News

News

 

Important Numbers for 2019

The Internal Revenue Service announced some very important number companies and employees need to know about health savings accounts, 401(k)s and flexible spending accounts. Note: All of the changes take place in January 2019. 401(k) Pre Tax Limit Increases – Pre-tax contribution limits for employees who participate in a 401(k), 403(b) and most 457 plans increases
Read more

Long-Term Care or Long-Term Disability?

What is the difference between long-term care and long-term disability insurance? Long-term care insurance Since people are living longer, employees are asking more about long-term care (LTC) insurance and want to know if it is part of their employer provided group benefits insurance plan. While most realize LTC will cover their end of life nursing
Read more

Level-Funded Health Plans

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
Read more

Open vs. Annual Enrollment

What is the difference between open enrollment and annual enrollment? Open enrollment is when Americans enroll or change freely their ‘health insurance plan or other benefit program’ (source) whereas annual enrollment is a time period “usually but not always occurring once per year, when employees of companies and organizations may make changes to their elected fringe
Read more

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,
Read more

Employee Recruitment and Retention

Second in a series of five ‘HR challenges’ facing small businesses, we take a look at why, especially now, HR is so important to small and midsize (SMB) companies (Related post: “Why HR For Small Business“). Here in the Pacific Northwest, Seattle and the North Puget Sound small and midsize companies are competing with one
Read more