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What is ancillary health insurance?

Higginbotham

Ancillary health insurance is a secondary type of coverage used to supplement your traditional health insurance. The term “ancillary” means “providing additional help or support,” and that’s just what ancillary health insurance does. Examples of Ancillary Health Insurance. Vision Insurance.

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Life Insurance vs. AD&D

Fringe Benefit Analysts

An untimely death impacts every aspect of your family’s life, but if you don’t have coverage from an insurance provider, your family can end up with the stress of figuring out how to financially recover. When choosing your coverage options, you may be aware of life insurance and accidental death and dismemberment (AD&D).

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Importance of Employee Benefit Package And Why it Matters

HR Digest

From mandated health insurance plans to free snacks, benefits and perks can play a big role in talent attraction and employee retention. Health insurance Those benefits provide a baseline of employee expectations. Health care flexible spending accounts 3. Health insurance 2. Payroll taxes 2.

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Voluntary Benefits Improve Employee Satisfaction and Retention

InterWest Insurance Services

cancer insurance) Pet insurance. One reason: More employers are offering high-deductible plans as health insurance costs continue to increase. Roll them out a few at a time, starting with life insurance, dental/vision and/or disability insurance. These are proven high-participation programs.

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Study Pegs Group Benefits Return on Investment at 47%

InterWest Insurance Services

A recent study has found that employers who offer health insurance coverage to their staff had an average return on investment (ROI) of 47%, meaning that for every $1 an employer spends, it will receive $1.47 Before the COVID-19 pandemic, most businesses considered health benefits little more than a cost to be managed.

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What are voluntary benefits?

WEX Inc.

Examples of voluntary benefits are: Supplemental life insurance Critical illness Pet insurance Voluntary benefits are additional perks that an employer can offer at a discounted group rate, with the employee either fully or partially paying for the benefits through a payroll deduction. It is not legal or tax advice.

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Employee benefits for small businesses

Higginbotham

Health Insurance for Small Business. Under the ACA, small employers with fewer than 50 full-time equivalent employees are not required to offer health insurance or subject to the employer shared responsibility provisions. However, many small business owners offer health insurance coverage anyway.