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BusinessHub

SWBC's BusinessHub blog is a one-stop resource for business owners and company decision makers.

 

Recent Posts

Three Customer Service Trends to Replicate in Your Business This Year

Great customer service is something that every business should emphasize. Companies that put customer service at the forefront of their business are notably more successful and able to retain their customers longer than those who don’t. When you think of great customer service, what are some of the brands that automatically come to mind?

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The Evolving Health Insurance Marketplace

2017 was an interesting year for the health insurance marketplace to say the least. Insurers dealing with the continuing financial impacts of the Affordable Care Act (ACA) found themselves positioned as either the hunter or the hunted in the new game of health care mergers and acquisitions. Indeed, some industry heavyweights formed new alliances aimed at strengthening their bottom line while diversifying outside the traditional health care delivery system. Others found more effective and efficient ways to operate via their merger activities.

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Your 4-Step Guide to Open Enrollment

It's that time of the year again, open enrollment. Make sure your employees understand the ins-and-outs of the open enrollment process. Check out our latest blog that can help guide you through the maze of open enrollment and ensuring your employees take advantage of all the benefits you offer.

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Explaining Out-of-Pocket Health Care Costs to Your Employees

As an employer, of course you want your employees to take advantage of and appreciate the value of the benefits your company provides and pays for. However, it can be difficult to appreciate things we don't fully understand. Health insurance is usually one of the most involved and confusing benefits topics to explain. Given the significant expense of providing employees with health coverage, it's in your company's best interest to help employees understand the value of their health benefits.

To help employees understand health insurance and what costs they should expect, first you must know the information yourself! Here is a primer on the out-of-pocket health care costs your employees can expect, regardless of their specific health insurance plan.

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Pres. Trump and the ACA: What Businesses Need to Know

President Trump has been working to possibly repeal and replace The Affordable Care Act (ACA) also known as Obama Care since he was sworn into office in January 2017. His goal to repeal and replace The ACA that insures more than 20 million citizens continues to be top of mind for the Trump administration. But, what does this mean to business owners and when will it happen?

Here are the top 4 things businesses need to know.

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Financially Protect Your Employees By Offering Voluntary Insurance

Providing health care coverage to eligible employees is a requirement for many employers under the Affordable Care Act. The intricacies (and expense) of complying with the requirements can be complex, but of course, the non-monetary advantages of providing your employees with health benefits—a happier, healthier workforce, higher productivity, more competitive recruiting—can make the time and energy spent by your benefits team well worth the effort. 

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The 3 Must-Know Employee Benefits Trends of 2016 (Thus Far)

With the first half of 2016 under our belt, more and more employers are looking ahead to the beginning of 2017 and the possible changes they will have to make to their group employee benefits plan. Likewise, since it is an election year, the uncertainty (and dare I say it, anxiety) is great.

The four trends I'll discuss today are areas that are driven largely by changes related to employee's response to social demands in the workforce and the ever-increasing cost of health care delivery. Being aware of and prepared to address these industry trends can help your organization plan for a successful second half of 2016, as well as a productive 2017.

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