As Employers look ahead to 2011 plan years, they're raising questions to understand the affect health-care reform will have on current and future employee benefits plans. What changes, if any, apply to our group plan? Do I have to may all changes now? Is our plan Grandfathered; if so, does that...Read More »
As Employers look ahead to 2011 plan years, they're raising questions to understand the affect health-care reform will have on current and future employee benefits plans. What changes, if any, apply to our group plan? Do I have to may all changes now? Is our plan Grandfathered; if so, does that...Read More »
Many employers are in the midst of planning for 2011. When looking over operating costs, one area of concern is the expense of offering employee benefits insurance. With the continued uncertainty in the economy and the mounting changes from healthcare reform, it can be a lot to consider.
Many...Read More »
In a time of much uncertainty surrounding the healthcare reform, according to a June 14th PricewaterhouseCoopers, 'Behind the Numbers Report', employer costs are estimated to increase around 9%. The good news is this is a drop of 0.5% from 2010 growth rate. What are the primary contributors?
On...Read More »
On June 14,2010, The IRS, U.S. Department of Labor and HHS released
guidance on what Grandfathered Plans.
Grandfathered plans are fully-insured or self-funded health plans that existed on March 23,2010. Many within the Benefits Community were waiting for guidance to how what changes, if any, could...Read More »
Grandfathered plans are fully-insured or self-funded health plans that existed on March 23,2010. Many within the Benefits Community were waiting for guidance to how what changes, if any, could...Read More »
Section 1251 of the Patient Protection and Affordable Care Act (PPACA), preserves the ability of consumers to maintain existing coverage by “grandfathering” existing group health or individual plans where individuals were enrolled as of March 23, 2010. In addition, it allows:
- Addition of family...
The Departments of Health and Human Services, Labor and Treasury issued the Interim Final Rules for Group Health Plans and Health Insurance Issuers relating to Dependent Coverage of Children to Age 26. This is what you need to know today.
Under the Patient Protection and Affordable Care Act, group...
Read More »
For employers, employee retention and increasing productivity have
always been paramount to running a successful business. It
became clear as early as 2004, that employee’s work satisfaction is
tied in a large part to benefits. More directly, it is
benefits linked to their health, work-life balance...
With the rising costs of health-care, small business owners are
looking at ways to slash premiums and partake in federal
incentives. Have you considered implementing a Wellness
program as part of your Employee Benefits Plan?
The Health care reform further embraces and rewards employers that offer...Read More »
The Health care reform further embraces and rewards employers that offer...Read More »
One way that small business employers compete for talent is to
offer comprehensive group health plans with flex benefits.
The challenge with these type of employee benefits plans is the
cost and complexity of administration. Key components for
success are:
- Benefits Plan design
- Employee Benefits...
On April 15, 2010, H.R. 4581 - Continuing Extension Act of 2010 was passed into law extending the 65% health insurance subsidy for involuntarily terminated employees through May 31st. In addition, those who lost their jobs between March 31st and April 15th (voluntarily or not) are to be notified...Read More »
As
COBRA Administrator's for our employer groups, we keep a watch on
the every changing legislation that impacts their Employee
Benefit Plans to ensure
compliance. H.R. 4851 - Continuing Extension Act of 2010, was put before the Senate on April 13, 2010. This bill will extend benefits which...Read More »
On my last blog, I highlighted changes that took effect immediately and stretching through 2013. So, what happens in 2014 and beyond?
- State-based insurance exchanges open for business. The exchanges are available to individuals and small businesses with less than 100 full-time employees (seasonal...
Are you looking to the future of employee medical benefits in 2010
and beyond? The regulatory and compliance demands are only
going to increase for your small business. That is why many small
business owners are looking to PEOs and their Employee Benefit
Advisors for direction. Just to mention a...Read More »
If
you are like so many small business owners across America, in a
time of great economic concern, the impact of H.R. 3590 -
Patriot Protection and Affordable Care Act weighs on
your mind. Unless of course you've enlisted the services
of a Professional Employer Organization. Why not allow the...Read More »
According
to a white paper published by TriNet in 2009, one of
the "Top 5 HR Compliance Concerns for Small Business"
is Current Benefit Regulation and Law Not Being
Followed. "Small businesses spend 80% more
per employee on federal regulatory compliance than
large companies." This is...Read More »On March 2, 2010, President Obama signed H.R. 4691 into law.
Do you know how this impacts your business? You need
to.
Small businesses across the United States are turning to Professional Employer Organization Services for Employee Benefits Management. One area of complexity is the management of...Read More »
Small businesses across the United States are turning to Professional Employer Organization Services for Employee Benefits Management. One area of complexity is the management of...Read More »
It's
hard to open any form of media and not be swept up
in the whirlwind surrounding "Health Care
Reform". In atmosphere of uncertainty one thing is
clear, health care reform is on the horizon. If you are a
small business owner, you and your employees will be
impacted. People may differ on the...Read More »
Obviously you started your business to make money. As a business owner I'm sure you have found out that you spend a tremendous amount of time on administrative tasks that have nothing to do with the product or service you offer.
Give outsourcing a thought!!!!
At Management 2000, top PEO we are in the...Read More »
It's that time of year when you are beginning to look into all of the alternatives for your Employee Benefits Plan for 2010. It gets so confusing with talk of health care reform, HSA's, HRA's, HDHP's and of course all of the traditional options. Put your mind at ease this year and consider the...Read More »
If your business has or is considering downsizing, outsourcing
certain functions could be key to keeping your business up and
running. A Professional Employer Organization (PEO) can
relieve you many time consuming administrative tasks. Management
2000 is a leading PEO in the Indianapolis area and we...
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