Let’s face it. We human beings are generally creatures of habit. We tend to do the same things over and over even if we aren’t always thrilled with the result, something Albert Einstein called the definition of insanity. Continue reading “Is Inertia Costing You Money?”
Last week’s mail started the avalanche of end of year statements and one of the first to arrive was my HSA statement. I am lucky to be in pretty good health so I don’t mind having a high-deductible health plan. As a result, I also get to watch my HSA continue to build up year after year so this is one statement I usually look forward to opening. Continue reading “Re-Evaluating Your HSA for Your Workforce”
As a financial planner at Financial Finesse, one of my responsibilities is to make sure our content library is up to date when things change. Now that I’ve had a chance to review all of the changes that will take place in 2012, I thought it would be helpful to list what I consider some of the more relevant ones, and what you should do to take advantage of them. Continue reading “Important Changes to be Aware of in the New Year”
It’s open enrollment season, and many employees are making the key decisions that will impact both their health coverage and tax situation for 2012. Commonly, employees are seeing higher deductibles and co-pays, but are still not maximizing their ability to, not only cover this exposure, but to also shelter some of their income from taxes by utilizing an FSA or HSA. Continue reading “Open Enrollment: A Tale of a Lost Opportunity”
Our insurance agent delivered the bad news last week – the company’s health insurance premiums are going up 19% next year. To curb this huge cost increase, we either have to look at increasing the deductible or increasing the premium burden on our employees. Because of Healthcare Reform, this will be a common scenario that many employers will face over the next few years. Because of the new economic realities of escalating healthcare costs and an aging population (a few of my co-workers hit milestone birthdays that pushed them into the next higher age bracket), we’ve come to realize that balancing business costs and benefits needs is not just about spending more, it is about spending differently. Continue reading “Benefits Trends: Looking Ahead to the Future”
