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Monthly Archives: July 2011

Staying in Compliance with Health Care Reform: Non-Discrimination Explained

With the health care reform bill, comes many changes to both businesses as well as consumers, both of whom are now trying to navigate and understand the changes that are either coming or have already taken place. Some of these changes impact businesses, such as with the non-discrimination requirements that previously only applied to self-insured plans, but that now also apply to all fully-insured non-grandfathered plans. What does this mean for employers? [read more...]

July 20th, 2011 • 0 Comments

Health Savings Accounts for Businesses Explained

As the cost of health care premiums continues to rise, many small businesses are looking even more intently for ways to control health costs. As such, health savings accounts, or HSAs, are receiving additional scrutiny. What are HSAs? At its most basic, an HSA is health care coverage that combines a high-deductible health plan with a tax-free savings account designed for medical expenses, with the goal of reducing health insurance costs for both employers as well as employees. [read more...]

July 13th, 2011 • 0 Comments

Implications Of The Health Care And Pension Reform Bill In New Jersey

A historic health care and pension reform bill passed by the New Jersey legislature in late June of this year and signed into law on June 28th is expected to have far-reaching implications at the state level as well as for municipal governments. Though the pension reforms will provide $120 billion in savings to New Jersey taxpayers over the next 30 years, while the health benefits reform will provide $3.1 billion over the next 10 years, there are myriad nuances and details that will have to be adjusted to, as new contracts will have to comply with the new laws. [read more...]

July 7th, 2011 • 0 Comments