Affordability is based on the “self-only” (or, employee only) premium for the lowest cost option offered by the employer that meets the minimum value (MV) requirement. This applies even with employees who “buy-up” to a richer plan design alternative or enroll their dependents. If the lowest cost self-only health plan is 9.5% or less of your full-time employee’s household income, then the coverage is considered affordable. However, because you are unlikely to know your employee’s household income, you can determine whether you are offered affordable coverage under the various safe harbors for employer shared responsibility provisions. Continue reading
Companies rarely advocate for the destruction of their products, but given that some of Amazon’s hoverboards are spontaneously combusting (and destroying themselves), all bets are off. Now, after already pulling the product from both United States and United Kingdom sites earlier this week, Amazon is telling customers to throw away unsafe hoverboards. Continue reading
Nightclub and restaurant operator SBE Entertainment said Monday it will place a branch of its Hyde Lounge nightclub inside the $350 million Las Vegas Arena, which opens in April. Continue reading
Everyone at Capstone Brokerage would like to wish you and yours a very Happy Holiday. Be safe in your travels, stay warm in your homes, and enjoy family and friends. Continue reading
The terror attack at a social services facility in California has become a sobering reminder to companies of how vulnerable workplaces can be when employees are confronted with active shooters. Continue reading
The Affordable Care Act, otherwise known as Obamacare, has been put into motion and changed several times since its passing in 2010. As a result, business owners and employees alike are left wondering what the best options are for health insurance. Continue reading
So your teenager needs a car. Or maybe you need the teenager to have a car so you can get out of the chauffeuring business.
But not a new car, right? No child needs that. Still, it has to be safe, with all of the latest safety equipment so if the driver does get careless, possibly as a result of texting, the car electronics will step in to help avoid a crash. Continue reading
First, let’s be clear – this is only a SMALL sampling of simple questions agents and underwriters fail to ask! There are dozens of simple, common sense questions that are often skipped – why remains a mystery.
Second, this article does not provide every answer or option available for each of these questions. This is not intended as a text book, the point of this short article is to raise your awareness of the need to ask questions, even or especially those that may seem basic. Because if you don’t ask, the lawyers will (and juries will be very interested in the simplicity of the questions). Continue reading
