Category: Insurance

Healthcare Reform: New Rules for Birth Control Coverage

If at first you don’t succeed, try, try again… Since its introduction in August 2011, the contraceptive coverage mandate – which requires employer-sponsored health plans to include coverage for birth control medications and devices – has been one of the more controversial provisions of the Obama Administration’s healthcare reform measures. Jean Hemphill of law firm… Read more »

Next Steps? What Employers Need to Know About Healthcare Reform [Video]

From law firm Warner Norcross & Judd, a look at what are currently the most pressing Healthcare Reform issues for employers and HR managers: Women’s preventive health care Summary of Benefits and Coverage (SBC) Reporting insurance coverage costs on W-2s Limits on Flexible Spending Account contributions Retiree prescription drug plans Medical loss ratio rebates Medicare… Read more »

2012 In Review – The Most Popular Small Business Support Posts of the Year

As we look back at the most-read stories of the year, three issues quickly rise to the top: Technology in the workplace, especially employee use of social media (both on and off the clock), Health care reform and how to comply with the new rules, and Day-to-day employment matters, from hiring to firing and just… Read more »

Doctor, Doctor, Gimme the News: Which Healthcare Reform Laws Go into Effect Soon?

“Many employers have failed to invest much time or energy into analyzing how healthcare reform would impact their businesses, first anticipating that the Court would invalidate much or all of ACA, and then hoping for a Mitt Romney victory in November. Now that the uncertainty has been lifted, it’s time to get to work and… Read more »

Health Care Reform Is Here to Stay – Are You Ready?

“For employers and plan sponsors that have been adopting a ‘wait and see’ approach before focusing on compliance with the Patient Protection and Affordable Care Act (PPACA), the time to wait is over. PPACA’s insurance mandates, market reforms, and employer requirements generally will move ahead as scheduled, with most of PPACA becoming fully effective just… Read more »

3 Tips for Filing Hurricane Sandy Insurance Claims for Your Business

“Businesses with operations in the path of the storm may have suffered significant property damage and an interruption of business. Businesses nationwide—and even worldwide—also may have suffered contingent business interruption losses due to the inability to obtain supplies, among other things, from business in the Eastern United States that suffered direct physical property damage.” (Perkins… Read more »

Riding Out the (Franken)Storm: 5 Ways to Prepare Your Business for Disaster Recovery

Sandy has already been called “the storm of a lifetime,” and at time of writing it hasn’t even fully made landfall yet. As people up and down the East Coast prepare for the onslaught, this is perhaps a good time for all of us to consider the types of preparations that can ease recovery for… Read more »

Written Any Severance Checks Lately? You May Be Entitled to a Tax Refund

Employers in Kentucky, Michigan, Ohio, and Tennessee who have withheld FICA tax on severance payments made in connection with layoffs or plant closings might be getting some money back from the IRS. Law firm McDermott Will & Emery: “The U.S. Court of Appeals for the Sixth Circuit recently held that certain dismissal payments were Supplemental… Read more »

Small Businesses Also Need Data Breach Protection – and Insurance When It Fails

Corporate data breaches are becoming more common, but small businesses often don’t think it’s their problem. And that could come back to bite them. From law firm Jaburg Wilk: “There are numerous news reports of data and security breaches where customers’ personal information, including social security numbers, credit cards numbers and health information have been… Read more »

Employers Can Charge Employees For Not Joining Wellness Programs? Sure…

It might not be the healthy incentive you had in mind, exactly, but thanks to a recent federal court of appeals ruling, you might be able to start charging workers a fee when they don’t participate in your company’s wellness program. The lawsuit involved a Broward County (Florida) employee who objected to paying $40 per… Read more »

Medical Loss Ratio Rebate: 3 Things To Know Before Cashing Your Check

One important provision of the healthcare reform law is the “medical loss ratio” (MLR) rebate, which requires insurers to spend a minimum amount of premiums on medical claims, or refund the difference to policyholders. From law firm Schnader: “Under the Patient Protection and Affordable Care Act, health insurance issuers in the group or individual market… Read more »

Wellness Programs: Great Idea for Your Employees, But Watch Out for Pitfalls

Thanks to workplace wellness programs, employees across the country are losing weight, quitting smoking, and improving their overall physical health. But employees aren’t the only ones who benefit from a focus on health in the workplace. Law firm Snell & Wilmer: “The economic case for these programs is strong and supported by some pretty staggering… Read more »

Most Popular Small Business Posts – June 2012

The impact of Obamacare on smaller businesses, cloud computing legal issues, wage and hour lawsuits, and social media law are but a few of the subjects you’re reading about. For your reference, the most-read Small Business Support posts during the month of June, 2012: 1. Bring Your Own (Tech) Device to Work? That Could Be… Read more »

5 Immediate Steps for Businesses Now That Obamacare Upheld

“Although the Act was deemed largely constitutional, issues concerning the implementation and administration of the Act’s various coverage mandates may be litigated in years to come. For example, dozens of Catholic dioceses and schools filed lawsuits in a number of states charging the Act’s contraception coverage requirement violates their rights under the First Amendment to… Read more »

Obamacare Ruled Constitutional: What It Means for You

[Update: for a good understanding of what the decision means sector by sector, start with this analysis by Skadden: Supreme Court Narrowly Upholds Health Reform Law but Limits Congress’ Authority Over States… includes a look at the implications for employers, insurers, hospitals and institutional providers, and drug and device manufacturers.] See below for growing reading… Read more »