The Affordable Care Act (ACA) established three risk-spreading programs to provide payments to health insurance issuers that cover higher-risk populations and to more evenly spread the financial risk carried by issuers. These programs, which will be effective in 2014, are a transitional reinsurance program, a temporary risk corridor program and a permanent risk adjustment program.
Election to Have Significant Impact on Agent Issues
What are the consequences for health care, taxes and insurance regulation?
The 2012 elections have come and gone, and while there will be many new faces in the 113th Congress next year, there is no shift in the balance of power between the two parties in either the White House or Congress.
Not all jobs on a construction worksite are the same; each job comes with its own set of unique safety risks. To ensure workers safely complete their jobs, customize their safety training for each job by doing the following:
Portable generators caused 172 carbon monoxide poisonings in the United States between 1999-2004, according to the Consumer Product Safety Commission.
Mishandling the generators used on your worksite can cause carbon monoxide, electrical and fire hazards. Make sure your workers use generators safely by following these quick tips:
New temporary guidance has been released regarding the 90-day maximum waiting period mandated by the Affordable Care Act (ACA). The ACA stipulates that for plan years beginning on or after Jan. 1, 2014, group health plans and group health insurance issuers may not apply any waiting period that exceeds 90 days.
The first National Manufacturing Day will be held Oct. 5, 2012. The day has been established to recognize the importance of manufacturing to the economy and to raise awareness of jobs in the industry.
Inexperienced or newly hired employees are a company’s biggest safety liability, accounting for a disproportionate number of accidents and injuries. Because of this, employers spend significant time and resources training new hires. Sometimes lost in the effort to train new workers is the importance of safety training for experienced workers. As a result, accidents among experienced workers are on the rise.
Many employers are shocked to discover that direct costs—such as medical expenses and indemnity payments—account for less than half of the total cost of workplace accidents.
Saw dust, metal shavings, paint and other construction materials are the usual suspects for causing potentially harmful eye damage to construction workers. But for those who work outdoors, the sun is also the cause of irreversible damage to the eyes.
Poor communication between work crews and supervisors is one of the leading causes of accidents on construction sites. Hearing difficulties, due to the high level of sound emitted from construction equipment, is one contributing factor to miscommunication. Some equipment emits sounds higher than 125 decibels, which makes communicating with other workers nearly impossible.