Health care and family Excepted-benefits health plans provide typically tax-exempt reimbursement to select employees and their eligible dependents for virtually all medical costs not covered by their primary health plans.

Small- to mid-sized businesses have long struggled with attracting and keeping top talent, primarily due to their general inability to afford compensation packages that include optimal health care benefits, in addition to a competitive base salary. This is evermore the case in the aftermath of COVID-19, which has caused an earthquake in the U.S. workforce, job market and how companies operate in their provision of employee benefits.

Due to the pandemic, seismic numbers of lower-level employees have been terminated and many of their positions have been eradicated, with the bottom-line goal of creating a leaner, meaner organization. High-level employees – those critical to company profits and growth – have filled the gaps with increased workloads and hours. The result: major burnout among top performers and what’s been dubbed “The Great Migration “– their resignation and attrition to other companies offering better compensation plans. For employers, this has caused a red-hot demand and fierce competition for high-level hires, and a need to customize benefits packages that are responsive to their needs and wants.

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