health insurance Archives - InfinitiHR | Human Resource Consulting & HR Services

PHOENIX, AZ – The Federal Health Care Law, also known as the Patient Protection and Affordable Care Act (PPACA), was signed into law in March of 2010. With most of the provisions being phased in this year to take effect on January 2014, Infiniti HR, a payroll and benefits company that help businesses reduce costs by effectively managing human resources, discusses the impact and what employers need to know in 2013.

PPACA aims to increase the number of uninsured Americans and to reduce the overall healthcare costs. But as a small business owner, what do you need to know? Infiniti HR believes there are three fundamental provisions: the requirement to have health insurance, the existence of exchanges where consumers can purchase coverage and penalties for employers that don’t offer insurance for those who get coverage through exchanges.

Infiniti HR aims to help you understand how to minimize your tax liability, how to abide with the new regulations and how to develop a health insurance plan in the new market that makes sense for your business. It all starts with education and knowing the tax credits available and possible implications to employers and individuals.

With PPACA, there are alternative and possibly advantageous options available to employers and individuals such as self funded options and small business health options programs (SHOP). These alternatives may offer small businesses and their employees new options and flexibility in choosing plans that fit their needs and budget.

Visit Infiniti HR for the latest in employee benefits and payroll solutions. To learn more about how your business can stay up-to-date on the Federal Health Care Law, call the office at 866.552.6360.

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OLNEY, MD – Infiniti HR CEO Scott Smrkovski knows firsthand what it’s like for employees of small companies who are not offered health insurance by their employers. Prior to starting Infiniti HR, he worked for a larger firm and learned just how difficult it can be to navigate sensitive human resources issues such as insurance coverage for employees.

Determined to provide a smaller agency feel where clients could discuss concerns and questions directly with human resources experts, he started Infiniti HR. A payroll and benefits company that help businesses reduce costs by effectively managing human resource functions while allowing businesses to focus on their core operations that impact profitability, Infiniti HR is focused on customer service, staying on top of the latest industry trends, and extending access to benefits for clients and their employees.

Just this week, Maryland Governor O’Malley signed into law a program that reduces the number of uninsured residents. The Working Families and Small Business Health Coverage Act established the Human Insurance Partnership (HIP). Eligible small businesses currently not extending health insurance options to their workers can now buy health insurance at about half the cost and reward individuals for efforts to improve their health.

Under the partnership, a small business with two to nine full-time employees that has not offered health insurance for the past 12 months and meets wage and salary requirements established by the commission is eligible to receive a subsidy of up to 50% off the premium.

Once enrolled in the partnership, the business is likely to continue to be eligible for the subsidy in following years. Family coverage can also be subsidized.

Click here for the latest press releases. To learn more about how your business can save time and money call the office at 866-552-6360.

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