Small businesses are changing the way they offer employee health benefits. Owners and employees are saving up to 60 percent by giving money to employees to buy their own personal plans directly from insurance companies. Continue reading
Fueled by an influx of expensive prescription drugs, group health insurance premiums are expected to increase an average of 5% to 8% in 2016. Continue reading
Millions of Americans could lose their insurance if the U.S. Supreme Court rules against President Barack Obama on his healthcare law. And with the decision due in the next two weeks, the government has no backup plan. Continue reading
There is no denying how important protecting your business is to your life and your livelihood. One of the necessary precautions to protect your business’ auto liability is having a solid commercial auto insurance policy that protects you, your company vehicles, and any of your employees that drive those vehicles. Continue reading
Cost savings, better access to care, immediate triaging of injuries and faster claims closings are just some of the benefits of telemedicine, according to workers’ compensation experts, who also say its use is growing.
Telemedicine could potentially deliver more than $6 billion a year in health care savings to U.S. companies, but only if the technology is widely-adopted, according to a 2014 report by Towers Watson. Continue reading
As a small business owner, there are dozens of ways to measure success. Success is launching new ideas, profits earned, and contributions to the community and industry. But perhaps the most central among these is the impact small business owners have on the lives of employees. Continue reading
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 Arrangement or Healthcare Reimbursement Plan), or other IRS/HIPAA/ERISA-qualified tax-free vehicle (e.g. Section 125). Continue reading
Modified Adjusted Gross Income, or MAGI, is a measure used by the IRS to determine eligibility for certain deductions, credits (including premium tax credits), or retirement plans.
Although the term MAGI is frequently used, few small business owners understand what it is, how it’s used, or how to calculate it. In this article, we’ll provide four surprisingly simple tips for understanding MAGI. Continue reading
