When Should a Business Consider Moving to a Self-Funded Health Plan?

Self-funded health plan

For some businesses, a traditional fully insured health plan may no longer fit as healthcare costs change. A self-funded health plan is another way to pay for employee healthcare, but it also means the employer takes more responsibility for claims. Before making a change, businesses should review their current plan, claims history, financial position, and […]

Employee Performance Reviews: Best Practices for Small and Mid-Sized Businesses

Employee performance reviews

Employee performance reviews give businesses a structured way to discuss employee progress, recognize good work, and identify areas where additional support may be needed. For small and mid-sized businesses, regular reviews can also help managers understand employee goals and keep teams moving in the right direction. A good review should be more than a yearly […]

What Is Stop-Loss Insurance? Self-Funded Health Plans Explained

Stop-loss insurance for self-funded health plans

Author: Bill Capece, Director of Business Development For employers considering a self-funded health plan, one of the most important concepts to understand is stop-loss insurance. Self-funding can give employers greater control over healthcare costs, access to claims data, and flexibility in plan design. But it also means the employer takes on responsibility for paying covered […]

What Benefits Must New Jersey Employers Include in Job Postings?

Quick Answer: New Jersey’s pay transparency law requires covered employers to include a general description of benefits and other eligible compensation programs in advertised new-job and transfer opportunities. The law does not require employers to offer a fixed list of benefits. NJDOL’s currently proposed, non-binding rules identify health, life and disability insurance, paid time off, […]

Which Employers Must Offer New Jersey Pre-Tax Commuter Benefits?

Quick Answer: New Jersey pre-tax commuter benefits generally must be offered by employers with at least 20 employees for each working day during at least 20 calendar workweeks in the current or immediately preceding calendar year. Employees working outside New Jersey can count toward the 20-employee employer threshold. Covered employers must give eligible employees the […]