Posts Tagged ‘employees

05
Jun
15

Jobs! Jobs! Jobs! Jobs! Thank you, President Obama

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31
Mar
15

President Of The People

Barack Obama

President Barack Obama signs a Memorandum of Disapproval regarding a joint resolution providing for congressional disapproval of a rule submitted by the National Labor Relations Board relating to representation case procedures. The joint resolution passed by Congress is a rarely used oversight tool that allows legislators to block regulatory actions

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Barack Obama

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Barack Obama

03
Mar
15

Small Businesses Prospering. Thanks, ObamaCare

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Amy Lynn Smith: Michigan Small Business Offers Competitive Employee Benefits Thanks To The ACA

Ryan Irvin and Amanda Stitt are the kind of small business owners who want to do the right thing for their employees. But they’re also business owners who need to pay attention to the bottom line. Fortunately, they’re able to do both. The Small Business Health Options Program (SHOP) Marketplace at Healthcare.gov gives businesses with less than 50 employees everything they need to find the right plan for their employees and get them all covered. Last year, Irvin and Stitt — who are married with a baby girl, Amelia — were paying for their own insurance after Stitt transitioned from her previous job to become chief executive officer of Change Media Group. They were also paying the premiums of one full-time employee who purchased her coverage at Healthcare.gov.

But setting up an employer plan through the SHOP Marketplace made a lot more sense, says Irvin. For Amanda, Amelia and myself, we were paying $1,282 in premiums last year. We’ll get to deduct those premiums from our taxes but we won’t get the small business tax credit offered through SHOP. Add on what we were paying for our employee’s coverage and we were paying $1,539 a month. For 2015, with our SHOP plan, we’ll be paying $1,448 a month for our family and that one employee, which is a savings of $100 a month in premiums. Plus, instead of a tax deduction of 25-30% for our premiums we’ll get a 40-50% tax credit to the business for the premiums we pay.

More here

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