Author Archives: tomas

Woman On Laptop Tries To Understand Her Explanation of Benefits (EOB)

How To Make Sense Of Your Explanation of Benefits (EOB)

Say you visit your doctor for an annual check-up, or you head to urgent care for a neck strain. Every time you visit your doctor, hospital, urgent care, or other healthcare provider, you’ll receive an “Explanation of Benefits” in the mail. But don’t grab your check or credit card yet — this Explanation of Benefits (EOB) is not a bill.

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Stressed Businessman Worries That He's A Victim Of Healthcare Fraud

How Healthcare Fraud Costs Us All

It takes a village to maintain your health insurance coverage. That village includes the health insurance company in charge of your plan, the network of doctors and hospitals that manage your care, the employer who might offer you group coverage, and the state and federal governments that provide mandatory benefits and possible tax credits to you and your employer. And

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Happy Young Woman Talks To Agent On Phone About Section 125 Plans

A Section 125 Plan Offers Tax Benefits For Your Small Business

Let’s say we could offer you a way to reduce your small business’ payroll taxes. Now, let’s say we could offer you a way for employees to reduce their taxable incomes. If we could provide both of these benefits in one package, would you take our offer? Of course you would! So, Small Business Owner, let us introduce you to

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Small Business Employees Take Advantage of Company Wellness Programs

What’s The ROI On Employee Wellness Programs?

In a survey by the Society for Human Resource Management, about three-fourths of HR professionals reported that their organizations offered wellness incentives in 2014. Of this number, about two-thirds reported that their wellness program was “somewhat effective” or “very effective” in reducing healthcare costs. So, wellness programs reduce business costs. But how do you, a small business owner, determine how

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Happy Employee Smiling On Sofa

How To Curb The High Costs of Employee Turnover

More than half of the U.S. working population is employed by a small business. However, employee turnover keeps many of these businesses from lasting for the long run. How can your firm reduce employee turnover? First, understand the direct and indirect costs of losing an employee. Exact expenses vary by industry and job position, but here are estimates from the Center

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Single Man Hikes Mountains In California

How Would A Single-Payer System Affect You?

On June 5, 2017, California state senators passed SB 562, a healthcare bill that would offer free healthcare services to all California residents. If it sounds too good to be true, it is. Because providing free medical care for 40-plus million people comes with a huge price tag. In this post, we’ll break down SB 562, including what it means and how

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Small Business Owners: Consider The Partial Self-Funded Model For Your Business!

When a small business owner considers group coverage for employees, their search starts with the Big Question: How do I pay for my employees’ health insurance? The Big Answer is a bit complicated, but we’ll cover the bases in this post. To pay for employees’ health insurance, you can structure group coverage in one of two ways: through a (1)

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One Hundred Dollar Bills Represent Health Insurance Costs For Small Business Owners

Small Business Owners — You Can Get Help Paying For Health Insurance Costs!

Are you a small-business owner with fewer than 25 full-time employees? You could be eligible for a small business tax credit! This federal subsidy is targeted to businesses with low to moderate-income employees, and it offsets the cost of paying for employees’ health insurance premiums. To qualify for the small business tax credit, your firm must meet the following requirements:

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Man researches whether his small business will have to pay the employer shared responsibility provision?

Employer Shared Responsibility Provision – Does It Apply To Your Business?

On January 1, 2015, the Employer Shared Responsibility provision went into effect. As of 2017, the provision — and possible penalty for non-compliance — applies to “large” small businesses in California. In this post, we’ll discuss who falls under the shared responsibility provision (SRP) and how the penalty is calculated. Who Is Subject To The Shared Responsibility Provision? The Affordable Care Act’s employer SRP

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Will You Lose Your Health Insurance Under Trump?

After the 2016 election, pundits on all sides swore, “We’re out of the prediction business.” The same declaration should be made for anyone involved in healthcare policy — because while commentary abounds on the future of health insurance under President Trump, nothing has been confirmed. In March, Republicans put together a bill to “repeal and replace” Obamacare. However, until actual legislation gets

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