There’s a tidal wave coming in the direction of your healthcare. More than 10 million Americans will receive government subsidies through the ACA to help defray the rapidly rising costs of healthcare. However, many more may be left helpless in the face of surging premiums. Individuals who earn more than $47,520 per year and the typical family of four earning more than $97,200 per year will not … [Read more...]
New Overtime Rules Challenge Small Businesses
New federal overtime rules will make millions of workers eligible for overtime pay strengthening labor. But small businesses, as well as larger employers, say this will hurt hiring, revenue, and ultimately worker earnings in the long run. Executive Summary: Consumer groups have been pushing the Obama Administration to take a fresh look at overtime rules for years. In 2014, … [Read more...]
How PEOs Benefit Small Business
A primer for busy execs looking to learn more about PEOs. What does PEO mean? Small business PEO Houston is provided by a Professional Employer Organization, is a secret of many successful small businesses. Essentially, PEOs manage all your HR needs, including payroll and administration, employee health and retirement benefits, workers' compensation insurance, and state and federal … [Read more...]
5 Reasons The PEO Industry is Set for Massive Growth
An executive summary of industry trends supercharging growth in the PEO and HR Outsourcing sectors in 2016. Ask anyone in the HR outsourcing business and they will all tell you one thing: the Professional Employer Organization (PEO) industry is primed for substantial growth. Many factors, ranging from the state of the general economic outlook of the nation to the increasing complexity of … [Read more...]
What’s Driving Prescription Drug Prices Up?
The ever-rising cost of healthcare, particularly the hefty price tag associated with prescription drugs, is making a big impact to the bottom line of small business owners. Both companies and employees alike in this country have almost come to accept rising prices as an inevitable feature of a healthcare system that is very difficult to understand. So, what exactly is driving prices up? Is it … [Read more...]
How Small Business Is Coping With Rising Drug Costs
The ever-rising cost of healthcare, particularly the hefty price tag associated with prescription drugs, has become a nationwide platitude. Both companies and employees alike in this country have almost come to accept rising prices as an inevitable feature of a healthcare system too obtuse and too opaque to fully comprehend, let alone master. One key strategy to controlling … [Read more...]
A Bitter Pill: Controlling the High Cost of Prescription Drug Plans
Small Firms Feel the Pinch First The impact of high prescription drug costs is no joke for small business owners. Many feel that the seemingly exorbitant prices for pills charged by drug companies have presented them with something of a devil’s dilemma: either accept spiraling costs, cut benefits to their employees, or cobble together some lose-lose combination of the two. Smaller businesses, … [Read more...]
Determining ‘Affordability’ Under Obamacare
As of 2015, employers are required under the Affordable Care Act (ACA) to offer so-called “affordable” health care insurance options to all full-time employees who work an average of 30 hours per week over a defined period of time. Naturally, two questions immediately crop up for affected small businesses: “What exactly does ‘affordable’ healthcare mean?” And: “How can I ensure that I am meeting … [Read more...]
Top 5 ACA Concerns for Small Businesses in 2016
2016 is coming, which means that many small businesses are scrambling to make sense of the Affordable Care Act (ACA) and prepare to comply with its numerous complicated and complex stipulations. According to a survey completed by PricewaterhouseCooper on how employers are planning to comply with the new ACA requirements, following are some common concerns businesses are raising about … [Read more...]
5 Questions for Your Outsourcing Provider Regarding ACA Compliance
Due to a series of landmark decisions by the Supreme Court in recent years, the Affordable Care Act (ACA) appears at least for now to be here to stay. While companies find the rules and regulations of the ACA complex and confusing, the question of compliance is a consistent and legitimate concern amongst business owners. The concern over compliance is so pervasive that many companies are turning … [Read more...]
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