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Category: Employee Benefits
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Top Benefits for 2023 | PA Benefits Advisors
A hot labor market that has seen scores of employees leave their jobs for new and better opportunities has HR and benefits leaders planning to up the ante when it comes to benefits that sway workers to stay. But at the same time, employers also are aware of soaring costs and inflation concerns and are…
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Assembling an Inflation-proof Benefits Package | PA Employee Benefits Agents
Employers are becoming increasingly concerned about inflation’s impact on their employees, especially as the U.S economy faces the very real prospect of an upcoming recession. Employers are searching for creative solutions to better support employees while navigating a competitive labor market. Many employers are building inflation-proof benefits packages to help employees counter inflation’s impact and…
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Employee Benefit Plan Limits for 2023 | PA Employee Benefits Agents
Many employee benefits are subject to annual dollar limits that are adjusted for inflation by the IRS each year. The following commonly offered employee benefits are subject to these limits: High deductible health plans (HDHPs) and health savings accounts (HSAs) Health flexible spending accounts (FSAs) 401(k) plans; and Transportation fringe benefit plans The IRS typically…
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How to Make the Most Out of Open Enrollment | PA Benefits Firm
Choosing the right benefits during open-enrollment season is so important and can help save money. It can also give individuals and families broader support with their health. Benefits like medical coverage are particularly important with high inflation having such a big impact on people’s budgets. A survey by UnitedHealthcare found that nearly 40% of employees…
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Annual Open Enrollment Checklist | PA Employee Benefits Agents
Annual Open Enrollment Checklist Open enrollment can be an extremely positive and rewarding experience for you and your employees, providing you plan for it well in advance. During this unprecedented time, it’s important to review and modify your benefit offerings to fully support your employees’ individual health and overall financial well-being. Check out the Webber…
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Controlling Employee Benefit Costs Amidst Inflation | PA Benefits Firm
Inflation is a silent budget killer- it causes everything to go up, from your groceries to your gas, as the purchasing power of money decreases. Americans are feeling the pinch as the U.S. experiences the highest inflation level in 40 years. Inflation has been particularly frustrating for Americans who are struggling to pay for items…
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Early Preparation Is Crucial for 2023 Open Enrollment | PA Employee Benefits Group
The job market is still dealing with the aftereffects of the COVID-19 pandemic. Workers are taking stock of their circumstances and considering which employment perks matter the most. Specifically, employees are increasingly more concerned about their physical and mental health, financial security and work-life balance than before the pandemic. Many employers have responded by enhancing…
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Benefits Education 101 for Employees | PA Benefits Advisors
Companies spend a large amount of time and money creating valuable benefits plans for employees. But after all that work, they often get low participation. Good benefit choices require an effort from employers to ensure that employees have help in understanding their benefits options. To make things even more complex, employers are having to consider…
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The 4 W’s of Lifestyle Benefits | PA Employee Benefits Group
Competitive wages are no longer enough to satisfy and support valued employees. Today, a variety of benefits and perks play an essential role in attracting and retaining talent. Lifestyle benefits, sometimes referred to as employee perks, are non-salary benefits given to employees to improve their overall lifestyle that go above and beyond standard medical, dental and…
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Creative Ways to Control Your Health Benefit Premiums | Pennsylvania Benefits Consultants
Employee benefits are a vital part of maintaining a healthy work environment and attracting great talent, but they can be expensive. You want to save money on your insurance premiums; there’s no doubt about that. A common first place to look for savings is in insurance company choice. Insurance companies vary in price and doing…
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