Recruiting is more than simply pointing and picking employees - it involves strategy. And just as an NBA team’s coach watches players year round in order to recruit, small businesses should be doing the same with candidates. It’s what it takes to find the best of the best. Last week, I wrote an article featured on HR.com about how small business owners can make 2015 thier best recuriting year ever. Here are the highlights from the recent Zane Benefits feature.
In the past, most small businesses offered health benefits to employees with a group health insurance policy. But, many small businesses face challenges with offering health benefits in the traditional way. As a result, small businesses are looking to new ways to offer health benefits. And here’s a surprise - the solution involves not offering health insurance at all.
Most people know how much money is spent every year on traditional health benefits. But did you know that in the United States, including taxes, monthly premiums, and leftover bills insurance refuses to pay, we spend more money on health insurance than almost any other product? And even if you’re in a position to have access to employer provided insurance, the drawbacks can be many: skyrocketing premiums, ever-increasing deductibles, the inability to choose your physician or even the particular plan you’d like.
As an owner of a small business, you want to provide your employees a work environment that is pleasant, productive, and sustainable. The ancillary benefits you offer are appreciated and surely do not go unnoticed. Yes, your employees love the free soda and Hawaiian Shirt Day, but what they truly need is the benefit of long-term financial security. Your small business can help by offering a retirement savings plan.
Small employers want to offer health benefits to recruit and retain the best employees. But, there’s a problem. Traditional group health insurance is too expensive. As a result, only 54% of small and medium sized businesses offer traditional health insurance today. Under Obamacare, small employers with fewer than 50 employees are not required to offer health insurance, but most want to. And, there are new advantages of individual health insurance such as the premium tax credits and guaranteed-issue coverage. All of these factors leave many small business owners asking, "Can I just reimburse employees' individual health insurance?"
The appeal of the Affordable Care Act’s Health Insurance Marketplaces is to keep insurance affordable by spreading risk across a broad pool of diverse individuals. This means that healthy young adults must enroll in order to offset the insurance costs of older and sicker participants. Other strategies the ACA employes to keep premiums low is utilizing premium tax credits and maintaining the individual mandate. The “Marketplace” is an online market that the Affordable Care Act (ACA) created for Americans to purchase health insurance. According to the law, insurers in the Marketplaces must offer coverage to all eligible buyers.
Customer loyalty is the backbone of your business. Without dedicated customers who purchase your products or services, you’re not left with much of a business. You have hundreds, if not thousands of customers who patronize your business and the last thing you want to do is lose them to competition or for any other reason.
The U.S. health insurance industry is undergoing a massive transition. So, what does this mean for the health insurance carriers? A recent analysis by Employee Benefit Adviser (EBA) and miEdge ranked the top large-group health insurance carriers in the U.S. for the year 2014. Now, while being a large insurer does not necessarily mean they provide the best health insurance, it is an interesting look at product and market share in the health insurance industry today.
Sunday, March 29 is National Mom and Pop Business Owners Day. Zane Benefits will mark the occasion by recognizing our valuable partners who support small businesses everyday. Gary Adkins’ mission is helping Mom and Pop Business Owners succeed. How does he do it? Read Mr. Adkins story.
Open enrollment for individual health insurance coverage in 2015 is over… or is it? If you owe an Obamacare Individual Mandate fee on your taxes for not having health coverage in 2014, and you don’t yet have health coverage for 2015, you may still be able to get coverage for 2015. This is according to a recent announcement by the Department of Health and Human Services (HHS). Here is what you need to know about the new special enrollment period, extended through April 30, 2015.
Disclaimer: The information provided on this website is general in nature and does not apply to any specific U.S. state except where noted. Health insurance regulations differ in each state. See a licensed agent for detailed information on your state. Zane Benefits, Inc. does not sell health insurance.