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Category: Employee Benefits
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Financial Safety Nets: Don’t Let Your Employees Fall Through the Cracks! | PA Employee Benefits Agents
In the wake of the Great Depression and WWII, employers started to add benefits packages. Healthcare had fallen by the wayside for families working to access the basic necessities of life. The idea was to support the employee’s personal needs while keeping and attracting the best talents in the workforce. This trend of offering benefits…
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Benefits 101: What Is an EAP? | Pennsylvania Benefits Agency
As much as employers might prefer that employees’ personal affairs do not interfere with their work, the reality is that problems outside of the workplace can and do impact job performance. Many of these issues go unaddressed due to fear of stigmatization, leading to further declines in employee health and productivity. Anxiety and stress, financial…
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What Is a Total Rewards Package? | PA Benefits Advisors
Total rewards packages refer to the compensation and benefits plans that companies offer. This phrase, however, extends beyond mere salary or wages and traditional benefits, like health insurance, to provide both recruits and employees with a rundown of what makes the employer special. Some in Human Resources might regard the total rewards package as the…
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Health Savings Account (HSA) & High-Deductible Health Plan (HDHP) Annual Contribution Limits Will Increase for 2024
The Internal Revenue Service (IRS) released Revenue Procedure 2023-23 providing for the annual Cost-Of-Living-Adjustments (COLA) for Health Savings Accounts (HSA) and High-Deductible Health plans (HDHP) for the 2024 plan year. Conclusion Plan sponsors should ensure their plan documents, enrollment materials and other plan documents are up to date. Have questions? Work with your Webber Advisors…
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Two Areas Impacting Benefits When the COVID-19 Emergencies End | PA Employee Benefits Agents
When the COVID-19 public health emergency and national emergency were declared in 2020, no one anticipated they would still be in place in 2023. On January 30, 2023, the President announced the intent to end the emergencies on May 11, 2023. The impact of the emergencies on employer-sponsored benefits affected certain coverages, reimbursements, and timelines.…
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Employee Benefit Trends: What is a Lifestyle Spending Account? | Pennsylvania Benefits Partners
A Lifestyle Spending Account (LSA) offers employers an opportunity to help fund health and wellness costs that a traditional group health plan won’t cover. LSAs are often used as perks to attract and retain quality employees and could be a desirable piece of the employee benefits puzzle. What Is a Lifestyle Spending Account? A Lifestyle…
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An Ounce of Prevention is Worth a Pound of Cure | PA Employee Benefits Agents
Health care is expensive but there is good news: Most insurance plans come with free preventive care and benefits. There is a lot of confusion around what is and isn’t preventive care – and why it matters. Here is what you need to know. What is Preventive Care and Why Is It Important? Preventive care…
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Employee Benefit Communication: It’s Not Just About Open Enrollment | PA Benefits Team
Employee benefits and open enrollment may be something you only think about a few times a year, and for your employees, it might be even less often. However, with a thoughtful, year-round communications plan, your business can increase employee engagement and smart benefits utilization. Many employees don’t know what benefits are available or how to utilize…
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Healthcare 101: Back to Basics | PA Benefits Advisors
Getting sick can be expensive. Even minor illnesses and injuries can be very costly to diagnose and treat. Health care coverage helps you get the care you need and protects you and your family financially if you get sick or injured. We’re breaking down the health insurance basics. Because, when you understand it, you’re more…
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6 Key Employee Benefits Trends for 2023 | PA Employee Benefits Agents
Unfortunately, many of the challenges that plagued workplaces in 2022 will likely continue in 2023 and beyond. In particular, current labor challenges are forcing employers to find ways to balance rising costs and inflation while providing employees with benefits they value and need. Understanding this year’s key employee benefits trends can help employers assess whether…
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