Learn about employer contributions in health insurance, the fraction of a plan's cost paid by the employer. Understand its importance in reducing employee healthcare expenses.
Learn about 401h trusts, a limited-use account to fund employee insurance costs post-retirement. Discover tax benefits and employer contribution limits.
Explore the benefits and workings of Group Annuities, a collective approach to retirement planning for employees of the same employer. Understand how group annuity contracts are structured and their advantages.
Learn about Multiple Employer Welfare Arrangements (MEWAs), funds and trusts financed by employers to provide medical benefits. Understand their structure and benefits.
Learn about Group Life Insurance, a cost-effective life insurance option for employees that leverages tax cuts, adverse selection, and shared expenses.
Learn about Health Maintenance Organization (HMO) health insurance plans, how they work, and the obligations for employers with more than 25 employees.
Learn about the minimum compensation level, the essential pay threshold that employees must attain to participate in pension or profit-sharing plans.
Learn about an Excess Plan in pensions, a retirement funding strategy that includes the impact of social security benefits. Understand its importance and how it can affect your retirement planning.
Learn about prepaid legal service plans within pension benefits, which provide employees with access to legal services. Understand how these plans work and their benefits.
Discover how age-weighted profit-sharing plans in life insurance make larger contributions for older participants, ensuring equitable retirement benefits through compound interest.
Discover how an Employee Stock Ownership Plan (ESOP) offers employees part ownership of the company they work for, including trust-held stock certificates.
Learn about the Employee Certificate of Insurance in health and life insurance. Discover what this proof of membership in a group plan entails and the key elements it includes.
Learn about formal plans in pensions, their legal enforceability, and the rights extended to eligible employees. A must-read for anyone looking to understand retirement plans.
Explore how Money Purchase Plans work as retirement or pension plans, ensuring a secure future by purchasing annuities periodically throughout employment.
Learn about Workers Compensation, benefits provided to employees injured, disabled, or killed while working, and the insurance employers take to cover these benefits.
Explore the dependent care plan in health insurance, a notable employee benefit where employers reimburse childcare or provide on-site daycare facilities.
Learn about Flexible Spending Accounts (FSAs) in health insurance, pre-tax deductions, and coverage for child care or medical expenses. Understand the benefits and limitations, including the forfeiture rule at year's end.
Explore the Voluntary Employee Beneficiary Association (VEBA) and how it is used to pre-fund health care for employees. Learn about the benefits and structure of VEBAs in health insurance.
Learn about the Flexible Benefit Plan in health insurance where employees can tailor their benefits package to suit their personal and family health needs.
An in-depth look at informal plans in the pension domain, covering retirement plans with unspecified benefit amounts and no obligatory funding sources.
Learn about switch maternity provisions in health insurance where female employees are covered only if their husbands are listed as dependents. Understand key aspects of this policy.
Understand the Thrift Plan in pensions, a unique retirement plan that incorporates an added employee savings feature. Learn how it functions and benefits employees.
Discover ERISA liability, a mandatory obligation for employees in financial capacities to ensure the proper management of pensions and benefits.
Learn about the Percentage Test in pensions. It establishes if a qualified plan benefits 70% of employees on the lower end of the pay scale. Understand its importance in ensuring fair pension distribution.
Explore the concept of 24-hour care coverage which combines work-related and non-work-related benefits to offer continuous protection for illnesses and injuries.
Discover what it means to cash out vested benefits in general insurance. Learn how employees can take money out of their vested benefits.
Understand deferred compensation plans and how the deferment of an executive's salary can supplement retirement income. Learn about the agreement requirements and employee loyalty benefits.
Learn about the term 'Eligible Employee' in health insurance, who qualifies, and the available group policy benefits. Understand what makes an employee eligible for health insurance benefits.
Learn about Employee Pension Benefit Plans, employer-created programs offering retirement benefits or deferred income until termination. Understand the key aspects and benefits.
Learn about Extension of Benefits in Health Insurance, a critical policy condition that offers extended coverage for non-working employees or hospitalized dependents.
Learn about Key Employee Insurance and its significance in health and life insurance, ensuring continuity and financial protection for businesses against the loss of key personnel.
Understand the Money Purchase Benefit Formula for pensions, featuring fixed contributions from both employees and employers based on salary.
Learn about nonforfeitable benefits in pension plans, which are safeguarded entitlements that cannot be lost by the insured regardless of changes in employment status.
Discover the essentials of Nonqualified Plans in pensions. Learn how these employee benefit plans operate, their benefits, and unique features, including IRS filing exemptions and discrimination allowances.
Learn about the pension trust fund, a reserve of money contributed by both employers and employees, used to pay for pension benefits after retirement.
Learn about the critical role of a plan sponsor in pensions, specifically the responsibilities of organizations like employers in establishing and managing retirement plans.
Learn about Split Dollar Plan in life insurance, a unique contract where both employer and employee share premium costs and benefits.
Temporary disability benefits provide financial support for employees who qualify due to non-occupational disabilities. Learn about your rights and coverage according to health insurance regulations.
Explore the flexibility of cafeteria benefit plans in health insurance which allow employees to customize their premiums and benefits.
Learn about Medical Savings Accounts (MSAs) in health insurance, which are funded by employer contributions. Discover how employees can use these accounts for medical expenses and potential cash withdrawals.
Learn about the Ordinary Life Pension Trust—how it funds through life insurance contracts, offers death benefits to employees, and transitions to retirement benefits.
Learn about Section 125 plans in health insurance, a flexible benefit plan that allows pre-tax employee contributions. Discover how these plans can optimize your health benefits.
Learn how the benefit formula in health insurance calculates the amount of benefits an insured person is entitled to under an employee benefit plan.
Get a comprehensive overview of the Summary Plan Description (SPD) in health insurance, detailing all available benefits under a specific plan.
Learn about unallocated funds in pensions, where plan funds are pooled together for the benefit of all participants. Explore its significance and how it impacts pension plans.
Discover what an unqualified plan is within the realm of pensions, including its definition and key tax implications that make it distinct from qualified plans.
Explore Voluntary Compensation Insurance, a type of coverage providing benefits where traditional workers compensation may not apply. Learn how it fills coverage gaps.
Learn about the contribution formula in pension plans, which specifies the amount an employer will pay into profit sharing or money purchase plans. Understand its significance in retirement planning.
Explore the essential aspects of Employee Welfare Benefit Plans, including their role in providing medical care, benefits upon illness, death, or unemployment. Ideal for employers seeking to understand their obligations.
Learn about group health insurance, a policy where many individuals, often employees of a single business, are covered under one contract. Explore the benefits and key features of group health insurance plans.
Learn about medical expense reimbursement plans and how they provide reimbursement for specified health care-related expenses for employees.
Explore the concept of Normal Retirement in pensions, which refers to retirement taken at the time deemed standard by the pension plan. Learn its significance and implications.
Learn about what it means to be a party in interest in the context of pensions, including the roles of medical professionals and employees responsible for establishing pension plans.
Discover how salary savings insurance works, a life insurance policy paid for by payroll deductions. Learn how employers facilitate this benefit by deducting premiums from employees' paychecks.
Learn about defined contribution pension plans where contributions are predetermined, with the benefit amount totaling the contributions. Discover how these plans impact retirement savings.
Explore the key features of employee benefit programs, focusing on employer-provided health and life insurance to cover medical care, death, and disability expenses.
Learn about Endorsement Split Dollar Plans, a liability insurance strategy where an employer holds ownership and control of an employee’s life insurance policy, ensuring the employee's right to benefits through the employer’s endorsement.
Learn about the Employee Retirement Income Security Act (ERISA) related to life insurance, which outlines federal criteria concerning pension plans, including participation requirements, financial responsibility, and financing.
Discover the benefits and workings of an Individual Contract Pension Trust, where insurance and annuity contracts are held by a trust for employees. Ideal for understanding pension plans tailored to policyholders.
Learn about the master contract in pensions, which is the agreement provided to employers for their employees under a group contract. Explore its significance and implications.
Learn about multiemployer plans, where more than one employer contributes to a pension. Discover how these plans are affected by collective bargaining agreements.
Learn about noncontributory health and life insurance where the employer covers the full premium, relieving employees from any contribution. Ideal for understanding employer-sponsored insurance benefits.
Learn about the Normal Retirement Benefit in pensions, which represents the greater of an employee's early retirement benefit or the benefit at normal retirement, excluding medical or disability benefits.
Learn about payroll deduction insurance, where employees authorize their employers to deduct life insurance premiums from their paychecks. Understand how this convenient method works to secure continuous coverage.
Explore the intricacies of pension plans. Learn how they provide monthly income for retirees and their spouses, along with death and disability benefits, ensuring financial security under the Employee Retirement Income Security Act.
Learn about prototype plans in pensions, a retirement plan available for free to employers due to organizational sponsorship.
Discover the essentials of a Self Administered Trustee Plan, a retirement plan managed by a trustee who handles contributions, investments, and benefit payments.
Learn about contributory plans where employees contribute to their premium in health and life insurance policies.
Deferred compensation in pensions allows employees to defer current payments until death, disability, or retirement, as agreed upon with the employer in a written statement. Learn the benefits and regulations.
Dive into what an Educational Assistance Plan is in the context of pensions—employer-offered benefits where employees’ educational costs are reimbursed.
Learn about group contracts in health and life insurance, including benefits, coverage details, and eligibility for employees under a single employer.
Learn about the concept of past service benefit in pensions, which provides credit for the time an employee worked before a retirement plan was instituted.
Learn about the ratio test in pensions, a test ensuring equitable coverage where a certain number of lower-paid employees benefit, equaling 70% of higher-paid employees.
