Exploring Employee Benefits

What’s Required? What Isn’t? And Why Do Great Benefits Make Happy Employees?

$8.00 + your state filing fee
4 Credit Hours

This course favors L&H insurance agents but is applied as general credit for all agents.

COURSE DIFFICULTY

INTERMEDIATE
This course covers the following topics:
  • We will examine the most common employee benefits many employers elect to offer – health insurance, life insurance, disability insurance, and retirement benefits.
  • We will discuss what benefits are required to be offered by employers and what benefits are not required.
  • We will look at why great benefits make happy employees.

Summary

In an increasingly competitive marketplace, business who create a great place to work are generally able to recruit and retain top talent. Do you know how? Because they offer their employees the benefits they want. The vast majority of job seekers look for a quality benefits package, in addition to their paycheck. And while perks like free snacks, catered lunches and break-room yoga classes might receive lots of buzz in the media, they aren’t necessarily the benefits most desired by employees. A survey conducted by Fractl of 2,000 U.S. works found that when it comes to attractive benefits, better health, vision and dental insurance topped the list with 88% of respondents reporting that they would give this benefit “some consideration” (34%) or “heavy consideration” (54%) when choosing a job. Employee benefits factor in significantly to an employee’s total compensation. Benefits can increase the value of an employee’s salary by 20%… or more. Some benefits are paid fully by employers, while others require the employee to contribute toward all, or part of, the cost. Either way, employer-sponsored benefits are generally much cheaper than an individual trying to receive benefits as an individual. In this course, we will examine the most common employee benefits many employers elect to offer – health insurance, life insurance, disability insurance and retirement benefits.

Outline

1. Introduction to Employee Benefits

  • 1.1 Overview
  • 1.2 Purpose of the Course
  • 1.3 Understanding Basic Benefit Offerings
  • 1.4 Employee Benefits: Facts and Figures
  • 1.5 Summary
  • Affidavit of Personal Responsibility
  • Chapter 1 Quiz

2. Group Health Insurance

  • 2.1 Overview
  • 2.2 Types of Employer-Sponsored Health Benefits
  • 2.3 Managed Care Plans
  • 2.4 Tax Implications of Employer-Sponsored Health Plans
  • 2.5 Medicare and Group Health Insurance
  • 2.6 Retiree Health Benefits
  • 2.7 Other Group Health Plans
  • 2.8 Summary
  • Chapter 2 Quiz

3. ACA and SHOPS

  • 3.1 Overview
  • 3.2 Understanding SHOPS
  • 3.3 Qualifying Employers
  • 3.4 Applying for SHOP Coverage
  • 3.5 Small Business Health Care Tax Credit
  • 3.6 SHOP Benefits or Spend Down ?
  • 3.7 Summary
  • Chapter 3 Quiz

4. Group Life Insurance

  • 4.1 Overview
  • 4.2 How Group Life Insurance Works
  • 4.3 Forms of Group Life Insurance
  • 4.4 Advantages of Group Life
  • 4.5 Disadvantages of Group Life
  • 4.6 Group Term Life: The Basics
  • 4.7 Group Permanent Life: The Basics
  • 4.8 Summary
  • Chapter 4 Quiz

5. Group Disability Insurance

  • 5.1 Overview
  • 5.2 Disability Insurance 101
  • 5.3 Group Disability Insurance: Trends in Employee Access and Employer Costs
  • 5.4 Group Short-Term Disability Insurance
  • 5.5 Group Long-Term Disability Insurance
  • 5.6 Tax Treatment of Group Disability Insurance
  • 5.7 Disability Insurance Facts & Figures
  • 5.8 Summary
  • Chapter 5 Quiz

6. Retirement Plans

  • 6.1 Overview
  • 6.2 Understanding Qualified Retirement Plans
  • 6.3 Other Forms of Qualified Retirement Plans
  • 6.4 401K Fast Facts
  • 6.5 Summary
  • Chapter 6 Quiz

Exam

  • Final Exam

FAQ

Q: What should I expect from this online course?

A: We use a unique system to help you learn the material easily. Our online courses present you with information in large type that is easy to read. We highlight key items in gray and quiz you after each chapter to make sure you are learning critical information. You may review the material as much as you want before taking your required online, multiple-choice exam. Passing the exam proves your proficiency in that subject to your state’s governing authority.

Q: Can I print my online course materials and test questions?

A: According to the state authority, it is not permissible to print or download any course material or exam questions. However, you are free to access all online courses from our website anytime.

Q: How long does it take to complete an online course?

A: The time required to complete an online course varies from student to student, but it roughly approximates the number of credit hours awarded for the course. You must pass an online, multiple-choice exam. Passing the exam proves your proficiency in that subject to your state’s governing authority.

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