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Navigating employee benefits can be complex for employers, especially when balancing cost control with providing comprehensive offerings to workers. Acting as an intermediary between employers and insurance providers, benefit brokers help design, implement and manage employee benefits programs.
PlanSource is an online platform that offers comprehensive benefits administration solutions to employers and employees. The platform offers a wide range of benefits administration solutions, including health and wellness programs, retirement planning, and employee insurance plans.
You as an employer can help by offering group disabilityinsurance 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, disabilityinsurance policies will replace between 50 and 65% of a worker’s income.
Furthermore, research shows that 73% of employees are significantly more likely to remain with an employer that provides a comprehensive benefits package. Employee benefits providers are organizations that specialize in designing, administering, and managing employee benefits packages on behalf of employers.
Most employment contracts have an at-will clause meaning you can terminate a position at any time for any legal reason. Before you consider terminating an employee , be sure to review the details with an employment lawyer to ensure you’re not violating their rights related to taking leave. Americans with Disabilities Act.
Though the employer mandate provisions of the Affordable Care Act have been delayed, health care insurance costs, taxes and fees are expected to continue to climb. Postponing your decision to provide health care insurance could prove to be very costly for your business. Use a health insurance broker.
Changes within the Department of Government Efficiency (DOGE) could have negative economic repercussions for states that rely on a loophole that allows workers' compensation insurancecarriers to benefit from Social Security Disability payments through reverse offsets.
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