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21 Financial Events and Trends During 2021

Money Talk

Income and Jobs- An unprecedented 1 in 4 American workers quit jobs in 2021 as people re-evaluated work requirements, personal values, career options, and work-life balance. Insurance- COBRA premium assistance for health insurance was provided under the American Rescue Plan Act and Medicaid enrollment surpassed 80 million.

Finance 363
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The Employee Healthcare Crisis: This is How To Help

Best Money Moves

American families are in the midst of a healthcare crisis and employer-sponsored health insurance can’t keep up. Even with support from employee health insurance programs, millions of American families cannot afford the full care they need. Having health insurance does not guarantee access to healthcare or the ability to afford it.

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What is Futa and Suta Tax?

HR Lineup

For instance, the W-2 employee (FICA) tax requires you to withhold your workers’ money to cater for medicare and social security taxes. This means that instead of funding the federal government’s unemployment and benefits programs, employers will be paying the state government to fund unemployment insurance programs. What is FUTA Tax.

Taxes 243
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2022 Health Insurance Outlook, Changes

InterWest Insurance Services

In addition, new rulemaking is likely to be introduced in 2022 that will affect health plans, including non-discrimination rules for wellness plans and new rules governing what must be included on insurance plan ID cards. The CAA created a number of new requirements that affect health insurance and coverage. More guidance coming.

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Tips for Safeguarding Your Baby Boomer Construction Workers

InterWest Insurance Services

The average age of a construction worker is now in the 40s. The nature of construction work presents many hazards for workers, many of which may not appear until late into a person’s career. Risk factors for older workers Lower-back injuries are a common injury experienced among construction workers. A study of U.S.

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Employee or contractor? 6 common mistakes when classifying workers

Insperity

It’s a question with big ramifications that trips up many employers: Is my worker an employee or contractor ? If a worker meets the requirements for an employment relationship, they can’t be an independent contractor. How you decide to classify workers is of great interest to the Department of Labor (DOL) and the IRS.

Taxes 126
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New Protections for Pregnant, Nursing Workers

InterWest Insurance Services

The budget bill, which President Biden has signed into law, included the Pregnant Workers Fair Act (PWFA) and the Providing Urgent Maternal Protections for Nursing Mothers Act (PUMP Act). Employers may also not retaliate, coerce, intimidate, threaten or interfere if any worker requests or is provided with a reasonable accommodation.