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New Laws for 2023 part II

InterWest Insurance Services

SB 1126 will require any person or entity with at least one employee to either provide them with access to a retirement program like a 401(k) plan or enroll them in the state-run CalSavers program. Employees can choose other deduction rates as well. 8) CalSavers expanded. 9) Bereavement leave. 10) PFL wage replacement.

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16+ types of employee benefits you should consider

Genesis HR Solutions

There are four major types of employee benefits many employers offer: medical insurance, life insurance, disability insurance, and retirement plans. Medical Insurance. Medical insurance is likely a no-brainer— it’s one of four major types of benefits most employers offer. Disability. Retirement.

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5 steps to more financially stable employees

Insperity

Oftentimes, people will pay more monthly for car insurance so they can get a low deductible, usually $500. However, if they crunched the numbers, they could be paying more than $500 a year in higher premiums just to have the lower deductible. Offer disability insurance for added peace of mind. Everybody wins.

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Leveraging employee financial wellness programs in your benefits strategy

Higginbotham

A 401(k) plan is a popular example of a defined contribution plan. Plus, employers can require workers to pay some or all the premium costs through payroll deductions. Life insurance is a staple of financial preparedness. Disability insurance is another important product for financial health.

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Total compensation package examples

Higginbotham

Health Insurance. Other Insurance (Dental Insurance, Vision Insurance, Life Insurance, Disability Insurance, Pet Insurance, etc.). Company A also offers a 401(k) with contribution matching. In addition to the $80,000 salary, Company B offers a high-deductible health plan.

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Help Employees Understand the HSA Value Proposition

Corporate Synergies

High deductible health plans (HDHPs) are on the rise as a growing number of employers turn to consumer-directed health plans to try to curb costs—the portion of employees enrolled in HDHPs rose from 26.3% Treat the HSA More Like a 401(k) than an FSA. Why It Might Benefit Employees to Pay for Long-term Disability Insurance.

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Budgeting for Benefits: Sage Advice for Cost-Conscious Employees

Griffin Benefits

Such risks can manifest themselves in larger out-of-pocket expenses, or cash flow issues at the beginning of the plan year, while they work to satisfy their deductible. Discuss short- and long-term disability insurance, when it applies, and how to use it.

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