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.
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.
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.
The 2015 tax return season is here. Most taxpayers will file their 2014 tax returns and pay any tax due by April 15, 2015. The biggest change for this year’s tax returns is that you will report your health insurance on your federal return, and claim or reconcile any premium tax credit. Here’s a rundown of what’s new for your 2014 tax year returns.
You want to offer health benefits. You’ve looked into standard group health insurance plans and were either in sticker shock, or simply did not qualify. You understand the benefits of health coverage for you and your employees, but like half of all small businesses, you’ve decided group health insurance isn’t the answer. So, what is the answer? How can you offer benefits that aren’t group health insurance?
Health insurance is becoming a consumer product. Wait - health insurance, you might be thinking? Most of us don’t actually shop for health insurance - we have a plan offered through work, and at most we make a selection from a few limited choices. However, as more and more people and companies switch to individual health insurance, it is quickly becoming the new consumer product. And I’d argue that’s a good thing.
Happy, loyal employees help boost your organization’s productivity and morale. And yet, one of the worst mistakes you can make is to assume that employees are happy. Instead, create an environment where employees provide regular feedback. One way to measure employee satisfaction and loyalty is through internal surveys. To help you understand some of the employee satisfaction and loyalty measurement tools out there, I’ll discuss a few of the options popular with small and growing organizations.
I hear from small businesses every day who are confused about the Affordable Care Act. To help you decipher how the health reform law impacts your small business, I’ve outlined six Affordable Care Act pros and cons.
As a small business, you don’t have a lot of time to spend on Human Resources. At the same time, you need to ensure that employees are taken care of and that you are compliant with various HR rules and regulations. Where to start? Here are eight basic questions to assess if your business is HR compliant.
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.