How Benefits Affect the Bottom Line
Making Sense of Small Business Health Insurance When Marcus Newman, Vice President of GCG Financial, asked, “who has a company mission statement?”, every hand in the room went up. Then when he asked, “who considers their mission statement when deciding… 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→
Is the Affordable Care Act Helping or Hurting Small Businesses?
by Marcus Newman, GCG Financial There are many mixed opinions on the impact of the Affordable Care Act. Is it helping small businesses? Or hurting them? Marcus Newman of GCG Financial aims to provide some clarity on this discussion, citing… 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→
EAPs: Taking Emotion Out of Work
Written by Bernie Dyme – A friend of Marcus Newman and GCG Financial. The other day, I heard about an interesting study by Duke University researchers. It found that doctors often make different recommendations for their patients than they do… Read more→
Three Important Questions about the Impact of Healthcare Reform on Small Businesses
Question: I have heard that because my business employs fewer than 50 full time employees that the new healthcare law does not apply to us. Is that true or false? Answer: The new healthcare law, The Affordable Care Act (ACA),… Read more→