Corporate Coverage - Employee Benefits

🚨 Attention small business owners! 🚨 The No Participation window for group-level benefits is here! From Nov 15th to Dec 15th, businesses with less than 50 employees can enroll in group benefits without meeting the typical 75% minimum participation requirement for eligible full-time employees. What does this mean? Normally, getting 75% of eligible employees to enroll can be a challenge—especially for smaller teams and industries like blue collar. But during this special window, any size group can enroll without the 75% threshold! 🙌 For example, a company of 25 can have just 5 employees enroll and still establish benefits. 📅 Enroll during this period to receive a Jan 1st effective date. If you establish benefits with CareFirst, you'll never be subject to future audits as long as you maintain at least 2 W2 employees (including the owner!). Offering benefits isn't just about compliance—it's about staying competitive, attracting top talent, and retaining a strong workforce. Don't miss out! #SmallBusiness #EmployeeBenefits #OpenEnrollment #CareFirst #StayCompetitive #NoParticipationWindow #HRTips #TalentRetention

📘 Simplify the day-to-day management of your benefits plan with our comprehensive guide! 🖋️ Whether you're an employer or an employee, this resource is here to help you navigate your benefits with ease and confidence. Find it here: https://lnkd.in/geQU-xph 💼 #EmployeeBenefits #BenefitsManagement #WorkplaceWellness

Discover how employers can transform their workplaces by supporting employee caregivers! ✨ As caregiving responsibilities grow, flexible work arrangements and comprehensive wellness programs are essential to help employees balance their roles. By fostering a culture of understanding and providing resources like mental health support and caregiver networks, companies can boost morale, enhance productivity, and retain valuable talent 👌🏻 Keep reading here: https://lnkd.in/gZ8GA-FV #CaregiverSupport #WorkplaceWellness #EmployeeCare #CorporateCoverage

Did you know that most of US health care spending goes toward chronic and mental health conditions? 🧐 As these issues often go hand-in-hand, they create a significant economic burden. Employers can help reduce this impact by supporting integrated care strategies that prioritize both physical and mental well-being for their teams 💪🏻 Reach out today for learn about integrated care strategies. #WorkplaceWellness #ChronicCare #MentalHealthSupport #CorporateCoverage

Health care costs are expected to grow by 7% to 8% in 2025, driven by advancements in medications and the rising prevalence of chronic conditions 📈 Understanding these trends can help employers make informed decisions to support their teams and manage costs effectively. Proactive planning today sets the stage for a healthier workforce tomorrow 💯 #HealthcareInsights #EmployerSupport #CostManagement #CorporateCoverage

Employers, it's time to prepare for 2025! 📢 The Internal Revenue Service (IRS) has raised the health flexible spending account (FSA) pre-tax contribution limit to $3,300 and the carryover limit to $660. Update your plans, adjust your documents, and keep employees informed during open enrollment ☝🏻 A small update, but a big step toward supporting your team's health and financial well-being! #EmployeeBenefits #FSAUpdates #OpenEnrollment #CorporateCoverage

Happy Thanksgiving from all of us at Corporate Coverage! 🦃 Today, we're grateful for the opportunity to support businesses in navigating the complexities of employee benefits. Wishing you a day filled with joy, gratitude, and the company of loved ones ✨ #Thanksgiving2024 #CorporateCoverage

Health insurance costs are rising sharply, with the average family plan now at $25,572, a 7% increase for the second consecutive year 💸 Employers are absorbing most of these costs, paying about 75% of premiums while struggling to limit the impact on employee paycheck deductions. As healthcare expenses outpace wage growth and inflation, it's crucial for employers to explore strategic options to manage these escalating costs effectively 💼 Read more here: https://lnkd.in/eS7-QnmK #HealthInsurance #EmployerChallenges #CostManagement #CorporateCoverage

Employers with 50 or more full-time employees are required by law to provide key benefits that safeguard their employees' well-being. Here's what these essential programs offer: ▶️ Unemployment Insurance: Temporary aid for workers who lose their jobs through no fault of their own. ▶️ Workers' Compensation: Protection for medical costs and lost wages from work-related injuries. ▶️ Family and Medical Leave Act (FMLA): Unpaid, job-protected leave for family or medical reasons. ▶️ Health Insurance: Coverage for full-time employees under the Affordable Care Act (ACA). ▶️ State-Specific Benefits: Additional protections, such as paid family leave, that vary by state. These benefits aren't just legal requirements— they're essential for fostering a secure and healthy workplace. Contact us now to tailor the best benefits for your employees! #EmployeeBenefits #WorkplaceWellness #EmployeeProtection #CorporateCoverage

As health insurance costs rise with the expiration of subsidies, employers must adapt to support their teams 🔁 It's crucial to explore innovative benefits solutions to ensure your workforce remains healthy and engaged. Read more about the upcoming changes and their impact on businesses: https://lnkd.in/gZrEQZrr 🔎 For inquiries or to better understand how we can work together to tailor competitive health benefits for your employees, send us a message now. #HealthInsurance #EmployeeBenefits #HealthcareCosts #CorporateCoverage