robbhess's profile picture. President, ROBERT HESS and COMPANY, Insurance Brokers

Rob Hess

@robbhess

President, ROBERT HESS and COMPANY, Insurance Brokers

NEW ACA guidlines allow $6,350/person cap to apply SEPARATELY to each catagory: medical, Essential Min.Benefits (such as Rx) 2014 and beyond


Unions and Big Business are being exempted from the $63/head ACA loss fund charge per EE, Spouse and EACH Child on ALL OTHER Group Ins plans


NEW for 2013: IRS will allow FSA acct holders a choice to: ROLLOVER $500 annually, [or] "used it" in the 2.5 month grace period in 2014.


Budget for an ADDITIONAL 9.7% premium increase for ACA fees/taxes in 2014 medical renewals, added to 'regular' med inflation and claims.


A growing number of employers are surcharging spouses of employees who are eligible for coverage at their own workplace.


> New "global" OSHA Haz Com Std labeling requirements and employee training due Dec 1st, 2013.


NEW creditcard PCI Security Standards come in Nov and you must comply or pay fines if breeched. Contact Hess&Co if you need Cyber Liab Insur


DOL won't penalize employers covered by Fair Labor Standards Act who fail to notify employees of Exchanges under ACA by Oct 1, 2013 deadline


The non-partisan CBO values 12 month Employer Mandate delay at $12 billion increasing the 10yr taxpayer cost of Obamacare to $1.375 trillion


Independent Contractor (or Employee)??? - IRS rule of thumb: "if payer has the right to control ONLY THE RESULT of work"-otherwise EMPLOYEE.


1st Obama delays individual medical mandate to 2015; now Gov. Patrick (D,MA) cancels Mass. individual mandate. Probably more changes to come


Obama delays ACA employer penalties until 2015 to avoid negative Nov. election issues. Temporary good news for 50+ employers.


When cars collide: stay calm, find safe place, DON'T APOLOGIZE or discuss fault, call police, get other driver info, call insurance agent.


Re: Obamacare - Recent article in Ee Benefit News 6/15 says 54% of workers "would prefer not to have more control over" their healthcare.


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