Medicare for all is the newest buzzword these days. Putting everyone on a Medicare type system that the government regulates and enforces, is the general premise. In theory it makes some sense, except when you break down the costs compared to what you actually get. Its going to be a tough sell, to put it […]
Whether you’re a Millennial or Baby Boomer, employees pretty much want the same thing from their employer; a good salary, good benefits, and a sense of belonging. Lets dive into the Employee Benefit offering first. Employee Benefits are vital, and sometimes a deal breaker for a potential new hire Obviously the first Employee Benefit would
Even though I’m an Independent Insurance Broker, I am not a fan of most of the insurance carriers. The effects of NOT having health insurance plan, or Group Health Insurance plan, could be disastrous, economically. Honestly, Health Insurance is a necessary evil. If you are an employer, and you offer a Group Health Plan, you
Think that dads deserve the same amount of time for parental bonding leave as moms? If you answered no, it’s time to review your parental bonding policy. The EEOC recently announced that that practice of giving moms more bonding time is discriminatory. Employers are required to grant fathers equal amounts of paid parental bonding leave.
The Trump Administration released rules that would make it easier for small business and sole proprietors to purchase insurance as a group. By setting up an Association Health Plan business owners can now band together to purchase insurance as a group. This will be beneficial because the costs will potentially be lower. On top of
Since 2004, the concept of using an #HSA has been growing steadily, and its predicted that it will surpass both HRAs and FSAs. That’s a lot of acronyms. To sum it all up, people like HSAs. They’re not wild about High Deductible Health Plans, or #HDHPs, but that is the only way to have an
Small Business owners are setting up #EmployeeBenefits for their employees at a frantic pace in today’s economy. Yes, the Group Benefits are expensive….there’s no doubt about that, but #SmallBusiness employers are having a hard time competing with others in their industry. It really doesn’t matter if its a Plumbing company, or a Tech #StartUp. Technology
How about employers that want to give employees $$ to go out and buy their own Health Insurance, not so fast!
It used to be that employers would give their employees money to purchase their own Individual-Family plans. They would find plans on the internet or through an Independent Broker. Some employers would “reimburse” employees for their health insurance expenses that they found on their own. Many companies would claim the money paid as a “business
The “Save American Workers Act, (HR 3798) will be voted on very soon by the House of Representatives. If passed, it would change the definition of a full time worker to a full 40 hours a week, not 30 hours as it stands now with the ACA, ObamaCare. Today, an employer with at least 50
ACA Employer Mandate and Pay or Play may be going away, possibly retroactively! Employers are cheering
I would not celebrate yet…but H.R. 4616 would basically shut down the ACA’s Employer Mandate, sometimes known as the “Pay or Play” for larger employers. Members of the House of Representatives will be voting very soon on this bill that could suspend collection of the ACA Employer Mandate penalties and also further delay the ACA
If you are an employer that is looking to put together a Group Health Insurance plan, there may be some affordable options out there, only available once a year. The ACA (ObamaCare) has mandated that once a year, during the month of November, all carriers, Kaiser, Anthem, Aetna, UHC, Blue Shield, all have to accept
Back in 2004 when HSA plans made their debut, most employers made the switch, including myself. It made absolute sense. The savings in moving from a traditional plan was so great that employers were fully funding the employee’s deductibles, and still saving a ton of money. It was a no brainer…..then something changed. Because so
The bottom line to all of the talk about Employee Benefits or Group Health Insurance for smaller companies is this….they really have to make sense for you, as an employer, to have them available to your employees. I’ve been introduced to so many owners of companies that don’t see the value in Employee Benefits being
If you have Group Benefits in place now at your company, or if you are thinking of putting together Group Health Insurance for your employees, there is a lot to think about. Health Insurance is all over the news. Group Health Insurance is expensive, confusing, and most business owners don’t know where to start. That’s