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IRS: Opt-Out Arrangement Rules To Be Finalized ‘At A Later Time’

In July 2016, the IRS released a proposed rule addressing how opt-out arrangements--arrangements whereby an employer offers its employees a cash payment in exchange for declining coverage under an employer-sponsored plan--are to be taken into account for purposes of determining whether the coverage is affordable under certain provisions of the Affordable Care Act. While the [...]

Certain Small Employer HRAs Exempt From ACA Market Reforms

A new law allows certain small employers--those with fewer than 50 full-time equivalent employees who do not offer a group health plan--to offer new "qualified small employer health reimbursement arrangements" to reimburse employees for qualified medical expenses, including individual health insurance premiums, for years after December 31, 2016. The law also includes a notice requirement [...]

Data Breach and Your Business

Cyber Liability Insurance is a coverage that many businesses have overlooked in the hopes of keeping costs down in tough market conditions. With the dramatic increase of highly publicized data breaches faced by major retailers, health insurance companies, and banks, cyber liability coverage is finally gaining the attention it deserves. In today’s market many businesses focus [...]

Insurance Provider Anthem Hit By Massive Data Breach

Another day, another data breach. This time, the nation’s second-largest health insurance company, Anthem Inc.; as many as 80 million customers may be affected. What’s been stolen? Hackers broke into Anthem’s computer system to obtain customer’s (both current and former) personally identifiable information including names, email addresses, birthdays, medical IDs, social security numbers, street addresses, [...]

13 Types of Insurance For The Small Business Owner

If you are a small business owner, insurance is something you will eventually need to address. It can be stressful to think about the additional costs involved in getting your business up and running. However, every business owner should have some basic type of business insurance in order to safeguard your business and your livelihood. [...]

Only 10.5 Months Left! (Did You Read Our Online Magazine Yet?)

It's been a month and a half and you are yet to download our FREE online magazine for 2014? We are going to assume that your reasoning is NOT because: You hate free things. You are already too successful. It would be terrible to have the edge on the competition. You already know everything you [...]

New Healthcare Reform Mandate Delays

As you have likely heard, the Healthcare Reform Act requires that all large employers (50 or more workers) provide insurance to their employees. And not unlike several other addendums, this mandate has been pushed back – again. The administration is basically scaling back completely for medium sized businesses and less so, but still significantly, for [...]

Obamacare: Is It Only 10%?

Obamacare was primarily designed to help those who were uninsured due to economics and those with pre-existing conditions. That universe was estimated to be about 30 million Americans, yet no one sold the ACA based on the fact that it was designed to help only approximately 10% of Americans. The law explains that you cannot have your old [...]

Video: Newtek CEO Barry Sloane Discusses ObamaCare on Fox News Live

Newtek CEO Barry Sloane appeared on Fox News Live, earlier today, to discuss the impact of ObamaCare on small businesses. Mr. Sloane communicated with host Jo Ling Kent, that the conundrum that has become health insurance may best be resolved by taking the market out of the hands of both corporations and government alike, instead [...]

2017-02-28T16:13:53+00:00 November 20th, 2013|Blog, Insurance, News|0 Comments

Individual Mandate Clarifications For Small Business

  The IRS has finally taken one more step to clarify what will constitute the Individual Mandate provision of the Affordable Care Act. The mandate, which requires all Americans to obtain health insurance, had gone mostly undefined until now. As we approach the 30 day mark to the opening of the “online marketplace” also known as exchanges and [...]