Group Benefits are both the most important and the most valued benefit provided by employers. American workers regularly cite healthcare as one of the main factors affecting their employment decisions – good or bad. A good group plan provides your people with peace of mind and helps them be happier and more confident in life and work. In the end, … Read More
Why medium-sized groups should steer clear of the Obamacare marketplace
While the Affordable Care Act has helped over 20 million people get health insurance, it’s not always the best choice. Although it’s been a tremendous asset to millions of self-employed, part-time employees, and others who weren’t covered before, it’s not always right for employers. If you’re a medium-sized (or larger) employer or administering a medium-sized or bigger group, Obamacare isn’t … Read More
2015 Draft Instructions for 6055 and 6056 Reporting Include Filing Extensions
The Affordable Care Act (ACA) created new reporting requirements under Internal Revenue Code (Code) Sections 6055 and 6056. Under these new reporting rules, certain employers must provide information to the IRS about the health plan coverage they offer (or do not offer) or provide to their employees. Reporting is first required in 2016, related to coverage offered or provided in … Read More
Wallingford Group Benefits: Small Business Healthcare Exchange Delayed
Wallingford Group Benefits: Small Business Healthcare Exchange Delayed Small business owners will have to wait at least until 2015 before they can offer a choice of health care plans to their employees. In the latest news on the implementation of the Affordable Care Act, the administration announced they would be unable to meet the deadlines outline in the ACA. The … Read More
Wallingford Group Benefits Insurance: How to Reduce Employee Turnover
Wallingford Group Benefits Insurance: How to Reduce Employee Turnover Increasing employee retention benefits businesses in several areas. It saves recruiting costs and time and can boost company morale across the board. Here are some tips to reduce employee turnover. The Hiring Process: Look at all aspects of the candidate. Don’t assume the candidate with the Ivy League degree and computer … Read More
Wallingford Health Insurance: Business Owners Weighing Both Sides
Wallingford Health Insurance: Business Owners Weighing Both Sides There is a lot of uncertainty about how the healthcare reforms will affect business owners as the changes begin to roll out, especially in terms of cost. Now required to provide health insurance for all employees, business owners are debating forgoing the health insurance and paying the fee. Under the Affordable Care … Read More