Group Health Insurance

July 12, 2022
Employee Retention in the Home Improvement Industry

Balancing Recession Potential with Employee Retention in the Home Improvement Industry

Talk to ten economists and you will get ten opinions about what the economy will do in the next 12-18 months. However, there seems to be some consensus around the idea that a recession is coming, but not the degree. As a small business owner, we know you care more about what’s happening on the ground rather than the halls of policy. The housing market may be set for a bit of a downturn, but the fact remains that there […]
June 28, 2022
Tips for Hiring in the Home Improvement Industry

Tips for Hiring in the Home Improvement Industry

Even though the latest job reports show that the US added jobs in May, the unemployment rate is still just above its lowest point since 1969. The competition for quality employees is fierce, so how can a small or medium-sized business compete with larger organizations? Indeed.com recently offered some tips for hiring in the home improvement industry that could help you hire your next team member: Make Your Job Descriptions Clear It may be time to revisit the tools are […]
May 17, 2022
How to provide health insurance to part-time employees

How to Provide Health Insurance to Part-Time Employees

With the current low employment rate, it is no surprise that the home improvement industry is struggling to attract and retain employees. Often the talented people employers want to hire are looking for a more flexible work environment that includes benefits. Fortunately, there is a way for businesses with an under 50-person workforce to provide health insurance to part-time employees. Three years ago, the US Departments of Health & Human Services and the Treasury issued a rule allowing employers to […]
November 6, 2021
Health Insurance Options for Small Business Owners

Health Insurance Options for Small Business Owners

As a small employer, you may feel there are just too many barriers to offering an affordable employee health insurance plan yourself. Too few employees, high costs and poor risk ratings are the top three worries. Fortunately, there are affordable options out there for businesses like yours. Too Few Employees to Qualify The ICHRA program makes offering health benefits to a small group of employees, including yourself, much easier than before. Launched in 2019, ICHRA allows a wider definition of […]
September 9, 2021
Hiring_Trend

Mid-Sized Employers Uncover a New Post-Pandemic Hiring Trend

As we have been talking to Indy business owners over the past few months, they have been noting a new hiring trend in employee recruitment. Pre-pandemic, the gig economy was going strong with young workers looking for a big paycheck and flexibility. Post-pandemic, employers are now finding potential employees want more stability and health benefits – and they will not be hired without them. Businesses with over 20 employees who have relied on independent contractors to fill hiring gaps are […]
August 11, 2021
Hiring_Trend

Small Employers Uncover a New Post-Pandemic Hiring Trend

As we have been talking to Indy small business owners over the past few months, they have been noting a new hiring trend in employee recruitment. Pre-pandemic, the gig economy was going strong with young workers looking for a big paycheck and flexibility. Post-pandemic, employers are now finding potential employees want more stability and health benefits – and they will not be hired without them. Businesses with under 20 employees who have relied on independent contractors to fill hiring gaps […]
July 28, 2021
employee health benefits

Looking to Hire? You Need to Offer Employee Health Insurance

How can you grow your business without the workforce to support it? That very question has been plaguing many of our clients during the recent shortage in the labor force. According to the Harvard Business Review, offering flexibility for workers who have to commute and ensuring your salaries are on par with market rates are just two ways you can boost your chances of attracting employees. However, one of the most important things you can do is offer a rich […]
July 19, 2021
Employee Health Insurance

When a Level Premium Employee Health Insurance Plan Could Suit Your Business

These days if you have 20-49 employees, offering employee health insurance is expected and frankly, necessary to attract and retain a quality workforce. However, group health plans can be expensive and seem out of reach for small businesses. Here is where a level premium plan may be a good option. In the group health world, there are two ways to fund a plan – fully funded by the insurance company, or self-funded by the employer. In the fully-funded model, the […]
June 16, 2021
Small Employers Need to Offer Employee Health Insurance

Why Small Employers Need to Offer Employee Health Insurance

When we talk with our small business clients about their largest challenges, finding good employees is at the top of the list. Small employers need to offer employee health insurance in this challenging hiring market. Beyond being able to compete with other employers, there are more key advantages to providing benefits: 1) Employee Satisfaction – Company culture is an important factor in enhancing employee engagement, productivity and performance. Organizations that support both their employees’ professional and personal well-being contribute to […]
June 11, 2021
employee health insurance

Don’t Lose Your Workforce Over Employee Health Insurance Benefits

A few years ago, companies that relied on their employees to find health insurance through the Affordable Care Act’s individual marketplace found the landscape in complete disarray. While things have finally stabilized for the moment, the practice of grossing up wages to pay for those plans is still not always the best option for mid-sized employers. The onus is on the employee and affordability is out of the company’s hands. But perhaps most importantly, businesses with a 20+ person workforce […]
June 2, 2021
employee health benefits

How Two Indianapolis Small Employers Offer Employee Health Benefits

Insurance brokers can say all they want about the many ways small businesses can offer quality health benefits, but “the proof in in the pudding” as they say. Two of our clients were gracious enough to tell their stories, offering solid examples of how and why small employers offer employee health benefits.  Gettum Associates, Inc According to Jason Gettum, owner of Gettum Associates design & remodeling contractors located in Greewood, offering health insurance to his 13+ employees is important for […]
May 18, 2021
Employee Health Benefits

Small Employers Have Options for Employee Health Benefits

If you employ under 20 people, you may have found that offering employee health benefits to be cumbersome both in implementation and in cost. This does not have to be the case. The Wharton & Power Insurance Team has been helping local small employers offer high-quality health benefits for over 30 years. The health insurance industry has been all over the place since the passage of the Affordable Care Act. We have been here through it all, advising our clients […]
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