employees

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

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

Workplace Wellness | CA Insurance Agency

Employees, health, motivation, Wellness, Workplace

Picture this: You are sitting at your desk at 3pm and you realize you haven’t gotten up from your chair all day. You look around and see that you’ve been snacking instead of eating a lunch. You have read the same sentence 4 times and still can’t figure out what it means. Your back hurts, your eyes feel dry, and you feel kind of blah. You, my friend, are a victim of the sedentary lifestyle in America. How can we combat this lack of energy and inattentiveness in our workplace? By adopting healthy workplace initiatives, you will reap the benefits of a more engaged workforce and a healthier environment.

by Mike Radakovich

Happier Holidays, the HR Way | CA Benefits Brokers

Employees, Human Resources, Inclusion, Workplace

Most people, according to a new survey featured in HR Dive, have the greatest sense of belonging in their own homes. That may not be surprising news, but what is interesting is that one third of respondents felt the greatest sense of belonging in their workplace. A significant percentage, 40 percent, attribute that feeling to actions their colleagues and managers take to check in on them, both personally and professionally. Belonging improves employee retention and productivity, certainly, but it requires acknowledgement of diversity and efforts at inclusion.

by Mike Radakovich

It’s Flu Season...Again | California Benefits Agency

CDC, Employees, health, vaccination, Wellness, Workplace

When flu season hits, absenteeism skyrockets and productivity drops. In a recent article, Employee Benefit News points out that the first step is the "ounce of prevention,” the flu vaccine. Providing for vaccination can be a smart benefit to offer employees, and it requires navigating misinformation about the vaccine, motivating employees to act, and contending with supply issues. For employers who want to increase vaccination rates, experts suggest making the process more convenient or incentivizing getting a shot. On-site programs are more effective since they are not only more convenient but also allow employees to be motivated by seeing their coworkers getting the shot. Regardless of approach, careful planning – from scheduling to ordering to addressing employee concerns – can help an office place stay healthier.

by Mike Radakovich

4 Things Life Insurance Is Not | CA Employee Benefits Agency

Employee Benefits, Employees, Insurance, Life Insurance

Are you confused about life insurance? I don’t blame you. When I first started writing about finances more than a decade ago, my understanding of life insurance was limited.

by Mike Radakovich