Posts made in February, 2013

Employers Continue Searching for Ways to Contain Dental Insurance Costs

Posted by on Feb 27, 2013 in Employee Benefit Program, Health | 0 comments

  Slightly more than half (54%) of Americans received some form of dental insurance coverage in 2002, according to a recent report from the National Association of Dental Plans (NADP).  Cost increases for 2002 and 2003 once again outpaced inflation.  Expect this trend to continue as dental costs are projected to rise another 5% in 2004, according to HR consulting firm Towers Perrin.  In an effort to control costs, employers have continued to shift away from traditional indemnity and HMO dental plans as they search for more affordable ways to offer this desirable employee benefit. The main...

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Important Medicare Changes for 2013

Posted by on Feb 21, 2013 in Broker Development, Employee Benefit Program | 0 comments

  With the advent of the year 2013, the Medicare funding system is affected by two major pieces of legislation: The Patient Protection and the Affordable Care Act, part of which took effect as of January 1; and the Taxpayer Relief Act of 2012, which was passed on January 2nd, 2013. This was the tax deal that Congress struck to avoid the so-called ‘fiscal cliff’ – at least temporarily. The two laws mean a number of changes to Medicare – none of them good from the taxpayers’ perspective The major changes are as follows: The payroll tax holiday expires, as a result...

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How Employers Can Help Their Workers Achieve Comfortable Retirement in a Tough Economy

Posted by on Feb 14, 2013 in Employee Benefit Program, Retirement | 0 comments

  Researchers have been trying to discover how American workers and employers offering retirement plans weathered the economy from 2007 through 2012. Although most people would expect nothing but bad news, there is also a surprising amount of good news to report. Researchers are hopeful that their findings will shed light on situations that can be further improved to help workers adequately prepare themselves for retirement. They also believe this can be achieved without massive legislation or reform measures. While employers have had to cut raises or even staff members during the Great...

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Electronic Medical Records – A Mixed Blessing

Posted by on Feb 7, 2013 in Health, News | 0 comments

  We had great hopes. A series of revolutions in data management and processing in the 1990s and 2000s were combining to make huge reams of data cheaper and easier to store and manipulate than ever. Everything from scanners to bar codes to easy electronic data transmission to specialized software and even Windows seemed to promise to make it much easier to handle patient medical records – and more accurate in the process. The potential for human error, argued advocates of automation, would be greatly reduced or even eliminated, depending on the process. It sounded great back when Bill...

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Is It Better To Pay The PPACA Penalty Or Continue Offering Health Coverage?

Posted by on Feb 5, 2013 in Broker Development, Employee Benefit Program, Health | 0 comments

  When 2014 arrives, employers and their workers must be prepared for the changes the Patient Protection and Affordable Care Act brings. New laws will require employers with a workforce larger than 50 employees to either pay a penalty or offer medical coverage to employees. This is why it is important for employers to start making their plans as quickly as possible. Many employers have reported that this new law will increase their expenses, which will result in the need to reduce workers’ hours or lay off employees. Many employers are favoring the idea of eliminating their health...

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