According to PwC’s Health Research Institute, medical costs in the U.S. will increase 6.5 percent in 2016. Benefit plan changes, such as narrower provider rangers and higher deductibles, will reduce the increase to 4.5 percent, though many consumers and the companies that employ them will continue to struggle to afford healthcare services. What can you do to continue to provide the health insurance coverage your workers need without devastating your budget?

According to PwC’s Health Research Institute, medical costs in the U.S. will increase 6.5 percent in 2016. Benefit plan changes, such as narrower provider rangers and higher deductibles, will reduce the increase to 4.5 percent, though many consumers and the companies that employ them will continue to struggle to afford healthcare services.

A 401(k) plan is a retirement savings plan that is established by an employer for eligible employees. Employees who participate in the 401(k) plan can make contributions to their accounts with both pre- and post-tax dollars—up the annual limits set by the Internal Revenue Service (IRS). Employers can also contribute funds to their employees’ accounts, and many will ‘match’ the deposits their employees make up to a certain amount.

Shoes that are too tight can hurt your feet. Pants that are too loose will fall down. Whatever clothing you’re putting on your body, it’s important to find the right fit if you want to look and feel your best. The same can be said about homeowner’s insurance. If you purchase more coverage than you need, you’re wasting money. But if you underinsure your home and possessions, recovering from a burglary, fire, flood or other natural disaster could be even more costly.

In 2008, U.S. small businesses paid $105.4 billion in tort liability costs according to the U.S. Chamber Institute for Legal Reform.  It’s a number we can assume has continued to grow, with more than 100 million lawsuits filed in our nation’s courts every year. From loss of customers and blemished reputations to devastating financial hardship and bankruptcy, they can cause lasting damage. Fortunately, understanding recent lawsuit trends may help you protect your small business.