Unless legislators take measures to change the law, it appears that anyone who is laid off after May 31st, 2010, will no longer be eligible for government subsidies to help pay for their Cobra health care coverage. This will mean that people who lose their jobs as of June 1st, 2010 will have to pay the full amount for their health plans which until they were laid off was paid by their employer. For the full story go to “Cobra Payment Aid Appears Likely to End.”
Understanding the New Health Care Reform Bill with Daniel Touizer
Certainly, everyone in America wants to understand the new health care reform bill. Business owners, in particular, have a large task in front of them now, as they have to pass along information to their employees and help the staff to understand how the bill will affect their healthcare.
Daniel Touizer, the founder and CEO of Cinergy Health, has the following tips to offer to business owners as they digest this new bill.
1. Understand the Bill : First, of course, it is essential that you, the business owner, understand how the bill influences your company. Make sure that you fully understand the many factors before you try to explain things to your employees.
2. Communicate with Everyone: When you are clear about what the bill means for your office, make sure to clearly convey this to the staff. You can send out a company-wide memo outlining how the bill will affect the company or you can have a staff meeting. Convey to everyone how you plan to keep them up to date as you receive more information as well.
Don’t panic. This bill is new for everyone and everyone is trying to figure out how it will influence them. Take the time to understand the new bill and to figure out how it impacts on your business before you explain it to your employees with inaccurate information.
