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Posts Tagged ‘Employers’

Now Hiring, With Attractive New Perk: Free College Degree

Thursday, January 3rd, 2019

The Wall Street Journal reports:

“Some of America’s largest companies are proposing that a good job can lead to a free college education, reversing the norm that requires workers to get the degree before launching a career.

Walt Disney Co., Discover Financial Services, and Yum Brands Inc.’s Taco Bell are among the high-profile employers sending front-line workers back to school, often paying the cost of tuition, fees, books and other expenses upfront and in full. The companies say the benefits of a content and potentially better-trained staff outweigh the costs.

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Legislation Opens Door for Retirement Match on Student Loan Repayments

Thursday, January 3rd, 2019

NAPA net reports:

“Sen. Ron Wyden (D-OR), Ranking Member of the Senate Finance Committee, has introduced legislation that would permit 401(k), 403(b), and SIMPLE retirement plans to make matching contributions to workers as if their student loan payments were salary reduction contributions.

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Can Health Savings Accounts Be a Bulwark Against Long-Term Care Costs?

Tuesday, August 21st, 2018

Morningstar reports:

“Many retirement accumulators take pains to dot the i’s and cross the t’s of their retirement plans. They noodle over their portfolios’ asset allocations, carefully calibrate when they’ll begin claiming Social Security benefits, and think hard about withdrawal rates.

But many such painstaking retirement planners don’t give another major variable more than the periodic anxious thought: how to pay for long-term care. And is it any wonder so many people are in denial? For one thing, it’s a flip of the coin as to whether you’ll need long-term care: 52% of people turning 65 are expected to have a long-term care need during their lifetimes, and another 48% will not. The prospect of needing long-term care is inherently unpleasant, and that care can also be ruinously expensive, running upward of $100,000 per year in urban areas.
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Lower costs, fewer benefits in new health insurance option

Tuesday, June 19th, 2018

AP News reports:

“The Trump administration’s new health insurance option offers lower premiums for small businesses and self-employed people, but the policies are likely to cover fewer benefits.

Another caveat: if healthy people flock to the new plans as expected, premiums will rise for those who need comprehensive coverage.

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Amazon Takes Aim at Disrupting the Healthcare Industry

Thursday, February 1st, 2018

Consumer Reports reports:

“The e-commerce giant becomes the latest corporation trying to tackle the high cost of employee medical care

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Got health insurance? That doesn’t mean you’ll be able to pay your medical bills.

Wednesday, March 8th, 2017

The Miami Herald reports:

“Hospitals around the country are reporting record levels of debt on their books from an unlikely source: patients with health care coverage.

As health insurers and employers have shifted health care costs to patients through high deductibles and other out-of-pocket expenses, people who in the past may not have worried about paying for a hospital visit or a surgical procedure are getting hit with massive medical bills that they can’t pay.

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How I Was Wrong About ObamaCare

Tuesday, August 2nd, 2016

The Wall Street Journal reports:

“I was wrong. Wrong about an important part of ObamaCare.

When I joined the Obama White House to advise the president on health-care policy as the only physician on the National Economic Council, I was deeply committed to developing the best health-care reform we could to expand coverage, improve quality and bring down costs. We worked for months to pass this landmark legislation, and I still count celebrating the passage of the Affordable Care Act with the president one balmy spring night in 2010 as one of my greatest Washington memories.

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IRS Grants Extension for 6055 and 6056 Reporting

Tuesday, January 26th, 2016

According to United Healthcare, Broker Connection Special Edition:

“On Dec. 28, 2015, the IRS announced that it is granting an automatic extension for the 2015 information returns required of insurers, employers and certain other providers of Minimum Essential Coverage (MEC) under Section 6055 and 6056 of the Internal Revenue Code (IRC).

Coverage providers that need more time now have until March 31 to get Form 1095 to individuals and until June 30 to electronically file with the IRS. For providers not filing electronically, the deadline is May 31, 2016. (more…)

​What you need to know about Obamacare tax forms

Monday, January 11th, 2016

CBS Rports:

Tax filing is getting even more complicated. The Affordable Care Act (ACA) requires employers and health insurance companies to give the IRS information about your income and health insurance coverage. So, the IRS has created three new tax forms, and you’ll need them to prove you have health insurance and, therefore, aren’t required to pay any tax penalties. You’ll also need them to make a claim for tax credits you’re entitled to. (more…)

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