Insurance Blog

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

How HRAs Offset Premiums & Deductibles For Group Plans

A health reimbursement arrangement (HRA) can offset premiums and deductibles in a group health insurance plan. These savings are realized when a high-deductible health plan (HDHP) is combined with a Deductible-Gap HRA. Employers can benefit by saving money and reducing overhead with a high deductible, while the effect on employees is offset by the HRA. What Is An HRA? An HRA is an employer-funded account...

What All Can You Use An HSA For?

Health savings accounts (HSAs) have become extremely popular in the past decade. According to key findings of a Devenir Research study, HSA accounts exceeded 25 million in a recent year, holding $53.8 billion in assets. HSAs are popular with employees enrolled in Qualified High Deductible Health Plans (HDHPs) because they allow them to pay for out-of-pocket healthcare expenses for themselves and their families with tax-free...

Should I Offer My Employees Health Insurance Or 401(k) First?

It is an employees’ market today, which makes it a challenge to find the best talent. Once you get them on board, the next challenge is retention. Offering a great employee benefits package is one of the best ways to keep your best employees. Although there is some cost to the company, providing a range of employee benefits helps keep your business stable. If you...

What Happens If I Stop Adding To My 401(k)?

If you have a 401(k) account through your employer, it is never a good idea to stop contributing to it, even temporarily, if you can possibly avoid it. If you are experiencing a financial crisis of some sort, the solution is not to stop adding to your 401(k). The following are some important reasons to continue contributing to your 401(k), even in times of financial...

Should I Sign Up For Life Insurance Through Work If I Already Have A Life Insurance Policy?

Life insurance is offered by some employers as part of their group benefits package. Usually, the employer pays for most or all of the premiums. Companies are not required to provide life insurance for their employees. When they do, it is a nice benefit, and you should take advantage of it. If you already have an individual life insurance policy, that is ideal, as group...