Employee Benefits

October 26, 2017
Employee Health Benefits

Your Employees Want Health Insurance. There Are Ways to Give It to Them.

Are you like many other Indiana employers who are struggling with attracting and retaining employees? The corrosion of the individual healthcare market coupled with low unemployment means that one way to deal with this issue is to offer group health insurance. However, smaller businesses do not always feel they have the resources to compete on that level. Below, we offer two case studies on how we were able to offer our businesses clients affordable and high-quality options to help them […]
September 27, 2017
employee health insurance

Don’t Lose Your Workforce Over Employee Health Insurance Benefits

The individual health insurance market has essentially collapsed in Indiana. With the largest insurers no longer participating in the exchange set up under the Affordable Care Act, people without access to a group plan through an employer find themselves in a difficult place. If you are a business owner who relied on grossing up wages to help your employees purchase their own quality health insurance plans, it is important to know what they no longer have that option. Your business […]
September 10, 2015
ACA employer reporting requirements

Assuming Your Small Business is Free From Affordable Care Act Requirements? Think Again!

Let’s say you own a business with over 50, but under 100 employees, and you offer an affordable group health insurance plan. You’re clear from any responsibilities under the Affordable Care Act, right? Think again. Starting January 1, 2016, you will be subject to the same reporting requirements employers of over 100 people are currently managing. What do the ACA reporting requirements mean for your business? With the adoption of the ACA came additional paperwork that is tied to payroll […]
February 18, 2015
ACA employer reporting requirements

Managing the New Affordable Care Act Employer Reporting Requirements

As of January 1st, 2015, businesses with 100+ full-time employees must be in compliance with the Affordable Care Act mandate to provide affordable employee health benefits or be subject to penalties. (Click here to read our blog post about what this change means for your business.) Along with the benefits mandate came a whole new layer of employer reporting requirements. The costs of non-compliance are now stiff, making it worthwhile to find a viable option to fulfill your obligations under […]
December 3, 2014

Health Savings Accounts: A Benefit Employees Love

Health Savings Accounts (HSAs) are a valuable part of an employee benefits package. To keep group medical plans costs under control, many employers are offering high deductible health plans. Combining those plans with an HSA offers employees a tax-benefical way to save for those high-deductibles, as well as other qualified medical expenses. HSAs are funded with pre-tax dollars by either an employee, an employer or a mixture of both. The employee has control over how the money is spent, and unused […]
November 7, 2014
Millennial Disability Insurance

Millennials: Consider Holding A Disability Policy Outside of Your Employer’s Plan

Millennials, you truly live in the new world of employment. Long gone are the days of staying at one company for your whole career – or even for five years! With each job change comes a new benefits package to decipher and supplement. With all of this expected change in mind, you may want to consider buying short and long-term disability policies outside of your current employer’s plan. Disability insurance protects you from losing all of your income if you […]
October 24, 2014
employee benefits

Employee Benefits: New Studies Show Travel Enhances Creativity

Taking time away from the office is difficult to accomplish, especially as a business owner. And, although you want them to be happy, it can be especially challenging to have your key employees take a little R & R. However, some newly released findings link improved creativity and productivity to travel. There have been numerous studies that confirm the value of vacation time to an organization. Now it looks like traveling away from home during those extended off-hours enhances problem-solving […]
October 22, 2014
employee health insurance

Facing a Large Rate Increase on Your Employee Health Insurance Plan?

The WIFS Team has been preparing for the release of group health insurance policy renewals rates over the past year. Since the passage of the Affordable Care Act, we have gained a lot of experience guiding our clients through the changing employee benefits landscape. Our clients look to us for expertise in managing the challenges presented by large rate increases. It is during these times of upheaval that they are fortunate to have an experienced insurance broker on their side. […]
October 8, 2014
Employee Benefits from Wharton Insurance

Avoid the Suck: Why Are YOU Spending Time on Employee Health Benefits?

Most likely you chose to be in your business because you are an expert at what you do. Your customers value that expertise, and spending your time building on that value is what allows your business to grow. So why spend your valuable time figuring out the ever-changing world of employee health benefits? Save time and money by bringing in experts like us to guide you and your employees through the entire process. Why use an employee benefits expert? Knowledge: […]
October 3, 2014
Health care deadines

Do You Know Your Health Insurance Deadlines?

If you are a business owner, eligible for Medicare, medically uninsured, or want to change your individual coverage, there are some deadlines approaching that you need to know about: Business Owners: If you offer Group Health Insurance for 2-50 employees, most policy renewals are due December 1st. Eligible for Medicare: The Medicare Annual Enrollment period is October 15th through December 7th.  Changes applied for will be effective January 1, 2015. Medically Uninsured or Looking to Change Your Insurance Plan: The […]
October 1, 2014
Wharton Insurance employee benefits

Unlimited Employee Vacations? Virgin says Yes!

According to a blog post from Entrepreneur, Richard Branson recently announced in his new book, The Virgin Way, that Virgin employees will now have an unlimited vacation policy. Staff will be allowed to take time off whenever they want, without prior approval or with their hours being tracked. However, there is a caveat. Branson does note that employees may take vacation only “when they feel one hundred percent comfortable that they and their team are up to date on every […]
September 24, 2014
Wharton Insurance PEO

What the Heck Is A PEO and How Would It Benefit My Business?

If you own a small to medium-sized business that employs people, you could use a PEO. PEO stands for Professional Employer Organization, which is an entity that offers employers a way to outsource everyday Human Resource tasks like Payroll, Employee Benefits and Workers’ Compensation. Taking advantage of the power of a PEO’s pooled resources can offer greater efficiency within your business operations.  Benefits of a PEO: Full-service Human Resources Department at your fingertips, leaving the intricacies of compliance to the […]
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