and pays for medical bills if they become disabled and are no longer able to work.

article thumbnail

How to Design an Employee Benefits Program Effectively

Empuls

Employee benefits statistics to support why they are so important in 2023 Employee benefits are important for several reasons: They can help companies attract and retain top talent. They are designed to help employees manage their health and well-being, and typically include health insurance, disability insurance, and wellness programs.