The CheckPoint HR Blog

[VIDEO] The 3 Benefits Employees Want Most in 2017

Posted by Denise Bauwens on Sat, Mar 11, 2017


With the recruitment landscape growing increasingly competitive, it's important for employers to offer employees the benefits they want most. Discover the three benefits employees want most. 

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Topics: Benefits, benefits broker, benefits education

Employees Need a Better Understanding of Benefits Costs

Posted by Bill Faughnan on Thu, Jul 21, 2011

Do your employees understand the costs associated with benefits? While they may understand the value of dental insurance, health insurance and 401(k) plans, a recent study conducted by the research firm LIMRA found that of 1,500 U.S. employees, 40% are unaware of their health insurance costs. The remaining 60% felt as though they knew the cost of their health insurance, however, of that 60% only 15% were able to provide a reasonable cost estimate.

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Topics: employee benefits, Benefits, benefits strategy, automated hr, benefits broker, retirement

The Importance of Benefits in Today's Economy

Posted by Bill Faughnan on Tue, Jul 5, 2011

According to a recent report conducted by the Society for Human Resource Management (SHRM) 77 percent of 600 HR professionals surveyed claimed the economy has taken a toll on benefit plans, up from 72 percent in 2010. Additionally, pension plans and housing and relocation programs have been on the decline, as budget cuts have caused organizations to cut spending in these areas.

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Topics: employee benefits, Benefits, benefits strategy, benefits broker

CheckPoint HR Ranked Among Top NJ Insurance Brokerages

Posted by Bill Faughnan on Wed, Apr 6, 2011

CheckPoint HR is pleased to announce that it has been ranked among the Top 15 Insurance Brokers in NJ by NJBiz!  NJBiz highlights the top 25 brokerages in this week’s issue.

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Topics: employee benefits, insurance broker, benefits broker, Health Insurance Plans for Mid-Sized Businesses

Health Insurance Plans for Mid-Sized Businesses – Reviewing Your Options

Posted by Bill Faughnan on Wed, Mar 30, 2011

Health insurance plans vary in their benefits and costs depending upon a number of factors.  One factor is the size of the business purchasing the plan.  In most cases, federal or state laws consider a small business to be one with fewer than fifty employees.  More than fifty, and it is considered either a mid-sized business or a large business, depending upon the state.  There are numerous excellent health insurance plans for mid-sized businesses, and choosing the right one involves reviewing your options and selecting the one that fits your needs the best.

One common choice, and usually the best option of all the health insurance plans for mid-sized businesses, is group health insurance.  Unlike other plans, these plans insure an entire group of people as a whole, spreading out the risks among them.  In most cases, individual health forms from each employee are not required although a set of health related questions may need to be filled out.  Since the premiums and risks are shared through the group, the premium payments are usually lower since the risks that the health insurance company incurs are less overall.  However, coverage can actually be denied if too many of your employees have serious medical conditions or high risk factors.

Another option is to look into shared risk health insurance plans for mid-sized businesses.  These insurance policies can help lower an employer's premium payments even more by allowing the employer to take on a percentage of the risks associated with the plan.  If a claim is filed, for example, the employer may have to cover a percentage of the costs before insurance coverage would kick in and pick up the remainder of the bill.  Again, coverage isn't guaranteed, but for a company looking to find cost-effective health insurance plans for mid-sized businesses, sharing the risks in an insurance plan may be the best option at the time.

Comparing health insurance plans for mid-sized businesses involves a few different things.  One important thing to look into is what kind of charge the plan involves.  The two basic types of fees involved in health insurance plans for mid-sized businesses are age based and composite.  With a composite fee, the premium charge per employee is a flat rate regardless of their age.  With age based health insurance plans for mid-sized businesses, the fees will vary depending upon the age of each individual employee.  This is important, especially for businesses with many older employees.

Employees may end up contributing to the premium payments involved with health insurance plans for mid-sized businesses.  While many companies pay all of the costs on their own, some split the cost with their employees, who have a percentage of their checks deducted each pay period to pay for their share of the insurance.  On rare occasions, health insurance plans for mid-sized businesses will require employees to pay all of the costs but enjoy a tax benefits and discounted rate.  Whatever option you select, there are plenty of health insurance plans for mid-sized businesses to choose from.  You're certain to find the right one for your company with just a little effort.

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Topics: employee benefits, health care, health care costs, benefits broker, Health Insurance Plans for Mid-Sized Businesses

Controlling Health Care Costs – Five Quick Tips

Posted by Bill Faughnan on Tue, Mar 22, 2011

All businesses want to be able to offer their employees great benefits.  Health insurance is the most sought after type of benefit that potential employees look for when seeking employment.  But for businesses of any size, the cost of insurance can be more than they expected.  Controlling health care costs is an important aspect of providing employees with insurance.  By considering a few steps, a business can still provide their employees with insurance benefits but lower the amount they have to pay for it.  And insurance isn't just the only factor.  Employee absences due to illness and workers compensation can also hurt your budget.  Here are five things you can consider implementing for controlling health care costs in your business.

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Topics: Health Care Reform, employee benefits, health care, Benefits, health care costs, benefits broker

Five Healthcare Benefit Trends to Consider

Posted by Shannon Cortina on Tue, Mar 15, 2011

Employers are always looking for innovative ways to balance the needs of their workforce but now in a post- Health Care Reform era this becomes even more important. One thing is for certain, employers must work with a trusted advisor to ensure they sustain an optimal benefits program.

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Topics: Health Care Reform, health care, human resources, benefits strategy, health care costs, benefits broker, health reform law

Voluntary Benefits: How Small Businesses Can Take Advantage

Posted by Bill Faughnan on Tue, Feb 15, 2011

It's often difficult for small businesses to maintain the delicate balance between what the business needs to succeed and what employees need to succeed.

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Topics: Health Care Reform, employee benefits, health care, Benefits, benefits strategy, health care costs, benefits broker, voluntary benefits, health and wellness

Will Generation Y Become the Benefits Savvy Generation?

Posted by Bill Faughnan on Mon, Feb 14, 2011

According to recent research conducted by Harris Interactive and Unum, the percentage of workers age 18 to 32 that said they are extremely or very familiar with retirement accounts jumped from 31% (2008) to 43% (2010).

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Topics: employee benefits, Benefits, benefits strategy, benefits broker

Nine Ways The New Health Law May Affect You in 2011

Posted by Bill Faughnan on Wed, Jan 5, 2011

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Topics: Health Care Reform, unemployment, human resources, payroll services, health care costs, benefits broker