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With COVID-19 turning the world and the healthcare industry on its head, we regualry write about the ways you can navigate the system to keep your business afloat.

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Updates and questions in the world of Employee Benefits

ACA penalty A and B breakdown

ACA Penalty A and B Breakdown

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All large employers, with greater than 50 employees, must comply with the Affordable Care Act. The ACA requires employers to offer minimum essential coverage to all employees. If an employer does not comply with this employee coverage requirement could lead to penalties for the employer and potentially and IRS audit later on. Here is a breakdown of the ACA penalty A and B, and how they could affect your company:
health insurance options for coronavirus job loss

Health Insurance Options for Coronavirus Job Loss

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As COVID-19 continues to impact our daily lives, unemployment has reached a record high, jumping to 14.7% as of April 2020. There are many things to consider when assessing these new statistics and, as an employer or an employee, it’s important to ask yourself this question: How will unemployment affect insurance coverage for workers?
employee tax credit

What is the Employee Tax Credit?

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The Employee Retention Tax Credit was rolled out as part of the CARES (Coronavirus Aid, Relief, and Economic Security) Act. It was enacted to encourage employers to retain employees throughout the Coronavirus pandemic. As our country begins to understand the full scope of COVID-19, this credit could allow employers to keep employees on their payroll and keep their doors open.
remote workers benefits

How to Offer Remote Workers Benefits

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Due to changes caused by the Coronavirus outbreak, many people have made the transition to working from home. This new reality has changed the way most people do business — from holding meetings over Zoom to dealing with distractions at home, this new reality has been an adjustment for just about everyone involved. For employers, this has meant adjusting where they allocate resources and how they operate on a day-to-day basis. As companies continue to keep their employees working remotely, it’s important to understand the effects this change will have on employee insurance benefits.
coronavirus and the rise of telemedicine

Coronavirus and the Rise of Telemedicine

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Coronavirus has flipped our lives upside down in more ways than one. One of the biggest changes is the expectation that nearly everyone stays at home as much as possible. Social distancing measures are currently being enforced in order to slow the spread of the virus, which has caused a major spike in the use of telemedicine resources.
how coronavirus is affected health care costs

How Coronavirus is Affecting Healthcare Costs

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Coronavirus has disrupted quite a few industries over the last few months. One of the industries that it will continue to affect for the foreseeable future is the healthcare system. As it continues to spread, and we continue to see the effects of coronavirus, insurance programs will likely see a rise in health care costs. Here is an overview of how we think coronavirus could affect health care costs: