According to the US Small Business Administration, a small business is defined as any business with 500 or less employees. In 2018, there were approximately 30.2 million small businesses employing 58.9 million workers. As you walk down the street of your hometown, many of the products and services you purchase are from local businesses – your local car mechanic, your … Continue reading →
A Flexible Spending Account (FSA) is an arrangement you set up through your employer to pay for many of your out-of-pocket medical expenses with tax-free dollars. These expenses include insurance copayments and deductibles, and qualified prescription drugs, insulin and medical devices. You decide how much of your pre-tax wages you want deducted from your paycheck up to the limit set … Continue reading →
Healthcare costs continue to rise and the message for 2017 is that employers expect them to increase by another 4%, and that’s after shopping for the best price and incorporating plan design changes. So what are employers doing to control costs and slow the rate health insurance premiums increase each year? Many are implementing Consumer Driven Health Plans that can … Continue reading →
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