Financial Brokerage Services

Financial Brokerage Services Financial Brokerage Services, Inc. specializes in the design, implementation and communication of cu

5 WAYS TO PROMOTE YOUR EMPLOYEE BENEFIT PROGRAMIn today’s dynamic job market, employee benefits can be a difference make...
06/23/2022

5 WAYS TO PROMOTE YOUR EMPLOYEE BENEFIT PROGRAM

In today’s dynamic job market, employee benefits can be a difference maker for your company. Here are five things you can do today to promote your employee benefit program:

1) Make Benefits a Part of Overall Employee Compensation Communication - Use employee benefits as one of many perks of working with your company, adding salary and incentives that are offered to employees. This enhances the perceived value.

2) Convey Positive Messaging Around Benefit Use – Be as positive as possible and promote options that help employees with their health, money and their lives. For example, frequently promote resources such as your Employee Assistance Program.

3) Promote Benefits Year-Round – Companies that have a reputation for taking good care of employees get there by promoting benefits all year long. For example, create a compensation statement that can be downloaded by employees at any time and remind employees to connect with HR anytime they have a question or need support.

4) Offer Benefits Q&A Sessions – It can be hard to remember every detail of every benefit and some employees may have questions, especially if they’re new to the company or experiencing a life change that might affect their benefits. Understanding a benefit is the first step to using a benefit and offering quarterly Q&A sessions will help to educate employees.

5) Empower Your Employees – Make benefits information available online using a benefit administration system so it’s easy for employees to self-enroll, access details and manage their own benefits.

Proper benefit management is part of good workforce planning as it ensures your workforce stays motivated, healthy, and cared for. If you want to inspire long-term loyalty, a transparent and flexible benefits system is the place to start. What if you could give employees an engaging experience that makes it easy to understand their benefits, with less effort and minimal cost on your end?

As your benefits broker, we offer the simplicity, personalization, and access that employees need to navigate their benefits with confidence. Contact us today to take advantage of our suite of budget-friendly benefits and technology solutions.

The IRS has announced the 2023 inflation-adjusted amounts for health savings accounts (HSAs) as determined under the Int...
05/04/2022

The IRS has announced the 2023 inflation-adjusted amounts for health savings accounts (HSAs) as determined under the Internal Revenue Code.

For calendar year 2023, the annual limit on HSA contributions for an individual with self-only coverage under a high deductible health plan (HDHP) is $3,850 (up from $3,650 for 2022). The annual limit on HSA contributions for an individual with family coverage under an HDHP is $7,750 (up from $7,300 for 2022).

Are you taking full advantage of the triple savings with an HSA?

A Health Savings Account (HSA) offers your employees a tax-advantaged way to pay for healthcare and encourages them to save for out-of-pocket expenses. The employee must be covered by a high-deductible health plan to be able to take advantage of an HSA.

HSA ADVANTAGES:

-> Triple tax savings

-> Interest and investments

-> Easy access to funds with a debit card and online account

-> Portable - an employee can take the account with them if they leave the company

Contact us for help with the design and communication of your employee benefits programs.

New poster requirement for Virginia businesses with 25 or more employees.Virginia has recently approved a measure that w...
04/25/2022

New poster requirement for Virginia businesses with 25 or more employees.

Virginia has recently approved a measure that will call for businesses with 25 or more employees to display a new “seizure first aid poster” starting July 1, 2022. The workplace signs are meant to include information on how to respond and provide safety and comfort to those suffering from a seizure. The signs will not include any medical training on how to treat someone dealing with an episode. The poster has not yet been made available by the Virginia Department of Labor and Industry. Log in or sign up for access to the FBS Client Portal for updates to state notices and poster requirements.

As a broker and consultant, we’re in a unique position to connect companies with a variety of benefits and resources fro...
04/21/2022

As a broker and consultant, we’re in a unique position to connect companies with a variety of benefits and resources from multiple vendors so both employers and their employees are able to grow and succeed.

There are several trends that have emerged due to the pandemic that should be kept in mind as we all look ahead.

For a lot of us, one of the lasting effects is the impact on financial and mental well-being. Over the last couple years, mental health related absences have increased by almost 50%. There’s also been a significant increase in the percentage of employees who believe benefits are more important now than ever before. Employees are also very interested in a wider mix of non-medical programs to support or improve their well-being. It’s become more natural today for employers to promote Virtual Care, Behavioral Health and Employee Assistance Programs to help build a more productive and resilient workforce.

Many of our vendor partners, who are at the forefront of these current topics, offer free access to insightful webinars, coaching and other resources which can be incredibly valuable to business owners, managers and HR professionals today. Contact us to learn more.

How do you stay compliant with federal healthcare deadlines and how much time does it take you?   FBS is pleased to anno...
04/14/2022

How do you stay compliant with federal healthcare deadlines and how much time does it take you? FBS is pleased to announce the release of our new portal with thousands of resources like compliant plan documents, pre-made policies and forms in order to better navigate the world of HR. Sign up for your free trial!

https://www.financialbrokerageservices.com

Do you have questions about how to implement a new employee benefits program or need information on how to improve your ...
03/04/2022

Do you have questions about how to implement a new employee benefits program or need information on how to improve your existing package?

Speak with one of our knowledgeable consultants today. The FBS team is here for you every step of the way.

Contact us at [email protected].

Address

6500 Seven Locks Road, Ste 201
Cabin John, MD
20818

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm
Saturday 9am - 5pm

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