Looking for a solution to rising healthcare costs and to keep your health care spend down? Up until recently it’s been too ‘risky’ for small businesses to ‘self-insure’ but new options in health plans give small and midsize companies similar self-insured employee coverage that the larger companies have long utilized. Level-funded plans essentially bundle the…
Author: GoupBenefitsNW
Employee Group Benefit Basics
What are employee group benefits? Between the years 1930 to 1950, in response to Labor Unions’ demands for better wages and working conditions, U.S. companies and the unions negotiated the employee benefits which are commonly found today in ‘both union and non-union companies.’ Much like today, employers used wages to compete for the best talent…
Health Savings Accounts (HSA) Are Still A Good Choice For Small Business
HSAs or Health Savings Accounts are a great way for small businesses to provide benefits for their employees. They are probably one of the less utilized solutions in the marketplace today even though they’ve been in effect for 10 years. The IRS may allow for employee, employee family members and employer to ‘make tax-deductible contributions’…
How To Plan For A Secure Retirement
by Barry H. Spencer | Dec 26, 2017 When most people think about investing for retirement, it’s usually in terms of market returns — because that’s what the media wants us to think about. Every evening on the news, right before a commercial break, they’ll give you a 20-second market update: The S&P was up 1 percentage point,…