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5 voluntary benefits plan design tips

WEX Inc.

For example, younger employees might benefit from budgeting tools and renters insurance, while older employees might be more interested in long-term care and disability insurance. ” Learn more about employee benefits by subscribing to our blog ! The information in this blog post is for educational purposes only.

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Are Your Benefits Enough to See Employees Through a Crisis?

InterWest Insurance Services

Over 80% of middle-market respondents report that they got their health insurance, disability insurance and retirement plan all through their employer. Meanwhile, six in 10 have no life insurance in place outside of the workplace. Are life insurance benefits adequate?

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Illness or Injury: How Your Business Can Protect Your Employees

InterWest Insurance Services

You as an employer can help by offering group disability insurance to your employees. This insurance helps replace a portion of a worker’s income if they lose their income due to an injury or illness. Typically, disability insurance policies will replace between 50 and 65% of a worker’s income.

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Employee Benefits: The Only Guide You Need

Achievers

Federal and state mandated benefits include health insurance, worker’s compensation, unemployment insurance, and required leave time for caring for family and/or personal medical purposes. Health insurance, and family and medical leave, are not required for all businesses. What are benefits that are voluntary?

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What are voluntary benefits?

WEX Inc.

Health Voluntary benefits help employers fill any additional health needs that might not be covered by typical health insurance. Employees can receive more options such as critical illness insurance, disability insurance, and accident insurance, along with additional dental and vision benefits. Go to our webpage.

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NJ Workers’ Compensation Benefit Rates Increase in 2022

Workers' Compensation

The New Jersey Department of Labor and Workforce Development (NJDOL) announced increases in the maximum benefit rates for Unemployment Insurance, Temporary Disability Insurance, Family Leave Insurance, and Workers’ Compensation for the calendar year 2022. percent of taxable wages for the calendar year 2022.

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Are You Financially Resilient?

Money Talk

. ¨ Purchase Adequate Insurance - Protect dependents against the loss of a breadwinner’s income with life insurance and buy disability insurance to provide continued income following an accident or illness. For more information about increasing financial resilience, review this post from the Get Rich Slowly blog.

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