On Aug. 1, 2011, the Department of Health and Human Services (HHS) released new health plan coverage that will require health insurance plans to cover women’s preventive services without charging a copayment, coinsurance or a deductible. This will most likely translate into higher premiums, as someone needs to pay for...
The National Council on Compensation Insurance (NCCI) has proposed a n increase of 8.9% to workers compensation rates for 2012 in Florida. This rate filing was made with the Florida Office of Insurance Regulation. Following several years of declining claims frequency. 2009 saw a spike in claims primarily due to the...
Florida is one of the states that allow Consent to Rate with Workers Compensation policies. A “Consent to Rate” is where the insured signs off on allowing the insurance company to charge a higher rate. Why would anyone agree to be charged a higher rate? There are reasons that may...
A provision of the Health Care reform took place on September 23, 2010 that has many employers confused and frustrated. In the past companies could discriminate with their health care plan and provide benefits to executives or highly compensated employees that were not available to all employees. Here are some important...
Republican candidates pledged that their first item of business would be repealing the health care laws passed in March. Such a complete undo is unlikely given the political realities, and President Obama still has veto power. Another complication is some provisions of health care reform already in effect. Among one of the popular provisions are allowing parents to keep...
Attorneys in Texas have filed a proposed class action against Intuit’s Quickbooks after experiencing several brief outages associated with Quickbooks Online and Quickbooks Payroll Service. Claiming breach of contract, the Law Firm filed suit against Intuit Inc. on Sept. 9 in Collin County District Court seeking a refund of their costs. According to the lawsuit, Quickbooks Online...
The new health care reform law provides that employers must disclose the aggregate cost of employer-sponsored health coverage(s) provided to employees on the employee’s Form W-2. The cost of the health benefit is not considered taxable income, but will appear on the employee’s W-2 for informational reporting purposes. This month the IRS announced...
Effective January 1, 2011 Florida workers compensation premiums will go up by 7.8%. NCCI had requested an 8.3% increase. Workers compensation premiums have been declining since 2003, when the state enacted insurance reforms. After this increase Florida will still have the lowest workers compensation rates in the southeast and is one of the top...
Sourceone Partners being at the forefront of technology realizes the importance of small business owners time. For the business owner on the go, processing payroll has never been easier. Utilizing the iPhone technology we now have an app that you can process your payroll 24/7/365 directly from your iPhone. For a limited...
