From Flexible Spending Accounts to transportation costs, the IRS sets annual limits and guidelines. This article provides a quick reference chart for 2015 IRS plan limits for various types of health and employee benefits.
The Affordable Care Act (ACA) has brought about a lot of changes over the past few years in regards to health insurance. And since the Individual Health Insurance Marketplace went live in late 2013, many individuals are starting to get the hang of how it works. In fact, 9.5 million individuals signed up for it in 2015. But in California, things are starting to get complicated for individuals purchasing individual health insurance.
Many individuals are noticing minimum wages are going up in various states - but are they really increasing? A study by Pew Research Center shows wages actually are not increasing. Why? Inflation. Which begs the question, how will individuals pay for health insurance if wages aren’t actually increasing? This article briefs the trends over the last 50 years in wages, and how individuals can afford health insurance, even with stagnant wages.
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, hiring and interviewing employees is an exciting time. But it can also feel frustrating - the candidates aren’t as good as you’d hoped, you feel unorganized, and it feels like a time-suck. If this describes your interview process, then it’s time for a tune-up. Here are a few small business recruiting ideas to conduct better interviews in less times.
We get it. You’ve got this amazing idea for a new product or service and you’re bound and determined to tell the world. We love the enthusiasm, but you’re going to need to consider something: as an entrepreneur, are you successful at what you do? Have you tried and failed in the past? If so, we’ve got the number one reason why you’re not succeeding as an entrepreneur, and how to fix it. This may be the best advice you’ll ever get. It’s simple. It’s mind-blowing. It will save your entrepreneur life.
In the midst of deadlines being pushed back for the employer shared responsibility (or employer mandate), many business owners are confused whether or not they will pay a fee for not offering health insurance in 2015.
It’s no secret offering benefits will make a dent in your small business’s profits - however, the pros of offering small business health benefits far outweigh the cons. You’ve got to choose: offer benefits, or risk losing your most valuable employees. Which makes me wonder, what are basic benefits you should be offering your small business’s employees? Here are three of the most basic and crucial benefits you should be offering - or seriously considering. Why Do I Need Basic Benefits for my Small Business? So, what are the pros and cons of offering basic benefits to your small business? Let’s take a look: Pros Better recruiting and retention Improves employee morale Contributes to productivity Tax advantages Ability to expand your business Cons Cost Rising health insurance costs (if you offer group health insurance) Though the pros and cons list could each be longer, the pros easily outweigh the cons. Knowing this, let’s talk about what type of basic benefits you can offer your small business employees.
Here at Zane Benefits, we continually strive to provide you with quality, useful content to help you along in your journey of running a successful small business. This year, we are excited to announce our “Small Business Employee Benefits and HR Blog” has been selected as a winner of Broadview Network’s Business Blog to Watch in 2015.
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?
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.