Health Savings Account (HSA) Contribution Rules
By GCG Financial. This whitepaper contains a breakdown of Health Savings Accounts and what they mean for employers and their employees. Consider this to be an all-in-one compliance overview of the pros and cons that come with Health Savings Accounts.
GCG Financial Testimonial by Deanna Salo
I’ve had the great opportunity to be a fellow strategic partner and client of Marcus Newman of GCG Financial. We’ve only known each other for a few years, however it feels like a life-long friendship because of the energy and… Read more→
What is a “Grandmothered” Healthcare Plan?
Right before January 1, 2014, when the Affordable Care Act (ACA) was to go into effect for SMALL BUSINESSES, President Obama’s administration announced a transitional relief program that would let states and insurance companies allow these small group policies to… Read more→
ACA Requirements for ALL Small Businesses
The answer is a very simple NOT RIGHT. The Affordable Care Act (ACA) has requirements for ALL business sizes. Some of the requirements you have heard about – but some you probably haven’t. After six years of this healthcare law,… Read more→
Size Matters: Health Insurance and the Size of Your Small Business
Let’s go in order: 20, 20, 50 ATNE, 150 20 Employees: Twenty is an important number in many ways. The most well-known is the difference between State Continuation and COBRA Continuation. Under 20 employees continuation is governed by state law… Read more→
Was Your Health Insurance Renewal Successful This Year?
Provided By: Marcus Newman, RHU, CBC Vice President, Small Business Benefits Consulting What is a successful renewal? You felt in control of the timeline and never felt rushed to make a decision. Any changes – or the decision to stay… Read more→
Five Common Mistakes with Small Business Health Insurance
Not Understanding Eligibility Requirements Having a group health insurance plan for your business does NOT automatically mean every employee is eligible. The state you are in, the insurance company you are with, and sometimes your own policy, can all dictate… Read more→
Affordable Care Act Violations and Penalties
The Affordable Care Act (ACA) includes numerous reforms for group health plans and creates new compliance obligations for employers and health plan sponsors. The ACA, for example, requires health plans to eliminate pre-existing condition exclusions and provide coverage for preventive… Read more→
The Clock Is Ticking! It’s Time to Prepare for PPACA Reporting Requirements!
The Affordable Care Act (ACA) created new reporting requirements under Internal Revenue Code (Code) Sections 6055 and 6056. Under these new reporting rules, certain employers must provide information to the IRS about the health plan coverage they offer (or do… Read more→
Draft Instructions for Employer Reporting of Health Coverage Released
On Aug. 28, 2014, the IRS released draft instructions for 6055 & 6056 reporting. Draft versions of forms for 6055 & 6056 reporting were released in July 2014. These instructions are draft versions only, and should not be relied upon… Read more→