Morgan Q. Moran is a licensed insurance agent in the state of Florida and is the managing partner of The Moran Financial Group http://www.floridahealthinsuranceweb.com. His strong background in financial management includes: insurance, annuities, and asset management. He has proven methodologies to help his client with all aspects of financial risk management. Morgan holds a B.S. degree from the University of Vermont in Business Administration with concentrations in both marketing and finance.
What is the major concern for an employer? Taking very good care of their employees is a must. Many have perceived that as an expensive task to overcome, as it means providing the employee with vacations, bonuses, incentive pay, insurance, etc… While all of them are valid reasons there are many ways in which employees can be given benefits that do not drill too deep a hole into the employer’s pocket.
Medical Spending Accounts: MSAs offer benefits and cost-control advantages like no other policy. Self-employed people can use this as also a small group of 50 people. There are two parts to the MSA, one is the high-deductible health-insurance plan (HDHP) and the other is the insurance policy. HDHP offers deductibles in the range $1,500 - $2,250 for single people and $3,000 - $4,500 for families. Medical insurance is claimed using an MSA in a manner similar to any other insurance policy.
CDH, or Consumer-driven Healthcare plans are a good option for those employers who want to involve their employees in framing insurance policies for the firm. There are options like HSA, Healthcare Savings Account and HRA, Healthcare Reimbursement Account, among many others.
401(k) and Savings Benefits: Many small companies have a 401(k) plan or savings plan in place, but hardly any money is contributed to these plans. In spite of this situation, growing companies do not fund more than $2,500 every year to an employee's saving plan. Most of the small company contributions lie at the maximum of $1,000. Hence funding such saving programs would be a good benefit for the employee. Also identifying a tax-saving scheme would help the employer also.
ESOP, Employee Stock Ownership Program permits the employees to buy stocks in the firm. Stocks can also be offered as incentives and bonuses. ESOP has a tax-deferred status that is valid until the retirement of the employee. Similarly Pension Plans can be devised where an employee can either have a fixed income upon retirement or contribute to the pension fund.
Offering assistance to the employees who have relocated to work with the firm can be a good way to build good-will that will go a long way. Business travelers can be offered perks like being able to take their families on a tour once a year. “Life-style” benefits like grocery coupons, dry-clean services, health insurance for pets, etc… give a sense of belonging to the employee. Having a child-care center is a great way to provide support to working mothers.
Employee Benefits A Consultant can help you!
- Related Videos
- Related Articles
- Ask / Related Q&A
- Easy Ways to Save More Money For Your Health Care Insurance
- The Cost of Health Care Insurance Prohibits the Vulnerable From Receiving Proper Care
- How To Get Affordable Supplemental Health Care Insurance For Seniors
- Why Health Life Insurance is Important For your Family
- Pet Health Care Insurance: Show your Pets That you Care!
- Web Based Health Care Insurance System
- Florida Health Care Insurance Plans: A Brief Overview
- How You Can Get Affordable Supplemental Health Care Insurance For Seniors
Florida's senators: Room for improvement in health care reform bill
By: Rick Lewis | 02/12/2009Both of Florida's senators say there's plenty of room for improvement to the health care reform bill being brought to debate by Senate Majority Leader Harry Reid.
Hundreds protest for Broward teacher raises
By: Rick Lewis | 02/12/2009Come January, Denise Elbaum will pay another $200 a month for health insurance for her two daughters.
Broward School Board shakes up insurance committee
By: Rick Lewis | 02/12/2009Broward School Board members agreed to take themselves off of a once-coveted insurance advisory committee on Tuesday, the result of criticism over climbing health insurance rates and ongoing scrutiny over how the district does business.
Ga. Earns `F` on Premature Birth Report Card
By: Rick Lewis | 02/12/2009For the second consecutive year, Georgia earned a grade of `F` on the second annual March of Dimes Premature Birth Report Card but it showed improvement on criteria
Georgia can’t afford its share of ObamaCare
By: Rick Lewis | 02/12/2009We can’t afford these plans. Scrap ’em. Start over.
Cost of legislation
By: Rick Lewis | 02/12/2009Remember when health care reform was supposed to make life better for Coloradans? Well, reform efforts have taken an unexpected, and unfortunate, turn in recent weeks.
Clinics set for H1N1 flu vaccine
By: Rick Lewis | 02/12/2009Brush Family Medicine will offer H1N1 flu vaccinations to eligible members of the community on a first-come, first-served basis on Thursday, Nov. 19, from 8:30 a.m. to noon and from 1 to 4:30 p.m.
Why Your Swine Flu Vaccine Isn’t Here, Plus Common Sense Tips From The Healthcare Consumer
By: Rick Lewis | 02/12/2009While much has been written about the H1N1 “swine flu”, we think some concise information is worth providing.
Florida Health Insurance
By: Morgan Q. Moran | 09/04/2007 | InsuranceFlorida health insurance may or may not be in your stars. But with that in mind, if you live in the state there is a chance that you will have to make a purchase sometime in the future. The majority of people who shop for Florida health insurance do so because they do not receive benefits through their employer, or they are self employed. Of course, some companies also shop for group health insurance policies.
Affordable Florida Health Insurance Plans Demanded
By: Morgan Q. Moran | 09/04/2007 | InsuranceFinding affordable health insurance has never been easy; it is not "one size fits all." Now, with the increases in policy rates, hardly anyone in Florida can "afford" to stay healthy. Depending on your current state of health, budget and individual needs, the best insurance for you may be far different than the best insurance for a friend or another family member. What can you do protect your family? Contact an expert insurance consultant and talk to them about your needs. They can show all avai
Jacksonville Florida Health Insurance Quotes are Demanded
By: Morgan Q. Moran | 09/04/2007 | InsuranceWith the real estate market booming and the surge in job availability in Jacksonville, Florida rising--Some might think the best place to purchase health insurance is through a local venue. If truth were told, your best choice to shop for Jacksonville Florida health insurance is going to be on the Internet. There are so many options currently in the health insurance industry. This causes a great deal of competition in the marketplace for your business.
Cobra Health Insurance - What is It?
By: Morgan Q. Moran | 09/04/2007 | InsuranceCOBRA health insurance provisions will apply to private employers with at least 20 employees. Individual state and local governments may also make rules regarding eligibility for COBRA health insurance. Take note that the COBRA health insurance provisions don't apply to health insurance plans sponsored by the Federal government. Also, these provisions don't apply to certain church sponsored insurance plans, or certain church-related organizations.
Florida Health Insurance Rate Hikes and Quotes
By: Morgan Q. Moran | 09/04/2007 | InsuranceFlorida Health insurance premiums have touched new heights! Every Floridian has the common knowledge that most annual health insurance contracts will endure a rate increase at the end of the year. This trend is not new and should be expected. Every time this issue pops up it seems as though the blame game starts. Floridians blame Health insurance companies;Health insurance companies blame Hospitals, Doctors and other medical care providers, Medical care providers blame inflation and politicians.
Health Insurance in Florida is Out of Control
By: Morgan Q. Moran | 09/04/2007 | InsuranceHealth Insurance premiums are out of control! The trend of higher costs and lower benefits is on the rise. Florida Health Insurance web suggests using an insurance professional to find the best available rates for your individual, small business, or self employed health insurance. Voted the number one insurance portal by Florida consumers, Florida Health Insurance Web, reports nearly three million Floridians without health insurance in Florida.
Employee Benefits Low Cost?
By: Morgan Q. Moran | 09/04/2007 | InsuranceMedical Spending Accounts: MSAs offer benefits and cost-control advantages like no other policy. Self-employed people can use this as also a small group of 50 people. There are two parts to the MSA, one is the high-deductible health-insurance plan (HDHP) and the other is the insurance policy. HDHP offers deductibles in the range $1,500 - $2,250 for single people and $3,000 - $4,500 for families. Medical insurance is claimed using an MSA in a manner similar to any other insurance policy.