Many employees receive health insurance through their job, and these employees expect tools, resources and information so they can make informed decisions about which health plan is best for them and their families. Providing employees with a health plan comparison tool is a great way for employers to support this decision process. Most people are not health plan experts, so it can be difficult to know what to look for when comparing health plans.
As an employer, you are busy running your business and you probably don’t have a lot of spare time to learn all the detailed ins and outs of every benefit you provide to your employees. When HSA questions come up, it can be frustrating to track down answers and communicate with your employees. You’re not alone; this is a common problem for many employers.
As a small business owner, you may have considered offering your employees health savings account (HSA) as part of your benefits package. In this post, we’ll explore this topic a little deeper, and outline some important reasons why it can benefit you and your employees.
Cyber-attacks have become the fastest-growing crime in the United States, and, according to Hiscox Insurance, in 2016 “cybercrime cost the global economy over $450 billion.” Unfortunately, that number is expected to rise to over $6 trillion by 2021. To do their part to combat this crime, individuals and companies must take preventative measures to protect their personal information.
With the Affordable Care Act and the increasing costs of medical expenses, employees are more pre-occupied with securing health benefits to avoid tax penalties. Providing these benefits to employees is a great way for small business owners to recruit and retain the best workers. But how can small businesses compete when every other company is also seeking the best talent? One answer may, in fact, come from health savings accounts (HSAs).