There’s an old saying, “if it ain’t broke, don’t fix it.” But what if you don’t know it’s broken? Most companies are fairly happy with their employee benefits plan and choose to renew each year at the recommendation of their broker (it is a lot less work for them if you renew!). If you… Continue reading>
Insurance advice for my 30-something friends These Rod Stewart lyrics ring especially true in my line of work—insurance. You will inevitably want insurance when you need it. But when you need it, it’s almost always too late. Fortunately for you, I’ll tell you exactly what you need to know NOW, instead of down the “too… Continue reading>
Every business owner is looking for a little edge at tax time. After all, being your own boss is supposed to have perks, right? Here’s one that won’t cost you a cent, but could save you thousands of dollars at the end of the year. Answer these two questions: 1. Is your business… Continue reading>
Today’s workforce is dominated by Baby Boomers and Generation X, but that is all about to change. Over the next five years, the Millennial Generation (those with birthdates ranging from the early 1980s to the early 2000s), will hold the majority stake in our workforce. Millennials are inclusive of Generation Y and also known as… Continue reading>
The standard expectation of job candidates in the marketplace today is that employers will offer some form of a benefits package. In fact, to many employees, next to salary, a benefits plan is the most important component of their overall compensation. For employers who don’t offer a benefits plan, you might just be missing the… Continue reading>
It’s that time of year again. If you are like most employers, you want to show your appreciation to your employees for the success your business has had over the past year. But how much is enough? Will your employees be offended with a few hundred dollars? Will they laugh at a $0.50/hour wage… Continue reading>
There are several factors that play a role in determining the rates of your employee benefits plan. Let’s look at each factor and how it might impact the rating of your plan: Plan design. The structure of your benefits plan has the single most impact on your rates as it determines how much risk… Continue reading>
This is a very common question I receive from small businesses on a weekly basis. If you were to ask that question 10 years ago, my answer would have been a lot different. In the past, there were very few employee benefit options for small businesses, but the landscape has changed. Many of the major… Continue reading>