Benefits

Studies repeatedly cite health insurance as the most desired workplace benefit among employees. However, recent studies show an increasing demand for nonmedical workplace benefits. In November 2021, LIMRA reported that nonmedical benefits are expected to increase 20% by 2026. This data comes from a survey conducted...

With the cost of health care continuing to rise, providing robust health care as a benefit to employees is becoming an increasingly important issue, especially in these times when the Covid-19 pandemic remains a concern and the future is uncertain. Fortunately, businesses can take steps to...

Employers that offer voluntary benefits — such as health insurance, retirement plans and flexible spending accounts — are required by law to disclose certain information about the plans to employees. These laws aside, employees should understand the benefits available to them so they can make...

1. What's the difference between an HMO and a PPO?  With a health maintenance organization (HMO) health plan, the group member has access to doctors and hospitals that are within the HMO network. In other words, he or she can go only to doctors that are...

Smart companies are always taking a fresh look at the benefits they're offering. Here is what's trending and what you might want to consider adding. Student loan assistance   According to the Federal Reserve, Americans currently owe $1.5 trillion in student loans — the largest amount of nonhousing...

Payroll Partners is excited to announce our partnership with FinFit. FinFit provides a short-term loan* option that offers a responsible solution for employees so they can worry less about finances and focus more on their job, all provided at no risk to your company**. Get your employees on...

We all know that the cost of employee benefits is increasing. A "cafeteria plan" is one way to rein in those costs. Through this plan, employees can select from an array of benefits, a "cafeteria" offered by your company. Example: Suppose you are prepared to offer...