Volk Insurance Benefits Offers Top-Notch Employer Sponsored Benefits in Fort Collins and Greeley, Colorado
Employer-sponsored benefits have a long history, dating back to WWII when corporations started to utilize health care to recruit personnel. The 1942 Stabilization Act was enacted to prevent inflation by limiting an employer's power to boost pay to attract workers when the labor pool was limited. However, due to the law, companies have turned to alternative incentives, such as health insurance. Health benefits were not subject to income tax or payroll taxes since they were considered part of compensation but...
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