Remove Controlling Remove Insurance Remove Planning
article thumbnail

How to lower employee stress about health insurance

Insperity

Health insurance is often the biggest-ticket item in any company’s benefits package, and the cost of health insurance rises on average each year , historically. Companies spend a lot of money, time and effort to make their benefits competitive and provide quality group health insurance plans to employees.

Insurance 254
article thumbnail

Little-Known Things to Consider When Shopping for Group Health Insurance

Insperity

If you’re shopping for group health insurance for your company the first or second time around, it can be hard to make a confident choice. Not to mention, the Affordable Care Act (ACA) has changed the group health insurance market considerably. The main oversight: Ruling out HSA-qualified plans.

Insurance 217
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

How to contain employee benefits costs (and why most businesses struggle)

Insperity

per hour, per employee, for health-insurance costs, according to Sept. In 2021, employer expenses for health insurance are expected to rise by 3.9 percent, according to Mercer’s National Survey of Employer-Sponsored Health Plans. In 2021, employer expenses for health insurance are expected to rise by 3.9

Insurance 321
article thumbnail

What is a PEO?

Insperity

You’ll still maintain control over managing your employees’ daily to-dos and core job functions as well as maintaining your organizational structure. Typically, with PEO-sponsored benefit plans, your employees will have access to a wider variety of benefits than your company could obtain on its own. The PEO’s role.

Payroll 253
article thumbnail

Popular virtual care options for today’s workforce

Insperity

If employees can better manage their health and avoid using urgent care centers and ERs unless necessary, it can help businesses better control benefits costs. Health care benefits are the costliest line item for employers – and these costs consistently rise each year, with plan usage and claims history serving as the two big drivers.

Insurance 269
article thumbnail

Employee or contractor? 6 common mistakes when classifying workers

Insperity

The court has stated that it’s the total activity or situation that controls the classification. In determining whether a worker is an employee or contractor, evaluate the amount of control over the details of the work performed. The more control a company exerts, the more likely it is that the worker is an employee.

Equipment 317
article thumbnail

How to reduce workers’ compensation costs: 3 proven strategies

Insperity

If not, do you understand the sizeable risk that workers’ compensation claims pose to your business, and do you have a plan in place for when these claims arise? That’s why controlling workers’ compensations costs is so important to your bottom line. Ready to start planning? Here are three strategies to get you started: 1.

Insurance 217