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Tag: employer funded health care benefits

The Employer-Sponsored Health Care Facts of Life

High deductible health insurance plans are a fact of life, particularly for the employees of small businesses. But it doesn’t have to hurt morale or loyalty among workers. There are ways small-business owners can help defray some of the costs if high deductible insurance plans are all they can offer. “With the Affordable Care Act there is clearly a movement toward higher deductible plans,” says Barry Sloane, CEO of Newtek, a health insurance agency for small businesses. “Unfortunately higher deductibles are a fact of life whether you live in New York or Nebraska.”

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Contact Steven Cosby with questions or to request more information and to schedule a healthcare plan evaluation, savings analysis or group plan solution for your company.
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Forever 21 Bumps Fraction Of Workforce Below PPACA

The teen-focused clothing maker has cut back all its line workers to 29.5 hours a week in an apparent move to get around the health care benefits trigger of the Patient Protection and Affordable Care Act.

The company didn’t cite the PPACA as the impetus for its decision — quite the opposite. It insisted that the decision was made “independent of the Affordable Care Act.” Rather, it was strictly the result of an internal audit of stores that indicated a new workforce design was needed, it said. As part of its response, Forever 21 also noted that it has promoted and converted 421 part-time store employees to full-time status since March of this year.

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How Employees Can Save Money on Health Care Costs

Use these strategies to save money on medical expenses and make smart decisions during open enrollment.

The Kaiser Family Foundation just announced the results of its 2013 annual health benefits survey, which provides a great snapshot of the trends in costs and coverage for employer-based insurance. You can use the foundation’s findings to save money on medical expenses now and to help you make smart decisions during open enrollment this fall, when you choose coverage for next year.

Click   here  to read full article from Kiplinger’s Kimberly Lankford.

UPS Won’t Insure Spouses Of Many Employees

UPS will follow thousands of other companies this fall in ending health insurance coverage of employees’ spouses if they can get coverage elsewhere.

Partly blaming the health law, United Parcel Service is set to remove thousands of spouses from its medical plan because they are eligible for coverage elsewhere.

Many analysts downplay the Affordable Care Act’s effect on companies such as UPS, noting that the move is part of a long-term trend of shrinking corporate medical benefits. But the shipping giant repeatedly cites the act to explain the decision, adding fuel to the debate over whether it erodes traditional employer coverage.

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