McKensey

FEBRUARY 16, 2024

As insurance executives plan for the new year, what’s top of mind? What areas are ripe for innovation? McKinsey Senior Partners Jörg Mußhoff and Fritz Nauck discuss these and other topics.

Insurance 130

Insurance Leadership Planning 130

Insperity

SEPTEMBER 14, 2021

As a co-employer, the PEO you choose will ultimately take responsibility for payroll processing, providing workers’ compensation insurance coverage, providing an employee benefits package and a host of other sensitive human resources (HR) and administrative tasks. Or would you retain plan sponsorship and fiduciary responsibilities ?

Insurance 232

Insurance Payroll Planning Small Business 232

Wellable

JULY 8, 2020

In May, due to the impact of the COVID-19 pandemic on business operations, the IRS issued a notice giving employers the option to allow employees to make changes to their health insurance plans and benefits enrollment.

Planning 147

Planning Healthcare Insurance 147

Insperity

MARCH 25, 2021

Being an employer comes with many HR-related costs beyond the cash compensation you pay to your employees, such as: Payroll taxes (FICA, FUTA, Social Security, Medicare) Worker’s compensation insurance coverage Statutory insurance and paid leave programs (e.g., Administrative fees.

Payroll 247

Payroll Insurance Software Security 247

Success

MAY 11, 2024

Navigating the world of health insurance is complicated enough within the United States. When preparing to move abroad as a digital nomad, typical private medical coverage doesn’t necessarily work while you’re outside of your home country—while travel insurance might not be designed for longer trips or anything other than emergency care.

Insurance 105

Insurance Networking Catering Customer Service 105

Insperity

JANUARY 24, 2023

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. Having virtual care options can also be help reduce employees’ stress about their own health-insurance costs.

Insurance 269

Insurance Networking Finance Controlling 269

Success

MAY 15, 2023

Buying life insurance isn’t usually fun, but it can be vital to your financial plan. If there are people in your life who rely on your income, life insurance can be essential to ensure that they are protected. Figuring out whether you need life insurance and what type that will work best for your family can take some thought.

Insurance 105

Insurance Purchasing Security Salary 105

Success

AUGUST 16, 2024

With the recent global tech outage causing multiple days of flight cancellations and thousands of stranded passengers, the discussion around travel insurance has become even more relevant. Travel insurance is one of those things you don’t need until you really need it, so many people choose to travel without it.

Insurance 98

Insurance Purchasing Transportation Planning 98

Insperity

JANUARY 4, 2024

Collaborating with a single, full-service PEO partner who understands your strategic initiatives and devises a service plan around helping you achieve them can drive your business forward most effectively. An example of this is a client company discovering that they’ve been continuing to pay for medical insurance for a terminated employee.

Payroll 254

Payroll Insurance Consulting Customer Service 254

Work Life

JULY 30, 2024

was accused in a lawsuit filed on Tuesday of mismanaging its employee health insurance plan and forcing tens of thousands of U.S. The lawsuit is the latest to accuse employer-sponsored health plans of failing to negotiate lower prices for drugs on behalf of participants, as prescription drug costs continue to rise sharply in the U.S.

Insurance 98

Insurance Banking Government Legal 98

Success

MAY 21, 2024

Older Americans must consider everything from where they want to live to how they plan to support themselves as they age. She thinks its invaluable for adult children to have these financial planning conversations with aging parents. With age may come wisdom, but it also comes with a variety of questions around lifestyle and legacy.

Planning 115

Planning Insurance Legal Banking 115

Insperity

MARCH 30, 2021

Other factors include federal, state and local laws (not to mention vaccination distribution plans and availability). You may also consider creating an incentive plan and sharing the plan with your workforce. Certainly, vaccines fall within the category of wellness plans.

Legal 312

Legal Consulting Insurance Logistics 312

Insperity

OCTOBER 31, 2017

From employer-sponsored health insurance to retirement savings plans, an attractive benefits package can help you hire the best employees and ensure you retain them for many years to come. Outside vendors, such as the insurance provider and investment company. What does their short-term disability insurance cover?

Insurance 213

Insurance Mailing Communication Equipment 213

Insperity

FEBRUARY 13, 2018

Start by offering a solid benefits package that includes a great portfolio of health insurance options to choose from. This alone can help ease some of your employees’ money concerns because they will have the opportunity to get things like medical insurance, disability, flexible spending accounts, retirement plans and more.

Insurance 194

Insurance Consulting Security Flexibility 194

Insperity

FEBRUARY 9, 2021

Does the worker receive employee benefits , such as insurance, retirement savings plans or a pension and paid leave? For example: Paid time off Retirement saving plans Health insurance. Type of relationship: What are the facts that demonstrate how the company and the worker perceive their relationship?

Equipment 317

Equipment Purchasing Insurance Controlling 317

Insperity

FEBRUARY 20, 2020

These things have become so commonplace that employees expect them, such as: Health insurance Dental insurance Paid vacation and sick days 401(k) retirement plan Disability insurance Life insurance Workers’ compensation Unemployment insurance.

Insurance 264

Insurance Advertising Flexibility Flexibility 264

McKensey

DECEMBER 3, 2024

To realize gen AI’s full value, insurance leaders must know how it works and what problems it can—and cannot—solve. Likewise, data and context are vital to innovating solutions for changing demands.

Insurance 91

Insurance Problem-Solving Planning 91

Insperity

AUGUST 15, 2019

Is the planned use of the data aligned with why it was collected? Contact your company’s insurance provider, if you have cyber liability Insurance. If there is no incident response plan in place to review, start by checking state and Federal data breach laws and notify those entities as required.

Security 49

Security Insurance Payroll Networking 49

Success

SEPTEMBER 12, 2024

“People will have to deal with a sudden lump sum of money and that means planning for a tax-efficient wealth transfer, which will be of major importance to millions of families in the coming years.” Inheritance is unlikely to be the financial planning boom that solves housing costs and student debt.

Planning 111

Planning Problem-Solving Insurance 111

Insperity

FEBRUARY 12, 2019

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? Ready to start planning? The Occupational Safety and Health Administration offers many helpful tips and tools to kick off your health and safety plan.

Insurance 217

Insurance Consulting Controlling Training 217

Insperity

OCTOBER 10, 2023

workers who are in earlier or middle stages of their careers, their ability to contribute to a retirement savings plan has been hindered by household debt and repayment of student loan debt. employer-sponsored 401(k) plans. SIMPLE plans that qualify will have deferral limits 10% higher than the regular limits. For many U.S.

Security 292

Security Government Logistics Planning 292

Insperity

JULY 5, 2022

Their benefits include: Healthier employees, which can help companies contain health insurance costs Less absenteeism and, therefore, greater productivity Higher morale A sense among employees that their employer cares about them in a holistic manner – beyond their functional role at work – which can strengthen loyalty and improve retention.

Insurance 301

Insurance Prioritization Catering Leadership 301

Insperity

AUGUST 17, 2023

Access to Fortune 500-level benefits When joining a PEO, companies can can access to PEO-sponsored benefit plans. Risk management Compliance becomes much more complicated as businesses grow in size and expand into other municipalities and states.

Insurance 204

Insurance Payroll Legal Technology 204

Work Life

FEBRUARY 6, 2024

When negotiations begin in March, union leaders are planning to demand a 40% raise and are ready to go on strike if necessary, according to a Bloomberg report. They also intend to push for better health insurance coverage and pension benefits, as well as “more flexibility around overtime,” Bloomberg reports.

Planning 111

Planning Manufacturing Insurance Consulting 111

Insperity

JULY 7, 2022

This includes: Retirement account (401(k)) Health insurance (along with dental and vision insurance) Paid time off (PTO) Life insurance Disability insurance. Of course, the standard suite of benefits will always be important in attracting and retaining employees.

Insurance 283

Insurance Flexibility Flexibility Construction 283

Insperity

OCTOBER 22, 2019

Often, change is predictable or planned well in advance, such as: Implementation of a new system or technology Introduction of a new office policy Moving to a new office Mergers and acquisitions Modification to senior leadership Reorganization of staff Retirement of a top-performing, highly valued employee. Change is inevitable.

Insurance 183

Insurance Security Planning Controlling 183

Success

MARCH 6, 2023

Having an estate plan might seem like something only extremely wealthy people need, but that’s not entirely true. While high net-worth people need an estate plan, it’s also crucial if you own a house or business , have children or want control over what and how your possessions are distributed after your death.

Planning 98

Planning Legal Insurance Controlling 98

Success

APRIL 10, 2023

Using a financial planning checklist can make it easier to monitor your money and do some financial housekeeping. Use the topics below to help you start your financial planning checklist and make the most of your money. Periodically reviewing changes in your cash flow should be on your financial planning checklist.

Planning 122

Planning Banking Finance Insurance 122

Insperity

FEBRUARY 11, 2021

Plan how you’ll track hours worked and time off. Next up, consider any “fringe benefits,” such as: Health insurance Life insurance A retirement plan An employee stock purchase plan. More than 40 states currently have state income tax.

Payroll 262

Payroll Government Banking Insurance 262

Insperity

APRIL 14, 2022

Many companies provide a basic benefits package that may offer employees access to things like: Health insurance. Dental insurance. Vision insurance. Life insurance. Disability insurance. Retirement plan. For example: Can your company match employee contributions to retirement plans?

Insurance 214

Insurance Flexibility Flexibility Promotion 214

Insperity

JULY 27, 2021

With a PEO, your staff gains access to employee benefits that rival that of a Fortune 500 company — including health insurance plans, retirement and other benefit plans. In fact, the opposite is likely true.

Small Business 278

Small Business Payroll Healthcare Insurance 278

Insperity

AUGUST 25, 2020

This can look like: Using well-known carriers for the health insurance options you sponsor Contributing to a health savings account or flexible spending account for employees Offering an employee assistance program (EAP) Matching a percentage of employee retirement plan contributions. Rewards and recognition.

Mailing 258

Mailing Insurance Flexibility Flexibility 258

Success

JULY 26, 2021

Look at things like health care, groceries, utilities, and insurance. The post How to Define and Plan for Financial Freedom appeared first on SUCCESS. Once you have a target number in mind (be sure to add a cushion for unexpected expenses and then add 4-6% for inflation), you can start to fine-tune your vision and budgets.

Planning 116

Planning Finance Insurance Food 116

Insperity

JANUARY 5, 2015

And because of the Health Insurance Portability and Accountability Act (HIPAA), it may be wise to store your employees’ health and welfare-related benefits information separately as well. For example, many businesses are without a vacation payout policy , complaint process and a disaster and workplace violence plan.

Government 266

Government Onboarding Promotion Training 266

Insperity

NOVEMBER 11, 2021

Keeping a plan in mind. The military has this adage: “Proper planning prevents poor performance.” So, plan ahead for what will happen when an employee must attend military training or is called up for duty, sometimes for prolonged periods. For employees: Have a plan for reassigning work to other team members.

Training 298

Training Legal Flexibility Flexibility 298

Insperity

MARCH 12, 2024

Health insurance Health insurance aims to assist employees with the costs of obtaining medical care. Optional dental and vision care are usually offered alongside health insurance for an added fee.) To confirm your company’s legal obligations for these types of insurance, check the laws in your particular state.

Insurance 147

Insurance Legal Planning Prioritization 147

Insperity

APRIL 30, 2020

They can also reach out about changes that may impact the employee, such as reminders about open enrollment periods for health insurance. The best way to handle the employee’s workload and requests from others depends on whether the leave is planned or sudden. If the leave is planned. Some ways to do this include: 1.

Computer 245

Computer Planning Communication Insurance 245