The Dec Page
No one will escape the reach of the Affordable Care Act. Every business regardless of size will see some impact. It may be small or quite large depending on your company's unique circumstances. What is your plan? Do you have one? Regardless of your answer, Tuesday, October 15th will give you one last opportunity to make sure you are putting your business in the best possible shape to handle the impact of the Affordable Care Act.
After many years of waiting to see what community rating will do to small employer groups, we are finally seeing real numbers. Unless your current insurance premiums are already high due to poor claims experience, the community rated rates are not pretty. So far, 15% is typical plus another 5% added in for the fees that will be applied to all group plans in 2014. This appears to be the starting point.
OSHA has released proposed silica standards that could present significant challenges to many contractors working with and managing their silica exposure. What is silica? Well, it's sand. Of course, sand by itself is not really dangerous (unless it happens to be a pool of quicksand that you are standing in without a rope). However, sand that is being ground or smashed into dust particles can be inhaled.
If you’ve made it out of the house today chances are you don’t have paraskevidekatriaphobia, or fear of Friday the 13th. According to the Stress Management Center and Phobia Institute, 21 million people in the U.S. suffer from this phobia. Symptoms range from mild anxiety and a nagging sense of doom to serious panic attacks. It’s estimated that $800 or $900 million in business is lost on this superstitious day because many people will not fly or do business deals.
A new FAQ released on September 11th indicates that there is no penalty for non-compliance with the exchange notice requirement on October 1st, 2013. Yet, the requirement still stands.
Less than 30 days are left to comply with the ACA's exchange notice requirement. Go here to get the details on this requirement that applies to ALL EMPLOYERS regardless of size or whether they have a benefit plan or not.
OK, so that was not the title to this WSJ piece. It was actually called "Subsidies for Older Buyers Give Insurers a Headache." It reports what some older Americans and others with health conditions are quickly finding out, the ACA is going to give them a sweetheart deal: