As a Benefits Advisor I spend a great deal of my time fighting the good fight on my clients’ behalf and despite what most people think, I’m here to tell you there is still opportunity to provide a benefits package that offers real value to your employees.”
High-Deductible Health Plans have grown in popularity in recent years, particularly among companies with a high proportion of younger workers who are less likely to require health care on an ongoing basis. Offering a high-deductible plan in tandem with a tax-advantaged Health Savings Account to help employees pay for their medical expenses is a great way for employers to empower employees to make choices that will provide the most benefit and value to them based on their own personal needs.
Historically self-funding was an option only for large companies with significant financial reserves but in the last few years the market has shifted significantly to make self-insurance a viable option for smaller companies.
For income related benefits, such as disability and life insurance, an employer can increase the value of the benefit upon claim with just a few simple steps.