Clik here to view.
Health Benefits - Are They Really That Important?
When asked why health benefits are so important, most small business owners say something like this: “Health benefits are important to my business and employees.” This is spot on - health benefits are...
View ArticleClik here to view.
What is a Group Health Plan?
Small businesses who offer formal health benefits generally offer a group health plan. There are different types of group health plans and there are certain requirements all plans must follow. This...
View ArticleClik here to view.
4 Things to Know About UnitedHealth Group’s Exit from Obamacare Marketplaces
UnitedHealth Group, one of the nation’s largest and most established health insurers, recently announced an exit in 2017 from most of the 34 state Marketplaces where they offer individual health...
View ArticleClik here to view.
Could Cancelling Group Health Insurance Be a Kindness to Employees?
Small business owners who offer health insurance - or who are considering offering health benefits - have an important question to consider: which type of benefit will be the best for the company and...
View ArticleClik here to view.
How Health Insurance Reimbursement Works for Trucking Companies - Top 5 FAQs
As an owner of a small or growing trucking company, you want to provide the best health benefits to your employees and their families. And yet for many companies, traditional employer health insurance...
View ArticleClik here to view.
Health Savings Account - HSA 2017 Rules & Requirements
The IRS recently announced the Health Savings Account (HSA) rules and requirements for 2017. This article reviews the HSA contribution limits, HDHP minimum required deductibles, and out-of-pocket...
View ArticleClik here to view.
6 Tips to Manage Rising Health Insurance Costs
Small business owners say the cost of health insurance is one of the largest business challenges, with the Affordable Care Act only increasing the resources needed to offer healthcare to employees....
View ArticleClik here to view.
HRA Legislation Sees Progress in Congress
This week, the Small Business Healthcare Relief Act (SBHRA), (S. 1698 and H.R. 2911) received much-needed attention by political leaders in Washington. During both House and Senate committee hearings,...
View ArticleClik here to view.
The Importance of Employee Education with Small Business Health Benefits
In today’s evolving workforce, companies are moving away from a one-size-fits-all healthcare approach and offering employees various types of health reimbursement accounts to tailor to individual...
View ArticleClik here to view.
A Look at 5 Key Small Business Health Insurance Trends [Infographic]
If you follow small business health insurance trends, it will come as no surprise only 54 percent of small businesses offer health insurance - as compared to 97 percent of larger businesses. And,...
View ArticleClik here to view.
4 Things to Know about HRAs and Health Reform in 2016
Health reform is bringing sweeping changes to the health insurance industry, including how employers can use Health Reimbursement Arrangements (HRAs). Here's four things to know about HRAs and health...
View ArticleClik here to view.
Small Business 101 - How to Reimburse Employees for Medical Expenses
As leadership teams evaluate small business health insurance options, a common question we receive is, “How can we reimburse employees tax-free for medical expenses?” There are four main medical...
View ArticleClik here to view.
Health Reimbursement Arrangement (HRA) - What is it?
Introduction to Health Reimbursement Arrangements A Health Reimbursement Arrangement (HRA), commonly referred to as a Health Reimbursement Account, is an IRS approved, employer-funded, tax-advantaged...
View ArticleClik here to view.
Case Study - ACA Incentivizing a Holistic Approach to Medicine
If you follow trends in the health insurance and healthcare industries, the news is not always positive - premium rates are increasing, healthcare costs are skyrocketing, and businesses are making big...
View ArticleClik here to view.
Employee Benefits Education - What Employees Want
As companies grapple with how to manage increasing healthcare costs, small businesses are moving away from a one-size fits-all health plan and adopting more consumerized employee benefits. For...
View ArticleClik here to view.
Department of Labor Issues Final Overtime FLSA Rules
On May 18, 2016, the U.S. Department of Labor (DOL) announced its Final Rule to increase overtime eligibility for millions of U.S. citizens under the Fair Labor Standards Act (FLSA). This new rule...
View ArticleClik here to view.
71 Percent of Small Business Owners Expect Growth in 2016
In December 2015, Wasp Barcode Technologies, a provider of software solutions, conducted an anonymous online survey to gain a deeper understanding of small business owners’ perceptions of their...
View ArticleClik here to view.
$266 Billion Federal Subsidy Price Tag for Employer-Sponsored Group Health...
According to a report recently released by the Congressional Budget Office (CBO), the U.S. government will provide a health insurance subsidy of approximately $660 billion in 2016, with $266 billion...
View ArticleClik here to view.
Why Businesses Should Never Pay Individual Health Insurance Premiums
Federal regulations prohibit businesses from paying directly for employee's individual health insurance premiums, outside of a Section 105 Medical Reimbursement Plan (e.g. a Health Reimbursement...
View ArticleClik here to view.
Why You Need Compliant Healthcare Reimbursement Software
Many CPAs and employers consider administering a medical reimbursement plan without proper Healthcare Reimbursement Software. CPAs and employers often overlook important compliance obligations that...
View Article