article thumbnail

Investing in employee mental health benefits

Higginbotham

Mental Health Coverage and Parity Under the Mental Health Parity and Addiction Equity Act , most group health plans and health insurance issuers are required to offer mental health benefits that are no more restrictive than medical and surgical benefits in terms of financial requirements and treatment limitations.

article thumbnail

How to offer health insurance as a small business

Higginbotham

Although some small business owners may feel overwhelmed by the prospect of offering health insurance and other benefits, the many advantages can make the effort worthwhile. ALEs are subject to certain health care reporting requirements. However, many small employers decide to offer health insurance anyway.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. Dental Insurance. UHC.com ).

401(k) 98
article thumbnail

USI Employee Benefits

HR Lineup

USI is a leading insurance brokerage and consulting firm that specializes in employee benefits. USI’s benefits offerings include a comprehensive suite of health insurance options, including medical, dental, and vision insurance.

article thumbnail

17 Items That Need To Be Included In Your Employee Handbook

Genesis HR Solutions

In a separation of employment, unemployment insurance is available to the formerly employed individual which allows them to collect unemployment. Employees don’t pay taxes on this money, which means they save an amount equal to the taxes they would have paid on the money you set aside. Dental, vision, and disability insurance.

article thumbnail

Help Employees Understand the HSA Value Proposition

Corporate Synergies

Health savings accounts can be a good deal for employees. 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% HSA value isn’t always obvious. As Seen In.

401(k) 40
article thumbnail

5 Steps to Building an Employee Benefits Program That Won’t Break the Bank

Insperity

Unemployment insurance. Disability insurance (required in California, Hawaii, New Jersey, New York, Puerto Rico and Rhode Island). To attract talent and compete effectively, many businesses first elect to offer: Health insurance – Due to the rising costs of health care, this is a must in the eyes of many employees.

Banking 50