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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 The analysis found that this combination of group health and wellness programs boosted overall ROI for employers. in benefits.

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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. Get the latest benefits trends!

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Illness or Injury: How Your Business Can Protect Your Employees

InterWest Insurance Services

You as an employer can help by offering group disability insurance to your employees. This insurance helps replace a portion of a worker’s income if they lose their income due to an injury or illness. Typically, disability insurance policies will replace between 50 and 65% of a worker’s income.

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Employer Guide; Medicare Coordination of Benefits

Griffin Benefits

When a plan participant or beneficiary has Medicare and other health insurance, such as employer group health plan insurance, retiree coverage, or Medicaid, there can often be confusion as to which insurance pays first on claims. Today's blog post provides a general overview of COB rules under Medicare.

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Not an Exception

Workers' Compensation

Even if the employer fails to obtain workers’ compensation insurance, the employee remains limited to those remedies provided under the WCA. The worker could recover temporary disability benefits and medical benefits from the UEF. Failure to Have Insurance is Not an Exception, www.gelmans.com (12/14/2023).

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NJ Workers’ Compensation Benefit Rates Increase in 2022

Workers' Compensation

The New Jersey Department of Labor and Workforce Development (NJDOL) announced increases in the maximum benefit rates for Unemployment Insurance, Temporary Disability Insurance, Family Leave Insurance, and Workers’ Compensation for the calendar year 2022. percent of taxable wages for the calendar year 2022.

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NJ Rates to Rise in 2024

Workers' Compensation

BENEFITS RISE NJDOL also announced changes in the maximum benefit rates and taxable wage base for its Unemployment Insurance (UI), Temporary Disability Insurance (TDI), Family Leave Insurance (FLI), and Workers’ Compensation programs. NJ Rates to Rise in 2024, www.gelmans.com (12/28/2023), [link] © 2023 Jon L Gelman.