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Posts from: July 2016

ARE YOU READY FOR THE NEW DOL AUDIT!

Author: Jan Fernandez    Posted: July 28, 2016

The Department of Labor is out in force and you can’t stop the rampage. After all, they have to subsidize the exchange tax credits somehow, right?! The penalties associated with being out of compliance with the ACA can cause a company to go out of business. The penalty for non-compliance is generally $110 per day, per individual, per violation. But don’t worry, there is a cap – $500,000. According to a Seattle Business Magazine article, […]

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Terminating employees in a small company can be tough

Author: Venus Dean-Bullinger    Posted: July 18, 2016

I’ve been talking to many of my friends and colleagues that are small business owners.  Many of them are the Owner, CFO, CEO and HR all rolled into one. That can be a difficult position for one person to be in; especially in a small company.  Many small business owners have a difficult time when it comes to terminating employees.  So I did some research and found some helpful steps that may make it a […]

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From The Blog - Association Health Plans: What’s going on?! UPDATE!

UPDATE: Association Health Plans Continue!! For now… The court ruled in favor of associations on every count. There is a small opportunity for the federal government to overrule the court, but we are very unlikely to see that. Here’s the insurance commissioner’s statement regarding the ruling: http://insurance.wa.gov/about-oic/newsroom/main-statements/statements/2015/07-02-2015.htm — For longer than I’ve been in the employee benefits consulting space (make that about 15 years), Washington State has had a great deal of health plan options […]

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