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What Is a High Deductible Health Plan (HDHP)?
Posted: June 25, 2022
What Is a High Deductible Health Plan (HDHP)?A high deductible health plan (HDHP) is a plan with a higher deductible than traditional health insurance. The premiums may be lower, but you have to meet a higher deductible (payout of pocket for more health care costs) before your coverage kicks in. An HDHP is often combined with a health savings account (HSA), which allows you to set aside pre-tax dollars to pay for...
Are You Underestimating Your Need for Disability Insurance?
Posted: June 22, 2022
Are You Underestimating Your Need for Disability Insurance?If you don’t place a high priority on disability insurance, you are not alone. Although most people underestimate their chances of disability, the risk is higher than you might think. Approximately one-third of the population will experience a disability before 65, as reported on Kiplinger. Underestimating the odds of needing disability insurance could be a big mistake. According to TMA Insurance Trust: Approximately one in...
How to Reward Employees for Overtime Work
Posted: June 13, 2022
How to Reward Employees for Overtime WorkTime is valuable, and most employees expect to be compensated for working overtime. Exempt from overtime pay, Salaried employees may want their employers to provide perks for their hard work and long hours. The following are some creative ways to reward your employees for overtime work without breaking the bank. Give Them Some Time Off Employees need a breather to relax and recharge after long,...
8 Health Insurance Terms You Need to Know Before Choosing a Plan
Posted: June 10, 2022
8 Health Insurance Terms You Need to Know Before Choosing a PlanWhen shopping for a health insurance plan, it is important to understand the language. Like any specialized subject, health insurance has its own terminology. Learning what the terms mean makes it possible to understand the costs and benefits of any given plan and how it compares to others. You need to know the following eight terms before choosing a health insurance plan. Deductible A deductible...
5 Life Insurance Myths Debunked
Posted: June 7, 2022
5 Life Insurance Myths DebunkedBuying life insurance may not be an easy decision to make. Planning in case of one’s own death is not a pleasant subject. However, it is a crucial step to protect your loved ones and plan for your financial future. The better you understand it, the more informed your decision will be when you purchase a policy. The following are five myths debunked about life...