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Archive for the ‘Insurance’ Category

IRS Announces 2015 Contribution Limits

Tuesday, November 4th, 2014

Health Flexible Spending Accounts The maximum employee salary reduction contribution  will be increased to $2,550 from the 2014 level of $2,500. The increase applies to both full-purpose and limited-purpose health flexible spending accounts. Dependent Care  Spending Accounts Remains unchanged as follows:  $5,000 if the employee is married and filing a joint return or if the […]

Healthcare Reform Update

Tuesday, January 21st, 2014

When you put lipstick on a Pig it still is a Pig True Yes you can keep your current Health Plan False. Many plans have already been cancelled and more will be cancelled at renewal  Statistic on Success Almost 80% of consumers selecting an Exchange Plan qualified for some form of Federal subsidy. 70% of […]

New Health Regulations in 2014

Friday, June 21st, 2013

If you have heard the expression ‘ a week is a long time in Politics’, then you can be sure that the very unclear program which is now scheduled for Health Reform in 2014 will be modified and changed many times before it becomes a reality. Many States have strong objections to the provisions of […]

The Benefits and Pitfalls of Outsourcing Human Resources, Insurance and Payroll

Tuesday, August 21st, 2012

  With the RIGHT Partner, you get Large Company HR, Insurance and Payroll Power at a fraction of the normal cost. So what does the Right partner mean?  Not a Call Center. Beware of Call Centers!!!! This is a common model among PEO’s and some of the large Outsourcing Companies who are great at selling […]

New ‘No-Cost Sharing Guidelines’ will provide Women with access to ‘Preventative Care’

Thursday, August 2nd, 2012

The guidelines adopted by the Department of Health and Human Services (HHS) for Women’s Preventative Care Services became effective on August 1, 2012. The new Women’s Preventative Services guidelines are part of the Health Care Reform and were put into place to ensure that every woman has access to the necessary preventative care health services […]

Holiday Parties

Tuesday, December 13th, 2011

It is that time of year and Holiday Parties are in full swing. If you are organizing a Holiday Party, just remember that alcohol can be a deadly enemy. Drinking and driving, misbehavior and alcohol overindulgence are problems which very often need to be dealt with after the Holiday Party is over. There can be […]

Workers Compensation….. Monopolistic States

Monday, November 21st, 2011

Monopolistic States require that Workers Compensation Coverage is provided exclusively by the State’s Designated Workers Compensation program. Insurance through private insurance companies is not allowed. There is no open market within the monopolistic States; Ohio, Washington, North Dakota, Wyoming. Contact your HRO Insurance Specialist for further information or email HRO under our ‘contact us ’ […]

Health Savings Account (HSA) Changes for 2012

Friday, November 18th, 2011

Annual contribution limitation For calendar year 2012, the annual limitation on deductions for an individual with self-only coverage under a high deductible health plan is $3,100. For calendar year 2012, the annual limitation on deductions for an individual with family coverage under a high deductible health plan is $6,250. High deductible health plan For calendar […]

Insurance Contracts

Wednesday, October 19th, 2011

A Contract of Insurance is a contract of Utmost Good Faith (Latin ‘Uberrimae Fidei’). What this means is that the Insured has an obligation to disclose facts material to the risk being insured. If you fail to disclose material facts, the Insurer may decide to cancel the Contract because of such failure. ‘Consensus ad Idem’ […]

What Happens to FSA Contributions When You Leave Employment?

Thursday, August 25th, 2011

If you choose to participate in FSA under COBRA, you may continue to contribute to the FSA Plan and you will be able to exhaust all available funds up to your annual election for Medical Reimbursement and up to your ‘dollar contribution to-date’ for Dependant Care; as long as you remain on COBRA. Please note […]