A small nonprofit involved in economic research for socially forward programs added employees for the first time in 2021. Leaders knew that health care benefits are important, but
Noncash compensation alternative to raising wages By Margaret Lett, PhD Negotiation for higher pay and promotions is happening at the speed of Silicon Valley on espresso. With a w
For Immediate Release Employers can reward employees for healthy life-work habits. St. Paul, MN. October 2021. Benafica, LLC, is building a better employee benefit ecosystem with t
Is ICHRA better than a traditional group plan? In many cases yes. This innovative health insurance model is a superior option compared to traditional employer based group health pl
A • B • C • D • E • F • G • H • I • M • P • Q • R • S • T • W A ACA Compliant – refers to a major medical health insurance policy that confo
Bringing key employer services to insurance advisors Benafica is excited to announce our partnership with LeClair Group, a leader in health and life insurance distribution and advi
Combining an ICHRA with a Section 125 Plan gives maximum benefits to both the employee and the employer. When a company has both a Section 125 Plan and an Individual Coverage HRA,
Section 125 of the Internal Revenue Code, also known as a “Cafeteria Plan” allows employees to pay certain expenses on a pre-tax basis, such as insurance premiums and medical o
The new kind of group health plan: an Individual Coverage Health Reimbursement Arrangement, ICHRA (pronounced ICK-ra). A consequence of being an advisor in the highly regulated an
