.png?width=309&height=100&name=unnamed%20(5).png "unnamed (5)")
Many individuals are having to pay back Subsidies received through Covered California because they underestimated their household income! Here is more info about subsidies when you are already covered through your employer so you can better prepare:
JENNIFER ASHLOCK
Recent Posts
The Associated Press reports that complying with the ACA’s reporting requirements “is costing small businesses thousands of dollars that they didn’t have to spend before the new regulations went into effect” (3/19, Rosenberg). The AP notes the health law requires small business owners to track workers’ houses, absences, and how much they spend on health insurance. On average, “complying with the law costs small businesses more than $15,000 a year, according to a survey released a year ago by the National Small Business Association.” Many small business also lack the human resources departments or computer systems that large companies have, “making it harder to handle the paperwork.”
Many individuals have been asking lately if group or individual insurance is better. Typically group is better because of the enhanced doctor networks and reduced cost. Group insurance is tax deductible/tax free, while all individual plans are paid with post tax dollars. If you go with the individual insurance plan option watch our included video on how you can save money on your health care costs.
Not every company has a qualified HR department or person that can answer your employee’s questions accurately and quickly. Sure you can hire a lawyer, but do you have the time and money? If the answer is no, then take a look at EVCO HR.