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Insurance Blog

Please read our blog about a wide variety of insurance topics. Please feel free to ask us any questions.

Can I Have Health Insurance Through Work and on My Own?

If you have group health insurance through your employer, it will not stop you from being able to purchase health insurance independently. The group health plan provided through your work may not meet the level of protection you want. You can also reject signing up for group health insurance and choose to buy only your own health insurance policy. Many people choose to have more...

If My Company Is Acquired by Another Company, What Happens to My 401(k)?

If your employer is acquired, the fate of your 401(k) plan may depend in part on what type of acquisition it is – asset sale or stock purchase.  In an asset sale, the selling company retains responsibility for the 401(k) plan. Employees of the acquired company that stay on after the sale are typically considered new employees of the acquiring company.  If the acquisition is...

How to Roll Over Your 401(k)

If you leave your job for reasons other than retirement, you have four options on what to do with your 401(k). You can: Leave it with your former employer Consolidate it into your new employer’s 401(k) plan Cash it out Roll it over into an IRA or Roth IRA. Rolling Over a 401(k) to an IRA IRAs offer more investment options than 401(k)s. IRA fees...

Am I Required to Provide My Employees with Short-Term or Long-Term Disability?

Short-term disability insurance provides some income replacement when a non-work-related illness or injury leaves an employee unable to work for a limited time period. Long-term disability insurance serves the same purpose, only for longer periods of time, ranging from two years to retirement age, depending on the policy.  No law requires employers to offer long-term disability insurance to employees. However, five states and Puerto Rico...

What Benefits Should I Offer My Employees?

Employee benefits will cost your business. There is no avoiding that, but the pros outweigh the cons. Advantages of offering benefits include better recruitment and retention, greater wellness and productivity, tax advantages, and a more positive company culture. Developing a benefits package represents a leap in the growth of your company. A major step in the process is deciding what benefits to offer. What Are...