Many factors are involved in getting good employees to fill the seats at a medical practice, but job candidates consistently rank group benefits as one of the top factors impacting their decision to accept a job offer. Benefits packages matter; a robust package can make their lives much easier, while a barebones offering forces them to bear most of the monetary or administrative costs themselves.
You’ve acquired assets over the years, investing time and money in your career. Among those assets are your life and health insurance policies. Unfortunately, these policies tend to wind up on the back burner when preparing for a divorce, which can be a time-consuming and draining experience.
Health care isn’t growing any less complex. Young people new to health insurance industry terms are having difficulty not only in signing up for plans, but navigating their use, as well. Even young physicians, whose intrinsic knowledge of human anatomy should, in theory, impart additional insight into the health insurance system, are not immune.
When you get married, there’s an array of things that change for you and your spouse. You now address each other as husband and wife, you come home a little earlier from work to see your companion, and you spend time making plans for the future together. Additionally, maybe you have moved into your spouse’s apartment or home, or perhaps you are considering buying a new home together. No matter what your future plans look like, marriage will undoubtedly impact your finances. Below we have broken down five financial changes that newlyweds should be prepared for.
More than a year has passed since the full rollout of the Affordable Care Act, but myriad questions and concerns about the legislation are still resonating throughout the nation. In fact, analytics show that there are roughly 14,800 monthly Google searches for the query “Affordable Care Act” in the state of Texas alone. One question on the minds of many is, “Is the Affordable Care Act even ‘affordable’ at all?”
With the new Affordable Care Act Employer Mandate, companies with 50 or more employees are obligated to offer group health benefits. However, many smaller medical practices are also opting to offer healthcare benefits for their staff. This could be due to recent compelling statistics that show a direct correlation between quality benefits and employee retention.
There have been a lot of changes in the healthcare industry over the past few years, and it’s expected to continue evolving. One of these changes is a move away from group coverage to individual health plans. These are a few common reasons why physicians may need individual health insurance coverage:
Healthcare is one of the most expensive benefits you can offer employees. As a medical practice, employees often assume they will receive healthcare benefits.
However, health care comes at a cost. According to Kaiser Family Foundation survey, the average annual cost of a single premium per enrolled employee for employer-based health insurance in Texas is a total of $5,386, with an employer contribution of $4,251.
That’s a pretty sizable amount of money to be spending towards health insurance alone. So how can you spend less on health insurance, but still have quality coverage? By leveraging the benefits of HSA, HRA and FSA.
