benefits

10 Insurance Broker Benefits

Benefits, Benefits Plans, Employee Benefits, Group Health, Health Insurance, Health Plans, Healthcare, Human Resources, Insurance, Teamwork

Regardless of the reason why you need it, purchasing insurance can cause feelings of anxiety and dread. Buying the right type and level of coverage for you and your business requires a lot of time and resources. You want to ensure that you’re purchasing the right coverage to mitigate risks and provide financial security. If you’re looking for employee benefits, you also have the challenge of balancing the needs and requests of your employees with the needs and budget of the business.

by Chris Freitas

Insurance Broker Considerations: 10 Things to Look For

Benefits, Benefits Plans, Employee Benefits, Group Health, Health Insurance, Health Plans, Healthcare, Human Resources, Insurance, Teamwork

Securing insurance takes time and resources. Because each individual, family, and business has a unique set of risks, there is no such thing as a “one-size-fits-all” policy, regardless of the type of policy you’re seeking. Insurance brokers provide the expertise required to help individuals and businesses secure insurance policies to meet a wide array of needs.

by Chris Freitas

Insurance Broker vs. Insurance Agent

Benefits, Benefits Plans, Employee Benefits, Employees, Employers, Employment, Group Health, Health Insurance, Health Plans, Healthcare, Human Resources, Insurance, Teamwork

Insurance brokers and agents act as intermediaries between insurance companies selling insurance and consumers seeking to purchase insurance. There are several insurance options and insurance organizations from which to choose. Brokers and agents help navigate the many choices of insurance available to meet the needs of their clients at a fair price. If you’re in the market for personal or business insurance, you might be wondering what the differences are between an insurance agent and an insurance broker.  

by Chris Freitas

Federal and California Health Insurance Regulations for 2020

Benefits, Benefits Plans, Employee Benefits, Employees, Employers, Employment, Group Health, Health Insurance, Health Plans, Healthcare, Human Resources, Insurance, Teamwork

Health insurance is one of the top benefits that employers can offer to employees. Providing health insurance to employees requires employers to stay on top of the ever-changing legal landscape focused on employer benefits. Do you know both the current and new federal and California health insurance regulations for 2020? In the content below, we explore how this year's health insurance regulations impact employers and employees.

by Chris Freitas

What Is Group Health Insurance?

Benefits, Benefits Plans, Employee Benefits, Employees, Employers, Employment, Group Health, Health Insurance, Health Plans, Healthcare, Human Resources, Insurance, Teamwork

Group health insurance differs from individual health insurance. Individual health insurance is when an individual purchases health insurance for himself or herself and possibly dependents. Group health insurance is health insurance offered by employers to their employees. 

by Chris Freitas

What Is an Insurance Broker?

Benefits, Benefits Plans, Employee Benefits, Insurance, Teamwork

An insurance broker helps businesses and individuals navigate the complex world of insurance and the numerous options available to them. They work with consumers to research insurance policy terms, conditions, pricing, and coverage to determine which policies will meet their needs. Insurance brokers also solicit and negotiate insurance pricing with multiple insurance agencies to help their clients get the best coverage possible at the best price possible. In the content below, we differentiate an insurance agent from a broker, explore the types of insurance offered by a broker, and discuss benefits of working with an insurance broker. 

by Chris Freitas

International Travel Insurance 101

Benefits, Benefits Plans, Compliance, Employee Benefits, Employees, Family, Financial Planning, HR, Human Resources, Insurance

Travel insurance protects individuals and businesses against loss that occurs while traveling. Travel insurance mitigates losses caused by missed flights, natural disasters, acts of terrorism, personal injury or sickness while abroad, lost or stolen personal items and baggage, and unforeseen personal events that prevent traveling. While some might consider travel insurance unnecessary, for many, it provides peace of mind. With the right level of protection, travel insurance allows individuals to focus on the purpose of their trip, whether for business or personal reasons, without wondering what might happen if they find themselves in an emergency situation.

by Chris Freitas

401(k) Discrimination Testing: What Is It and How Does It Help Your Business?

Benefits, Benefits Plans, Compliance, Employee Benefits, Employees, Equality, Family, Financial Planning, HR, Human Resources, Inclusion, job satisfaction, Retirement

Offering retirement savings benefits as part of a company’s employer value proposition is essential to attracting, hiring, and retaining top talent. To help employees plan for their financial future, the most common retirement savings plan that employers offer for today’s workforce is a 401(k) defined contribution plan. A 401(k) plan allows employees to contribute pre-tax dollars to tax-deferred investments based on IRS annual contribution limits. Many employers offer a company match to employee contributions, with standard practices being a 50-cents-for-every-dollar match or a dollar-for-dollar match up to 6% of the employee’s contribution.

by Chris Freitas

Help employees choose the right benefits to manage health care costs in retirement

Benefits, Employees, Employers, Financial Planning, Retirement

High health care costs during working years and in retirement can easily derail a financial plan. Employees need a long-term strategy. Fortunately, more and more employers are bolstering their benefits programs to help their employees build a stable financial future.

by Chris Freitas

Look Backward to Plan Forward | CA Benefits Agents

Benefits, Employee Benefits, Enrollment, Health Insurance, Healthcare, Insurance, Life Insurance, Open Enrollment

We have entered Open Enrollment season and that means you and everyone in your office are probably reading through enrollment guides and trying to decipher it all. As you begin your research into which plan to choose or even how much to contribute to your Health Savings Account (HSA), consider evaluating how you used your health plan last year. Looking backward can actually help you plan forward and make the most of your health care dollars for the coming year.

by Mike Radakovich