Smart Benefits for Small Businesses

Examining Benefits That Are Truly Worth the Investment

$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:
  • An overview of the various benefits employers may choose to offer such as vacation, health insurance, long-term disability coverage, tuition reimbursement, retirement savings, and more.
  • An examination of the benefits small business owners are required to offer
  • A look at the benefits small businesses choose to offer in order to attract and retain employees

Summary

For small and growing businesses, recruiting and retaining top-quality employees goes beyond compensation. Employers are able to offer benefits that employees can’t access on their own, and so benefits provide value for employees at a relatively low cost to companies. Many times, the benefits package a small business offers is a deciding factor for prospective job candidates. The vast majority of job seekers look for a quality benefits package, in addition to their paycheck. Vacation, health insurance, long-term disability coverage, tuition reimbursement, and retirement savings plans are just a few of the many benefits employers may choose to offer its employees. But what benefits, required by state, federal, or local statute, must a company provide its workers? This information is particularly important for small businesses, which have to allocate benefit dollars carefully while complying with relevant laws. In this course, we will examine the benefits small business owners are required to offer, as well as the ones many choose to offer in order to attract and retain employees.

Outline

1. Small Business and Employee Benefits

  • 1.1 Overview
  • 1.2 Purpose of the Course
  • 1.3 Understanding Basic Benefit Offerings
  • 1.4 What Are The Typical Employee Benefits For A Small Business
  • 1.5 Small Business Employee Benefits: Facts and Figures
  • 1.6 Summary
  • Chapter 1 Quiz

2. Employer-Sponsored 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 In Summary
  • Chapter 2 Quiz

3. Making Sense of the ACA and Shops

  • 3.1 Overview
  • 3.2 Major Changes Resulting from the ACA Impacting Small Businesses
  • 3.3 Understanding SHOPS
  • 3.4 Qualifying Employers
  • 3.5 Applying for SHOPS Coverage
  • 3.6 Small Business Health Care Tax Credit
  • 3.7 SHOP Benefits
  • 3.8 SHOP Enrollment Period
  • 3.9 Summary
  • Chapter 3 Quiz

4. Dental, Vision and Other Supplemental Insurance

  • 4.1 Overview
  • 4.2 The Importance of Vision Health
  • 4.3 Vision Insurance Policies 101
  • 4.4 The Importance of Dental Health
  • 4.5 Dental Insurance Policies 101
  • 4.6 Other Supplemental Insurance Offerings
  • 4.7 Summary
  • Chapter 4 Quiz

5. Retirement Benefits

  • 5.1 Overview
  • 5.2 Understanding Qualified Retirement Plans
  • 5.3 Other Forms of Qualified Retirement Plans
  • 5.4 401(k) Fast Facts
  • 5.5 In Summary
  • Chapter 5 Quiz

6. Setting Up an Employee Benefits Package

  • 6.1 Overview
  • 6.2 Deciding What Benefits to Offer
  • 6.3 Selecting a Budget
  • 6.4 Evaluating Providers
  • 6.5 Setting Up an Employee Benefits Program: Employer FAQs
  • 6.6 The Common Question Employees Ask About Benefits
  • 6.7 In Summary
  • Chapter 6 Quiz

Final 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.