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Obamacare the main topic in polls

Here is a quick summary of the most recent polls surrounding the launch of the open enrollment period starting on Oct. 1st. The Kaiser Health Tracking Poll highlighted many of the current misconceptions and lack of general knowledge about the healthcare law. Over 66% of the population doesn’t know that he open enrollment period starts on Oct. 1st. The rate tops out at 75% of uninsured respondents. The poll indicated that half the respondents incorrectly think the healthcare law creates a government-run insurance plan that competes with private insurance plans. 40% of those polled falsely think the law will give illegal immigrants financial assistance to get on a healthcare plan. Slightly more than half those polled stated they have not received enough information about the healthcare law to know how it will impact their family. CNN and ORC recently ran a poll that indicated most Americans oppose the health care law. A Gallup poll revealed that about two out of every three uninsured people woul ...

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Observance of Columbus Day, October 14, 2013

All banks and U.S. Post Offices will be closed Monday, October 14, 2013, in observance of Columbus Day.

As a result, no payrolls will be dated or delivered on this date.  All processing schedule requests are subject to the final approval by MBA’s Finance/Credit Department.

Reminder:  

The earliest day funds can be available to your employees through Direct Deposit is the second business day after your payroll has been finalized due to the federal banking regulations.

If you have any questions, please contact your Payroll Specialist or Account Manager at your earliest convenience.

Obamacare Regulations - Employee Notices

Small business owners who thought they were off the hook for Obamacare regulations until 2015 may not be after all.  As of October 1, any business with at least one employee and $500,000 in annual revenue must notify all employees by letter about the Affordable Care Act’s health-care exchanges, or face up to a $100-per-day fine. The requirement applies to any business that is regulated under the Fair Labor Standards Act, regardless of its size. Also, according to the Department of Labor, going forward, letters are to be distributed to any new hires within 14 days of their start date. Earlier this summer, the employer mandate, which states that every business with at least 50 or more full-time employees must offer workers acceptable health insurance coverage or face a $2,000 penalty per-worker, per-year, was pushed back until 2015. But the October 1 employee-notification deadline still apparently stands. Keith McMurdy, partner at FOX Rothschild LLP, says the $100 per-day fine has been “unfo ...

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What does Obamacare do for you?

According to information released by the Henry J. Kaiser Family Foundation, most of the 47 million people in the U.S. without health insurance coverage were unaware that Obamacare was set to launch prior to the Oct. 1 opening of the online marketplaces. Some blame the size and scale of the legislation for the uncertainty associated with the law, but here are some facts people should know. The legislation was signed in March 2010 and marks the largest overhaul of federal health care benefits and coverage since the implementation of Medicare and Medicaid in 1965. Obamacare will allow people who currently don’t have insurance to get various plans sponsored by the government. Along with offering insurance to those who don’t have it, the legislation also bans insurance companies from denying coverage to a patient who has a pre-existing medical condition. It also requires that insurers justify any raises of more than 10 percent to the health insurance premiums they charge individuals. Those who ...

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Yearly survey states regulatory compliance as biggest challenge in global health care support

In a yearly survey recently released by TNS Global on behalf of UPS Inc., health care logistic executives cited that regulatory compliance problems are still their biggest concern when addressing the worldwide health care supply chain. Interesting, for the first time in the six year history of the survey, product security was ranked as the second biggest issue as opposed to cost issues.  The survey reached out to 441 executives worldwide who work in pharmaceutical, medical device and technology firms. Of those respondents, 63 percent cited “regulatory compliance” as an issue of great concern. Last year, the figure for that concern was 65 percent. The second highest cited issue, product security, came in at 57 percent, up from 51 percent in 2012. Notably, product security concerns were highest among executives from the Asia-Pacific region. Seventy six percent of executives from that region of the world expressed concern over this issue. Worries surrounding costs appear to be settling ...

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