Stand-alone Health Reimbursement Accounts (HRAs) allow employers to reimburse employee’s medical expenses tax-free. A stand-alone HRA is a type of Medical Reimbursement Plan. To understand how stand-alone HRAs work, it’s helpful to understand what an HRA is and how it can be used.
If you’re currently on Medicare or reaching the age where you are considering Medicare, it’s important to understand the basics. Furthermore, you should consider how premiums are calculated in order to have an idea of what kind of premium you’ll be looking at. Here is a quick guide showing you what Medicare is, how Medicare premiums are calculated, and average rates to expect. What is Medicare? Medicare is the federal health insurance program for people who are 65 or older, certain younger people with disabilities, and people with End-Stage Renal Disease (permanent kidney failure requiring dialysis or a transplant). Medicare coverage is broken down into different parts. These different parts include Medicare Part A (Hospital Insurance), Medicare Part B (Medical Insurance), Medicare Part C (Medicare Advantage Plans), and Medicare Part D (prescription drug coverage). Each part of Medicare covers a specific service that range from inpatient hospitals stays to prescription drug coverage, and Medicare Medical Savings Account Plans to care in a skilled nursing facility. Knowing this, how are Medicare Premiums calculated?
I want you to take a guess - what is the first thing an employer thinks of to increase company morale? Generally, it’s a raise. Why? Many employers feel money is the driving factor of their employees - but they’re wrong. In fact, 85% of Americans are happy regardless of their income. So, is there a way to improve your employee retention and company morale outside of the realm of a raise? Sure there is. I’ve put together six steps to help you and your small business become a shining example of ideal morale.
Under the Affordable Care Act (ACA), Americans are mandated to have health insurance coverage. As a result, the uninsured rate is the lowest it’s been in decades - 12.9% according to a January 2015 Gallup poll. So this means that Americans are better covered and well-protected against large health insurance claims, right? Recent statistics say no - that health plans with high deductibles and out-of-pocket expenses are becoming a significant financial hardship. Let’s look at three trends, and what this says about how healthcare is changing.
Workplace conflict - we’ve all seen it or been a part of it. In fact, 85% of employees at all levels experience conflict to some degree. But, there must be some sort of way to handle workplace conflict, isn’t there? And as a small business owner, it’s important to understand every angle of conflict for a more thorough resolution. Why? Happy employees will lead to better retention. Knowing this, here are the do’s and don’ts of handling workplace conflict - along with general rules and scenarios to help you see the way these rules work.
The following is an excerpt from our free resource, The 20 Greatest Recruiting and Retention Tips. If you'd like to download the full resource, click here. As a small business owner, who you hire is key to the success of your business. This is true for family-run businesses, start-ups, non-profits, and small businesses... as well as Fortune 500 companies. But knowing how to recruit can be tough. Small businesses with limited time and resources need to be smart about recruiting new talent and make each new hire count. So here’s a simple but effective recruiting tip - prepare to hire before you take the plunge.
Over the last few years, the Affordable Care Act has had quite the impact on the way you offer health benefits to your small business. Options such as premium tax credits and SHOP have made it possible for you to provide affordable healthcare to their employees, yet did you know that some small businesses are actually shrinking? Which begs the question, will small businesses limit their hiring because employer benefits are too expensive? According to a survey conducted by Grand Valley State University (GVSU), the answer is yes.
With as much energy and passion as you have for your veterinary clinic, it’s no wonder so many people love bringing their furry friends to you for care. But, you’re only one person and can’t do it all - you need a staff equally as committed and enthusiastic as yourself. The question is, how do you recruit them? Here are the top recruiting strategies for your veterinary clinic
Managers: the key to a well-run, successful small business. Since managers are such an integral part of small businesses, they must be flocking to you, right? Unfortunately, this isn’t the case. Instead, you’ve got to be the one to find them. But, finding great managers really doesn’t have to be hard - you simply need to know what to look for. Here’s a quick how-to guide on developing your great manager radar.
Disclaimer: The information provided on this website is general in nature and does not apply to any specific U.S. state except where noted. Health insurance regulations differ in each state. See a licensed agent for detailed information on your state. Zane Benefits, Inc. does not sell health insurance.