W2 vs 1099 Worker – ACA Regulations make it Important to Get It Right
July 16th we blogged IRC 60566/6056 “will prove to be the most cumbersome and costly part of Obamacare.” We wrote: “Employers with part-time, seasonal and variable hour workers (someone working for a company with different job functions/classifications, thus hours under two different pay codes) will particularly have difficulties and will need a managed solution. This makes […]
What Makes a Great EAP?
Most employers now believe Employee Assistance Programs (EAP) are important elements in their total compensation and benefits offerings. They know the equation: by helping employees identify and solve personal concerns, EAPs create the opportunity for employees to focus and perform at their highest levels. The return for employers is proven time and again by staff […]
Shocking News: The Government Did Not Plan Well!
Employee Benefit Advisors believes the following is important information. It supports EBA’s belief that Healthcare is best served by the private sector. Imagine the total number of policies and comprehensive coverage if either a) the government had given one billion dollars away for insurance premiums, or b) allocated one billion dollars in claims for the uninsured. As for Medicare, we are headed […]
7 Advantages of Partially Self-Funded Health Plans
Obamacare allows no rate consideration for health conditions on fully-insured small group plans. Rates are the same whether a group is very healthy or very sick. Healthier groups must subsidize the cost for sicker groups. Since groups are not underwritten, the business owner usually has no way of knowing if the cost includes a subsidy […]