Many employers are offering healthcare now because of the Affordable Care Act, but how are they managing them? Many cost-conscious employers understand the need to offer benefits. Besides avoiding costly penalties, it shows they value their employees, helps attract and retain top talent, and adds an extra value that a paycheck or vacation time
Know your plan design In our previous post, we spoke about the eligibility of employees for the Affordable Care Act and how keeping track can make or break a company’s wallet when the penalties start stacking. This is the second half of the information you need to know discussing plan designs and what they need
Time to change ACA gears The July 4th weekend marked more than our nation’s anniversary of freedom, it marked less than 6 months to another ACA installation date. As most of you are aware, the ACA postponed the original “installment” date of the Employer Mandate portion and cut it into 2 portions. Those companies with
Supreme Court Rules on Federally Run Marketplace Subsidies In the news earlier today, the Supreme Court of the United States (SCOTUS) has “ruled 6-3 that the federal subsidies that help nearly 6.4 million people pay for their Obamacare health plans are legal under the Affordable Care Act,” according to the CNBC website, June 25, 2015.
The value of employee choice: the elusive 100%. The polls are in – and employees are mostly happy with their provided health plans: mostly. 85% of employees polled claim that they’re anywhere between somewhat and extremely satisfied with their employer provided benefits plan – and that means employers are doing a good job. This should
What a smart employer should know about wellness programs If you or your company is searching for a benefits program, you’ve probably seen so much insurance jargon your head is spinning. Wellness, MVP, MEC, gap coverage, FSA, HSA contribution gaps, cafeteria plans… the list goes on, but that doesn’t answer your questions about what benefits
HIPAA, the Anthem security breach, and why you shouldn’t lose faith Last week, Anthem revealed that they suffered a security breach on their system which could affect 80 million people – that’s 80 million people’s birthdays, social security numbers, and other personal information that could be out on the internet. This is far from a
It’s finally 2015, and there are new choices out there for companies and employees to take advantage of. We all know the gist of the Affordable Care Act (ACA) so far: get your employees affordable healthcare, or face penalties. Of course, we all know it’s thousands of pages more complex than that,