MORE CHANGES COMING FOR SMALL GROUP HEALTH INSURANCE IN 2016 Excerpt from: Employers’ Coalition for Healthcare Inc. on June 02, 2015 In today’s complex and ever-changing health care climate, each year seems to bring about new regulatory and market challenges for the business owner … and, 2016 will be no different.The definition of “small group” […]
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Consumer reaction to the Supreme Court subsidy ruling Americans receiving government subsidies for health insurance policies purchased through the federal exchange expressed relief Thursday following a Supreme Court ruling upholding the assistance. ___ Diane Munroe of Concord, New Hampshire, heard the news on her way to a doctor’s appointment. She’s undergoing knee-replacement surgery later this […]
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How to Retain Employees-Offer Better Benefits! Hiring employees is just a start to creating a strong work force. Next, you have to keep them. High employee turnover costs business owners in time and productivity. Try these tactics to retain your employees. – Offer a competitive benefits package that fits your employees’ needs. Providing health insurance, life insurance […]
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Your employees are your biggest asset and your BIGGEST LIABILITY. When is it time to admit that your company doesn’t know Human Resources? As a business owner, your main priority is to be able to pay your employees and increase profits to grow the business. Stop worrying about keeping up with federal and state laws, shopping […]
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This Longtime IHOP Owner Sold His 16 Restaurants Because of Obamacare Four years ago, my reporting on Obamacare brought me to the city of Terre Haute, Ind. Located near the Illinois’ border, about an hour’s drive from Indianapolis, the city of 60,000 residents reminded me of the area where I grew up near Utica, N.Y. […]
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Some entrepreneurs are turning to professional employer organizations to navigate health reform’s complexities. ESCO Communications, an Indianapolis-based audio/visual equipment installer, has provided health insurance for its 100 employees for more than 40 years, but when CEO Chip Roth was faced with 40 percent price hike on the company’s plan last year, he realized he needed to make a change. […]
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Top 5 Startup Payroll and HR Mistakes Startups are natural rule breakers. You’ve got to ruffle a few feathers and disrupt the status quo if you want to build the next Facebook. But there’s one area where startups definitely don’t want to break the rules: payroll and HR. Startups that don’t comply with payroll and […]
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The White House Office of Management and Budget (OMB) released on February 2, 2015 the Fiscal Year 2016 Budget. It includes a specific provision where the IRS will ramp up enforcement efforts to “address noncompliance” including the employer responsibility provisions of the Affordable Care Act (ACA). The Budget proposes hiring over 400 full-time employees to […]
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To be subject to the Employer Shared Responsibility provisions for a calendar year, an employer must have employed during the previous calendar year at least 50 full-time employees or a combination of full-time and part-time employees that equals at least 50. For example, an employer that employs 40 full-time employees (that is, employees employed 30 or […]
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Rightway Imaging is a health care organization with 400 employees and 20 locations in the metro area. For 30 years they’ve competed with St. Andrews Medical Network, a much larger organization of 30,000 employees. The competition is fierce not only for patients and market share, but also for recruiting and retaining skilled employees. Lately, the […]