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Importance of Employee Benefit Package And Why it Matters

HR Digest

From mandated health insurance plans to free snacks, benefits and perks can play a big role in talent attraction and employee retention. Health insurance Those benefits provide a baseline of employee expectations. Health care flexible spending accounts 3. Health insurance 2. Payroll taxes 2.

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The importance of disability insurance

Higginbotham

It’s a real risk, and it’s why anyone who depends on a paycheck needs to understand the importance of disability insurance. Why is disability coverage important? If you had a one-in-four chance of losing your house to a flood , you’d probably want to protect it with flood insurance. The FMLA doesn’t guarantee paid leave.

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Disability insurance for business owners

Higginbotham

If you’re someone who’s familiar with the intensity of that commitment, have you considered what would happen to your business if you were unable to work due to a disability? In this article, we will explore the importance of disability insurance for business owners and how it can help protect your livelihood in times of need.

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What is a benefits broker and how can they simplify employee benefits?

Higginbotham

Their expertise lies in understanding the insurance landscape and creating benefits packages that meet the unique needs of an employer’s workforce. This involves tailoring core benefits like health, dental and vision insurance while incorporating voluntary options, such as disability insurance, mental health benefits or life insurance.

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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. Employee assistance programs .

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Vena

HR Lineup

This includes the enrollment process, claims management, and administration of benefits such as health insurance, life insurance, disability insurance, and more. In addition to its core functionality, Vena also offers advanced features such as custom reporting, budget tracking, and compliance reporting.

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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.