Private Exchange Explained Before you purchase or renew a traditional employee benefits plan, you would do yourself a favor by considering a Private Exchange instead. What’s a private exchange? A private exchange is a health insurance marketplace for a company’s employees. Here’s how it works The employER makes a contribution to the employee’s benefits. It can…Read More
Employee benefits first began during World War II as a way to attract the best workers. Today, most employee benefit plans are taken for granted at best and actually despised at worst. Your employee’s satisfaction with their job, their health, and their financial well-being can all be affected by their benefits. But it doesn’t have…Read More
Most California small business owners chose to renew their group health insurance plans early in 2014. Although most couldn’t tell you why they chose the early renewal, they did make the right choice. The process of renewing early is known as “grandmothering”. The name is an offshoot of the previous form of keeping your old…Read More
On January 1, 2015, the federal government imposed a maximum 90-day waiting period for new employees to be added to their employer’s health insurance. This new rule was, of course, part of the Affordable Care Act. Traditionally, employers were allowed to choose a waiting period to their liking with some employers choosing 6 months or…Read More