January 17, 2024
Lyceum Insurance ServicesReport Health Plan Costs on Form W-2
Unlock a healthier and financially empowered future with our groundbreaking approach to health plan reporting! Certain US companies must report health plan costs on Form W-2. Employers must record group health plan costs on W-2 forms. This report informs employees about health care costs. Employees’ Form W-2, Wage and Tax Statement, Box 12, must include […]
February 2, 2024
Lyceum Insurance ServicesTax Tips for Maximizing Health Insurance Benefits and Tax Deadlines for Businesses 2024
Making sure you file your taxes is key in the United States. For the 2023 year, taxes are due April 15 unless you file an extension. While this is one of the most important deadlines within the tax season, there are other dates that hold equal importance. For employees, retirees, self-employed individuals, etc; January 16, […]
February 6, 2024
Lyceum Insurance ServicesCelebrating Your Team with Enhanced Benefits
As February unfolds, businesses are gearing up for a special day that holds immense significance: Employee Appreciation Day! It’s a great idea for companies to take a moment to recognize the effort and commitment that their employees make as Employee Appreciation Day draws near. Employers have an excellent chance to show appreciation and make efforts […]
February 11, 2024
Lyceum Insurance ServicesNavigating Paid Leave Mandates: A Guide for Employers
In recent years, the landscape of employment benefits has evolved, with an increasing focus on paid leave policies. As the discussion around work-life balance gains momentum, the government has been enacting paid leave mandates to ensure employees have adequate time off for personal and family needs. In this blog article, we’ll look at the importance […]
February 18, 2024
Lyceum Insurance ServicesNew Rules Around Misclassifying Employees as Independent Contractors for 2024
Employers will have to deal with a changing legal environment in 2024 that will put more emphasis on worker classification. There has long been a problem with employees being incorrectly classified as independent contractors, and new regulations have been put in place to address and resolve this problem. We’ll look at the effects of the […]
February 27, 2024
Lyceum Insurance ServicesHow to Make Sure You Are Providing Your Employees the Best Health Benefits
Employee benefits are an increasingly essential part of the employee-employer relationship in modern workplaces. Employee benefits include various programs, incentives and insurance coverages that may compensate your workforce beyond their direct wages or salary. Furthermore, offering the right employee benefits can directly impact your attraction and retention efforts, meaning that you may be better positioned […]
February 27, 2024
Lyceum Insurance ServicesAre Employee Surveys Effective?
Employee surveys can help employers better understand aspects of their organizations, such as job satisfaction, company culture and employee benefits. It’s essential to know how employees view their organizations because it can provide information that can be used to improve workplace conditions, thus strengthening retention rates, improving morale and increasing productivity. However, many organizations may […]
February 27, 2024
Lyceum Insurance ServicesBenefits of a Consulting Provider
Benefits consultants can help your company source, select and manage employee benefits. Human resources (HR) consulting services fall under the umbrella of business coaching and can help your company overcome numerous internal challenges, such as poor communication, high turnover and unmotivated workers. Value Added by Benefits Consultants Benefits consultants are experts assisting companies in sourcing, […]
February 29, 2024
Lyceum Insurance ServicesTaking the Extra Leap for Employee Health Initiatives
Buckle up for an unconventional ride through the corporate calendar—it’s Leap Day! Let’s seize this once-in-four-years opportunity to leap into a workplace transformation that goes beyond the ordinary. We get an extra day on our calendars every four years: February 29th, often known as Leap Day. Though some may find this day unremarkable, it offers […]
March 5, 2024
Lyceum Insurance ServicesThe Luck of the Irish (or Should We Say, the Insurance) – How to Take Luck Out of Your Employee Benefits
An Irish saying: “Wherever you go, whatever you do, may the luck of the Irish be there with you!” One of the best-known events on the March calendar is St. Patrick’s Day. What exactly is “the luck of the Irish”, and does it apply to us? In the ever-changing world of employee benefits, […]