12 results for "SMB"BLOG
Understanding Group Health Plans for Small Businesses
By: Carla Fried
Access to health insurance through work is typically the most sought after benefit among employees. While group health plans are the norm at large firms, small businesses often don’t offer group health plans. The non-profit Kaiser Family Foundation reported that in 2019 less than half of firms with between 3 and 9 employees offered a group health plan.
Do I need to provide health insurance to my employees as a small business owner?
By: Carla Fried
As a small business owner, whether you need to provide health insurance to employees comes down to how many full-time workers you have on payroll.
Federal law mandates that if a small business has at least 50 full-time employees it must provide health insurance to employees. The government’s definition of full-time is based on working an average of at least 30 hours a week for at least 120 days a year.
How to Keep HSAs Exempt from ERISA
As a business owner, you know there are rules to protect your employees. If you don’t follow these regulations, you may have to answer to your city, state, or the federal government. One federal law — the Employee Retirement Income Security Act of 1974 or ERISA for short — keeps an eye on your company’s…
Open Enrollment Tips for Small Businesses
By: Lauren Hargrave
As a small business owner, you’re probably your own Human Resources Department. That means it’s up to you to decide the kind of health insurance you offer your employees, how much you’ll contribute toward their premiums or whether you offer health insurance at all.
How Your Section 125 Cafeteria Plan Interacts with Your HSA
By: Aaron Benway
Some of you might have heard of a “Cafeteria Plan.” A smaller number may have even heard the term “Section 125.” However, most HSA owners have never really needed to know these terms, much less the underlying mechanics governing the employer benefits programs it created. Still, for a minority, including those serving in a company…