June 27, 2024
Lyceum Insurance ServicesBenefits That Increase Employee Retention
Employee benefits are essential to your organization’s ability to support your workforce. An ideal benefits portfolio may include various perks and programs that can assist employees in pursuing aspirations, planning financial goals and maintaining wellness. Furthermore, ideal employee benefits offerings can also cultivate significant advantages for your company as a whole, including improved retention. However, […]
June 2, 2024
Lyceum Insurance ServicesWhat Is Employee Benefits Administration?
Employee benefits are essential parts of modern employment arrangements. The insurance coverage, financial incentives and wellness opportunities often included in benefits packages can be enticing and valuable additions to an employee’s direct compensation. In fact, several studies have shown that many employees may prioritize ideal benefits over higher wages and salaries. However, while employee benefits […]
April 12, 2024
Lyceum Insurance ServicesThe Importance of Staying on Top of Regulations That Can Impact Your Employees
As an employer, you are responsible for complying with various laws, rules, regulations and requirements. Many compliance requirements are specific to employment. Given this level of responsibility, even the most diligent and experienced organizational leaders must dedicate ample time and attention to remain informed about relevant regulations and adjust operations as necessary to ensure compliance. […]
April 6, 2024
Lyceum Insurance ServicesAffordable Care Act: 2024 Compliance Checklist
In the ever-changing landscape of healthcare, staying updated on policy changes is crucial. The Affordable Care Act (ACA) remains a cornerstone of American healthcare, but it can present year-round challenges for employers. In 2024, ACA is seeing more changes, so companies need to stay updated. These changes include amendments to preventive care coverage criteria, extensions […]
March 19, 2024
Lyceum Insurance ServicesMaryland Paid Sick and Safe Leave
In an effort to prioritize the well-being of employees, Maryland has implemented the Paid Sick and Safe Leave law. Employers with 15 or more workers are required by Maryland’s Healthy Working Families Act to offer paid sick and safe leave to their workers. Employees are required by law to accrue one hour of paid […]
March 9, 2024
Lyceum Insurance ServicesSpring Cleaning Your Insurance Policies: Tips for Optimization
The flowers bloom and the days grow longer; spring is the perfect time not only to declutter your home, but also to assess and optimize your insurance policies. As the seasons change and nature undergoes a renewal, it’s the perfect time for businesses to engage in some financial spring cleaning. The evaluation and optimization […]
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, […]
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 […]
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 […]
January 11, 2024
Lyceum Insurance ServicesWhat Is Employee Benefits Management and How Can it Help Employers?
As an employer, employee benefits represent integral parts of compensating, caring for and retaining your workforce. These various perks and incentives, such as group health insurance options, employer-sponsored life insurance, financial assistance programs and training and educational opportunities, can all be critical investments for employers. However, employee benefits can often be complicated and nuanced, making […]