Over the past few years, you may have heard about a Section 105 Plan. And while you may know little-to-nothing about this type of Plan, it’s important for you to understand what it is. Why? As a small business owner, whether you’re currently offering a group-sponsored health insurance plan, or nothing at all, a Section 105 Plan could be a great benefit to you and your employees. So, what is the difference between a Section 105 Plan and a group-sponsored health insurance plan? This article will help you better understand a Section 105 Plan, and more specifically a Section 105 Medical Reimbursement Plan, and how it differs from other health benefits such as a group-sponsored health insurance plan.
Too many small business owners see recruiting as a chore rather than a pleasure. Why? Well, it does take a good amount of time and effort. It involves looking for candidates, going through resumes, and making hard choices. Yet, so few of small business owners forget that recruiting for your small business is enjoyable when done right. Recruiting is a way to expand your networks, develop your social skills, and of course, bring on talented, amazing new employees to help your small business succeed. So, what’s the best way to recruit? We’ve assembled four tips to help you.
It’s been about a year since major provisions of the Affordable Care Act (aka the ACA or Obamacare) came into effect. Now more than ever, businesses and their employees are impacted by the health reforms.
Millennials: The generation that needs to grow up, stop texting, and needs a trophy for everything they do, right? At least that’s what many individuals think of them. However, it’s actually incorrect. In fact, a recent IBM survey shows millennials are a better generation in the workforce with stronger values and work ethic than many thought. Knowing this, if you’ve been wondering how to hire millennials for your small business, we have everything you need to feel confident.
Promoting your employees to leadership positions is exciting for both you and your employees. Many times, you get to see them start at your small business at an entry-level position and work their way up. But, have you ever thought about the employees you’re promoting to help lead your company? Have you ever wondered what the best way to promote an employee is and if they’re really the best for the position? Truth is, there’s never any way to be 100 percent positive that the employees you promote will be the best for leadership. However, there are guidelines you can follow to minimize the risk and help you promote the right employees for the right positions.
From New York to London, major cities are hosting Fashion Week this month. As designers reveal their newest collections and models strut the runway, the up and coming fashion trends are revealed. Which makes me think: What, if anything, can we learn about office dress code from this spring’s Fashion Week? Here are four quick things small and growing businesses can learn about office dress code from Fashion Week.
From the newest model of the Ford Fusion or Honda Accord to the Toyota Camry, we can’t help it - we love the saying “out with the old, in with the new.” Even with our homes, we see our kitchens and living rooms scream 1984 and get an itch to tear everything out and update it from the floor up. And just as updating is often necessary -- you can’t drive your 1980’s Camry forever -- your small business’ healthcare benefits are in need of some serious remodeling, too. So, let’s open up the tool box, get out the sledgehammer, skill saw, and all the other necessities and get to work. I’ll guide you through which aspects of your healthcare benefits need to be remodeled and why.
Zane Benefits is committed to helping small business owners all over the U.S. by finding new ways to help you run your companies more smoothly. Because we know how important shared knowledge and advice amongst small business owners is, we’ve decided to go out into the community to bring you real stories from local business owners. In this small business owner interview, I talk to Caleb Smith, a Zane Benefits employee and small business owner, to share his challenges, joys, and advice with owning a small business.
The Affordable Care Act is in full effect. And, if you’re like many small business owners or managers, you’ve done your homework. You understand your company’s requirements under Obamacare and you finally feel like you get it. Do your employees feel the same way? Likely not.
There’s a lot of buzz surrounding health insurance reimbursement (such as Health Reimbursement Plans) for employees nowadays -- many small business owners are wondering how to offer it and if it’s compliant. But, when it comes down to it, reimbursing your employees for health insurance is easier to do than you think. We’ve broken down some of the main topics you need to know in order to get a good grasp on reimbursing your employees for their health insurance.
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.