It’s been about a year since major provisions of the Affordable Care Act (aka the ACA or Obamacare) came into effect. Now more than ever, businesses and their employees are impacted by the health reforms.
From New York to London, major cities are hosting Fashion Week this month. As designers reveal their newest collections and models strut the runway, the up and coming fashion trends are revealed. Which makes me think: What, if anything, can we learn about office dress code from this spring’s Fashion Week? Here are four quick things small and growing businesses can learn about office dress code from Fashion Week.
The Affordable Care Act is in full effect. And, if you’re like many small business owners or managers, you’ve done your homework. You understand your company’s requirements under Obamacare and you finally feel like you get it. Do your employees feel the same way? Likely not.
Last week, the IRS delayed penalties for non-compliant Health Reimbursement Arrangements (HRAs) and Employer Payment Plans until July 1, 2015. However, according to Rep. Charles Boustany (R-LA), this is not enough help for small businesses. What would really help small businesses, says Boustany, is to revive stand-alone HRAs. As such, Boustany says he is planning on re-introducing legislation to do just that. Here's what you need to know about the current state of HRA legislation.
As an owner or HR manager, you don’t always have the time to track and analyze decisions around recruiting, hiring, interviewing, and retention. However, understanding return on investment is needed for long-term growth. The good news is, you don’t need to love numbers to be able to apply these strategies to your business. In this article, we’ll tackle the importance of tracking HR data and summarize five key data points all small business human resources should track.
Earlier this week, we wrote about the newest Affordable Care Act (ACA) Marketplace data that found 87% are qualifying for premium tax credits and paying, on average, just $105/month for health insurance. A natural next question is, how have premiums changed from 2014 to 2015? Are they going up, going down, or staying flat? A new infographic by the Kaiser Family Foundation and JAMA help visualize the changes in the cost of health insurance from 2014 to 2015, and by state.
Editor's Note: This article has been updated with the most recent information from 2014. This post was originally published 10/7/2013. Being an "Employer of Choice" (EOC) means that candidates are eager to work for your small business, that people look up to your employees, that you receive unsolicited resumes, and that your most talented employees stay with your business throughout their careers. It's a coveted status. It signals your company's brand is top-notch. And, when your company brand is high, it's much less expensive to recruit and retain key employees.
If you asked an average small business owner what they thought about health insurance options for their startup, what do you think they would say? I imagine some of the responses would be simple, like “ugh” or “don’t get me started.” Or, maybe you’d get a long story about negotiations and a ton of time on the phone with the insurance company. The truth is, startup health insurance isn’t always fun to talk about, and it’s one of the major small business challenges. While many owners have a lukewarm reaction to it (at best), others have information or perceptions that are just... wrong.
If you think health insurance coverage for you or your employees is out of reach, these numbers might surprise you. With discounts applied, the average cost for a health plan through HealthCare.gov was only $105/month, with 87% qualifying for a premium tax credit. This is according to a new report by the Health Insurance Marketplace administration. Here are quick highlights from the most recent Marketplace report.
Health Reimbursement Accounts (aka Health Reimbursement Arrangements or HRAs) are a simple tool used by employers to reimburse employees tax-free for medical expenses. And yet, because of their varied uses and new reforms, it is easy to be confused about how Health Reimbursement Accounts work today.
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.