As a California business owner, particularly in thriving areas like San Diego, offering competitive employee benefits is crucial to attracting and retaining top talent. One powerful tool to achieve this is a Section 125 plan, often referred to as a Cafeteria Plan. These plans provide financial advantages for both employers and employees, making them a valuable addition to your benefits
At Regency West, we specialize in helping small businesses in San Diego and California find health insurance solutions tailored to their needs. In this post, we guide you through choosing the right health insurance plan for your business, balancing affordability, coverage, and employee satisfaction. Whether you’re a small or large business, this comprehensive guide will simplify the decision-making process and
As of 2022, 37 states (and Washington, DC) have legalized marijuana in some form. But the costs associated with medical marijuana are not covered by health insurance plans, even in states that have legalized weed. These facts seem at odds. If medical marijuana is legal in a state, and if a doctor recommends medical marijuana for a patient, why can’t
Considering the COVID-19 pandemic’s massive impact on the workforce, a more robust benefits package is not a matter of if, but what. As in, what changes should employers make to benefits packages to retain employees and attract high-quality talent? For 2022, you’ll want to explore your many options to bolster your current benefits — and give your company the competitive
If COVID-19 has reinforced any maxim, it’s this: personal health and wellness is the cornerstone of longevity and livelihood. While the lines have blurred between work and home, the need for comprehensive healthcare — and affordable plans that cover it — has become remarkably clear. How will you, the employer, take action to prioritize this need for robust employee benefits options? Personalized
While city, county and state governments rush to reopen the economy in an attempt to lessen the financial damage caused by the months of quarantine closures, many business owners remain conflicted and confused about how to move forward in the midst of a continuing crisis that has no end in sight. Despite being given the government’s authorization to do so,
In a survey by the Society for Human Resource Management, about three-fourths of HR professionals reported that their organizations offered wellness incentives in 2014. Of this number, about two-thirds reported that their wellness program was “somewhat effective” or “very effective” in reducing healthcare costs. So, wellness programs reduce business costs. But how do you, a small business owner, determine how
More than half of the U.S. working population is employed by a small business. However, employee turnover keeps many of these businesses from lasting for the long run. How can your firm reduce employee turnover? First, understand the direct and indirect costs of losing an employee. Exact expenses vary by industry and job position, but here are estimates from the Center
When a small business owner considers group coverage for employees, their search starts with the Big Question: How do I pay for my employees’ health insurance? The Big Answer is a bit complicated, but we’ll cover the bases in this post. To pay for employees’ health insurance, you can structure group coverage in one of two ways: through a (1)
