Health Spending Accounts vs. Lifestyle Accounts: What’s the Difference? When it comes to employee benefits, many businesses are exploring ways to add flexibility and value beyond traditional health insurance. Health Spending Accounts (HSAs) and Lifestyle Accounts are two popular options that provide employees with discretionary funds for specific types of expenses. But what’s the difference…
Understanding Cost Share in Employee Benefits: Balancing the Premiums When managing an employee benefits plan, one key factor often goes overlooked: cost share. Cost share defines how the premiums for benefits are split between employees and employers. Surprisingly, for small to mid-sized companies, this component can make a substantial difference in how benefits are perceived,…
When it comes to employee benefits, the real question isn’t about cost. Instead, it’s about understanding why you offer a benefit plan in the first place. Too often, companies get caught up in budget discussions, focusing on what the plan costs without fully appreciating the purpose behind it. But without a clear sense of purpose,…
