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 »
The Work Opportunity Tax Credit
offers a federal tax break to employers
that hire workers from targeted disadvantaged groups on or before
Aug. 31, 2011.
- The credit is worth up to 40 percent of the first $6,000 of qualifying wages paid to a WOTC-certified worker employed at least 400 hours.
- For...
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 »
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 »
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 »
With few job openings available in today's down economy, resume fraud is on the increase. According to one research group, the percentage of applicants misrepresenting their educational background has risen from 13.6 in 1995 to 16.07 in the second half of 2009. A recent university study showed that...
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 »
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 »
As an Employee Benefit Advisior, I keep coming up against the
struggle of small, low wage employers trying to offer a decent
benefit package to their employees. This is not too hard
until a person with health conditions makes the group renewal out
of everyones price range. As a member of...Read More »
Lets talk about the cost of employment..Although I
can't list everything because some things would be different due to
number of employees and the state the employee is in. But, here are
the obvious cost: Social Security, Medicare, FUTA and SUTA. Other
payroll cost I view as 'Administration,' and...Read More »
As a business owner it is increasingly more difficult
and time consuming to manage the administrative end of your
business. When you think of all the time you devote to human
resource issues, employee benefits administration, workers' comp,
risk/safey management and of course payroll administration,...Read More »
Let' face it business owners, there is an awful lot of confusing stuff swirling around when it comes to employee benefits plans. With all the talk of health care reform and trying to make sense of the new COBRA regulations, it's a wonder that you have any time left to run your business. Management... Read More »
With
health costs skyrocketing and recession revenues contracting,
certain employers have had no choice but to eliminate group health
coverage all together. There are still options, however,
for small employers to put together some
sort of benefit package for their remaining
employees. For one,...Read More »These accounts
,
introduced by the IRS back in the mid '80's, are a terrific
benefit tool to help contain out of pocket medical and dependent
care expenses. The advantage of utilizing this benefit
over deducting these expenses on a personal tax return is that
in most states, you save on five (5)...Read More »
,
introduced by the IRS back in the mid '80's, are a terrific
benefit tool to help contain out of pocket medical and dependent
care expenses. The advantage of utilizing this benefit
over deducting these expenses on a personal tax return is that
in most states, you save on five (5)...Read More »Steve Day here again. The news is filled with a
socialistic agenda for our country with the current
leadership. Entrepreneurs and cottage industries are being
left out with most of
the new legislation. Small companies are
vulnerable and lack the resources or political influence
to protect...Read More »
Powered by Compendium