Author: michael

Top 5 election issues for small businesses

The halls of Congress continue to resound with the clashing of ideological swords, and that cacophony will only become louder as the fall elections draw near. What are the owners of small businesses keeping an eye on during this election season? Paychex, the payroll company that serves myriad small businesses, took the pulse of some […]

Employees shouldn’t fear shift to exchanges — yet

The Morning Consult discusses a poll today on people’s views of the Patient Protection and Affordable Care Act. It looks like people are moderately afraid of “employer dumping” — employers terminating benefits and forcing employees to buy insurance policies on the exchanges. Most of them seem to think that this would have a somewhat or […]

Are we heading toward a single-payer system?

The Finns do it. The Germans do it. Even the Portuguese and Greeks do it. Across most of the developed world, single-payer, universally available health care is the norm. Legislators briefly considered single-payer coverage in the United States during the health care debates, but ultimately settled on the hybrid public/private solution that is the Patient […]

HSAs reach nearly $23 billion

Health savings accounts have grown to an estimated $22.8 billion in assets and roughly 11.8 million accounts as of the end of June, according to the latest figures from Devenir. The investment consulting firm said that’s a year over year increase of 26 percent for HSA assets and 29 percent for accounts. “Accountholders are both […]

90% will qualify for individual mandate exemption

There are now so many exemptions to PPACA’s individual mandate that the CBO says the number who would face fines for lack of coverage has dropped from seven million to four million. That means that almost 90 percent of the nation’s uninsured population would not have to pay a penalty under PPACA in 2016, according […]

Consumers think all subsidies should be legal

Most consumers believe subsidies should be legal on both the state-based and federal exchanges, according to a new poll. The study, out this week from Morning Consult, found that 58 percent of registered voters think all subsidies under the Patient Protection and Affordable Care Act exchanges — whether they’re state or federal run — should […]

Doctor’s notes and the FMLA

Those four-letter federal employment statutes — FMLA and FLSA — can be a real pain in the neck, amirite? Today, let’s focus on a major employer pitfall: intermittent leave under the Family and Medical Leave Act. The FMLA regulations define intermittently leave this way: “FMLA leave may be taken intermittently or on a reduced leave schedule under […]

Many cut costs rather than comply with PPACA

As employers digest the tenets of the Patient Protection and Affordable Care Act, most have not taken drastic measures to avoid triggering certain requirements of PPACA. Small employers have shown a stronger tendency to take actions such as freezing hiring or cutting back on fulltime workers to remain under the 50-employee trigger. But even small […]

Benefit package critical for small businesses

Small businesses are taking a cautious approach to hiring, compensation and employee benefits, according to the 2014 Aflac WorkForces Report for Small Businesses. The study of businesses with three to 99 employees also found that benefits are a key component to employee hiring, retention and satisfaction. Although 63 percent of small-business employees are extremely or very […]

HSA holders don’t understand accounts

Sure, as evidenced by the growing numbers, consumers love their health savings accounts. Problem is, they just don’t really know much about them. A new survey from Alegeus Technologies says most consumers, and even account holders specifically, do not fully understand account-based health plans, including HSAs, flexible savings accounts and health reimbursement accounts. Only 30 percent […]