Tag Archives: Small Business

How COVID-19 Impacts Your Health Insurance Premiums

As mandated by the Affordable Care Act (ACA), premium rates are finalized in the early fall and are based on events from two years before the pricing plan year. So, to know how 2023 rates were set this year, we’ll need to look back at 2021. And if there’s one event we can associate with 2021, it’s COVID-19. In summer

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Will Medical Marijuana Be Covered By Employee Health Plans?

As of 2022, 37 states (and Washington, DC) have legalized marijuana in some form. But the costs associated with medical marijuana are not covered by health insurance plans, even in states that have legalized weed. These facts seem at odds. If medical marijuana is legal in a state, and if a doctor recommends medical marijuana for a patient, why can’t

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employees do yoga at worksite

How Employers Prioritize Workforce Wellness

If COVID-19 has reinforced any maxim, it’s this: personal health and wellness is the cornerstone of longevity and livelihood. While the lines have blurred between work and home, the need for comprehensive healthcare — and affordable plans that cover it — has become remarkably clear. How will you, the employer, take action to prioritize this need for robust employee benefits options?  Personalized

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Employers Conflicted about Re-Opening Business during Rise of COVID-19 Pandemic Case Numbers

While city, county and state governments rush to reopen the economy in an attempt to lessen the financial damage caused by the months of quarantine closures, many business owners remain conflicted and confused about how to move forward in the midst of a continuing crisis that has no end in sight. Despite being given the government’s authorization to do so,

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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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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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