Posts made in June, 2012

Can Employers Save Taxes with a Section 125 Cafeteria Plan?

Posted by on Jun 29, 2012 in Section 125 Cafeteria Plans | 0 comments

  A cafeteria plan is a list of voluntary fringe benefits an employee can choose from. Generally, these benefits will have premiums, or costs, associated with them. The employee then elects to have monthly premium costs deducted from his or her paycheck. The employer then forwards these premiums each month to the benefits company. The plans are named for the section of the Internal Revenue Code that allows employers to withhold these premiums from employees pay. The worker benefits because they gain access to valuable health and welfare benefits they would have a hard time getting into...

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Employee Benefits: Communication is Key

Posted by on Jun 27, 2012 in Employee Benefit Program | 0 comments

Many surveys have shown that even though employees routinely underestimate how much their benefits cost their employers, they do value their benefits – when they know and understand them. That means plan administrators, human resources professionals and managers need to work together and make a concerted effort to educate workers on the benefits available to them through their workplaces. After all, a benefit that is unused or unappreciated has little retention value, and does nothing for the employer but suck up premium dollars. It does not help employees feel valued or wanted. In...

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Disability Coverage Protects Workers’ Futures

Posted by on Jun 22, 2012 in Employee Benefit Program | 0 comments

Disability insurance replaces lost income for individuals who are unable to work due to a disability. This type of coverage, which complements health insurance, is a very valuable form of insurance. Research shows that more than 40 percent of people who are currently 40 years old will develop a long-term disability by the time they reach age 65. Income replacement following a disability can be achieved in three main ways. Social Security Disability Benefits These benefits are paid to workers who expect their disabilities to extend past a period of 12 months. In addition to this, their...

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Investing at an Early Age

Posted by on Jun 13, 2012 in Income Protection | 0 comments

You’ve probably been told at least a few times in your life that you should be putting money aside “for a rainy day”, but perhaps it hasn’t yet crossed your mind to begin planning, specifically, for your future retirement. If you think it’s too early, or if you feel you’re not yet ready, financially … think again. Even with a certain amount of debt from car payments, student loans, and living expenses, there are several different ways that a young person can invest their money (and their time) wisely. While it’s true that some people begin investing later in life and still...

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5 Ways To Ease Into Retirement Without Stress

Posted by on Jun 8, 2012 in Retirement | 0 comments

Every working person looks forward to the day he or she can retire. When this day arrives, there is no need to set an alarm clock or face a long daily commute. Although the concerns of committing to a work schedule are gone, there are other types of issues that come with having more free time. Unfortunately, very few people are prepared for these challenges. Some retirees feel like every day is a weekend day. This feeling is enjoyable for a while, but retirees eventually start worrying about what to do with too much idle time. Physical readiness is not the only issue. People must also...

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