It is closing in on Open Enrollment for employers as many offer their benefits as of January 1 of each year. With new regulations in place because of health care reform as well as ever increasing costs, employees can use all the help they can get. Following are just a few tips to think about when going through Open Enrollment materials. Read More
Last month I wrote about the Stop Gap Measure that the State of Iowa had submitted to the federal government as a one year emergency plan to provide health insurance at a reasonable premium for individuals who do not have access to coverage through an employer. On October 20, the State of Iowa withdrew their request as there was not time to continue the conversation with CMS (Centers for Medicare and Medicaid Services) the department of the government that was overseeing the request. Read More
Tuesday, September 19 the Commissioner of the Iowa Insurance Division received notice from CMS (Centers for Medicare and Medicaid Services) that all requirements surrounding the request for the Stop Gap Measure have been met. The last hurdle is a 30 day period for comments. Read More
The Centers for Medicare & Medicaid Services (CMS) is readying a fraud prevention initiative that removes Social Security numbers from Medicare cards to help combat identity theft, and safeguard taxpayer dollars. Read More
Small businesses make up about 90% the workforce today. Are the employees happy? An AFLAC Happiness Report for 2017 found that 94% of small business employees are happy in their current jobs all, most or some of the time. This is positive news but even more surprising, more than 75% are either extremely or very satisfied working for a small business.
I bet with almost certainty most people can agree their home, contents and car are covered by insurance. It might be a question if the deductible is $500 or $1,000, but it would be easy to find. What about the ability to pay for all the things? Can YOU say your ability to earn an income is covered?
Employer sponsored benefits have been a staple in the US since President Roosevelt first introduced the concept in 1942 with the Stabilization Act. Due to World War II, employers could freeze wages, so this Act helped provide health insurance to employees as incentive to stay with the company. The act gave employers and employees the right to pay premiums out of payroll before taxes.
Are you an employer with more than 20 employees? By Federal regulation, you are required to offer terminating employees and those with other qualifying events continued coverage for particular periods of time.
As the leaves start to turn and we wear warmer clothes to football games, it is time to remind our employees if there is a flexible spending account in place, to look at their balance and make sure they are able to spend it before they lose it.
Visualize this…. You have created your company or your brand. Business is good going forward, such that you have added a second YOU… someone who is being trained or mentored in your business. Is that person, who is now an ‘asset’ to you protected? Read More