Why Small Business Owners Need Life and Disability Insurance

from our friends at Life Happens When you decided to go into business for yourself, your first thoughts were most likely excited ideas of what could go right: more freedom, happy customers, increased earning potential. However, your later thoughts may have turned to what could go wrong as well. That’s where insurance steps in to help. As a small business … Read More

Re-onboarding current employees could be the key to greater retention

Via: www.benefitnews.com HR leaders have come up with unique ways to improve retention rates within their organizations through enhanced benefits and greater employee recognition, but there is one basic approach that is often overlooked for existing workers: onboarding. Employers with strong onboarding practices improve employee retention by 82% and productivity by over 70%, according to research from Glassdoor. Re-onboarding existing … Read More

The Affordable Care Act Turns 12, And It Could Look Pretty Different By Year 13

Via: www.huffpost.com  Polls consistently find majorities of American approve of the law. Conservatives have run out of major constitutional challenges. Repeal is not on the Republican agenda anymore, and a few weeks ago, when Sen. Ron Johnson (R-Wis.) suggested off-handedly that maybe Republicans should take it up again, he promptly walked back the statement with a news release clarifying that … Read More

It’s never too early to start thinking about Medicare: Here’s what you should know

Via: Deanna Cuadra https://www.benefitnews.com/news/what-retirees-and-workers-need-to-know-about-medicare Those turning 65 this year likely have retirement and savings on their minds. But do those savings already account for healthcare costs? By the age of 65, the average retired couple — whether they’re enrolled in Medicare or not — needs to have $300,000 saved for healthcare expenses alone, according to the Fidelity Retiree Health Care … Read More

Medicare Part D Late Enrollment Penalty

Medicare Part D Late Enrollment Penalty The late enrollment penalty is an amount that’s permanently added to your Medicare Drug Coverage (Part D) premium. You may a late enrollment penalty if you: Do not enroll in a Medicare Part D plan when you first have the opportunity (unless you have creditable coverage through your employer) If at any time after … Read More

How To Avoid A Costly Mistake Moving From Exchange To Medicare

From our friends at CNBC Key Points: If you have coverage through the health marketplace, you need to sign up for Medicare if you’re on the verge of eligibility Failing to enroll when you’re supposed to could result in late-enrollment penalties, as well as repayment of any marketplace subsidies to receive after age 65 If you get your health insurance … Read More

What Or Who Is IRMAA ?

IRMAA stands for Income-Related Monthly Adjustment Amount An IRMAA is a surcharge added to you monthly Medicare Part B and Part D premiums based on your annual income The Social Security Administration (SSA) uses you income tax information from the previous two years to determine if you owe an IRMAA in addition to your monthly premium The surcharge amount you’ll … Read More

Medicare Fall Open Enrollment Q&A

From our friends at the Medicare Rights Center ENROLLMENT PERIODS Question: Are the dates for open enrollment the same for Medicare and Medicare Advantage? Answer: The Fall Open Enrollment Period, also known as the Annual Election Period, runs October 15 through December 7 each year. During this time you can switch from Original Medicare to Medicare Advantage, Medicare Advantage to … Read More

A Message from Vanessa Gaytan of Heartland

Do you change Payroll companies each calendar year? Do you sigh every time you have to run payroll for reasons aside from the obvious (money going out)? Tired of not having local representation or calling into a service center overseas? Enough already! Payroll does not need to be a stressful part of your business; it can be simple and streamlined.  … Read More

No Surprises Act

The Consolidated Appropriations Act of 2021 contains the “No Surprises Act”. The following items of The No Surprises Act apply to individual, small group, and large group fully insured and self-funded plans, including both grandfathered and non-grandfathered plans, and coverage offered through an Exchange generally, for plans beginning on or after 01/01/2022. Balanced Billing – The law will limit balance … Read More