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 […]
January 15, 2024
Lyceum Insurance ServicesNew Year, New Coverage: Evaluating Your Insurance Needs for 2024
Step into the New Year with a fresh perspective on your employees’ well-being! As we enter a new year, it’s a good idea to review your insurance coverage to make sure it still meets your changing demands. To reduce risks and protect assets, organizations must continually review their insurance coverage as the business landscape changes. […]
January 9, 2024
Lyceum Insurance ServicesMedicare Prescription Drug Cost Changes for 2024
“People with Medicare deserve to have access to accurate information when making coverage choices and to be able to get the care they need without excessive burden or delays,” said Dr. Meena Seshamani, CMS Deputy Administrator and Director of the Center for Medicare. The Centers for Medicare & Medicaid Services (CMS) confirmed that premiums, benefits, […]
December 20, 2023
Lyceum Insurance ServicesWhy Is Professional Development Important in Business?
Retaining talented employees is crucial for an employer’s productivity and overall success. With industry trends and labor market conditions constantly in flux, employers can remain competitive by prioritizing employee professional development efforts. Such initiatives have increased in popularity and demand to support today’s workers and changing workplaces. What Is Professional Development in the Workplace? Professional […]
December 19, 2023
Lyceum Insurance ServicesDecoding Employee Preferences: Holiday Bonuses vs. Enhanced Benefits
Holiday Bonuses vs. Enhanced Benefits Employers often wonder how to show appreciation to staff during the holidays. Contemporary workers value expanded benefits as a more durable and meaningful form of acknowledgment than holiday bonuses. Let’s dive into what employees want! The Appeal of Holiday Bonuses: A Classic Gesture Instant gratification: Holiday bonuses give workers a […]
December 15, 2023
Lyceum Insurance ServicesHow to Promote Diversity, Equity and Inclusion in the Workplace
Attraction and retention, workplace culture, employee productivity and compliance are some of an employer’s more significant challenges. Diversity, equity and inclusion (DEI) programs can be crucial in these workplace factors. While many organizations may already pursue diversity, equity and inclusion efforts, employers are rethinking their strategies and adding a renewed focus on belonging. What Is […]
December 13, 2023
Lyceum Insurance ServicesUnwrapping the Benefits of Holiday Giving and Matching Programs for Businesses
Joy, love, and generosity are high during the holiday season. Behind the cheery facade of the holiday season is a chance for businesses to do good in their communities while also boosting their bottom lines. A corporate donation matching gift program is a type of charitable giving program in which companies match the donations made […]
December 8, 2023
Lyceum Insurance ServicesACA Reporting Deadlines for 2024: What Employers Need to Know
“The clock is ticking… to 2024!” ACA Reporting Deadlines As 2024 draws near, it’s important for employers to know when the ACA reporting dates are. Certain firms are required by the Affordable Care Act (ACA) to disclose information on the health coverage they provide to their employees. The IRS uses this information to enforce adherence […]
November 14, 2023
Lyceum Insurance ServicesWinter-proofing Your Business: Insurance Tips for the Coming Cold Months
As winter approaches, businesses face a new set of problems, such as property damage and possible lawsuits due to accidents that happen in the winter. Are you ready to run your business? There are many things outside of your control that need to be ready. Your business also needs to be winter-proofed. Preparation for the […]
October 25, 2023
Lyceum Insurance ServicesGuide to Choosing the Best Health Plan for your Workforce
It’s time again! Open enrollment season is approaching, and it is very important for both employers and employees. This is where employers get to choose which plan is best suited for their employees. If your business has over 50 employees, you’re required to provide health insurance, according to the Alternative Care Act (ACA). If the […]