Insurance

A&A

IRS explains 2011 changes to flexible spending arrangements

The Internal Revenue Service has issued guidance reflecting statutory changes regarding the use of certain tax-favored arrangements, such as flexible spending arrangements (FSAs), to pay for over-the-counter medicines and drugs.
A&A

Virginia CPAs offer tips on preparing financially for disaster

Peak hurricane season for Virginia and the Mid-Atlantic States has arrived. While it’s unsettling to think a natural disaster could affect you, emergencies can and do occur.
Tax

IRS can spell tax relief for disaster victims

"I'm from the government and I'm here to help you" may be regarded by some to be the most terrifying words in the English language, but not so when you are dealing with a disaster.
A&A

Diagnose tax rules in new health care law

The new health care law finalized March 25 – the Patient Protection and Affordable Care Act – includes sweeping changes for both employers and individuals.
Tax

COBRA premium subsidy temporarily extended again

On March 2, 2010, President Obama signed the Temporary Extension Act of 2010 (the “TEA”) extending the COBRA premium subsidy eligibility period for an additional month, through March 31, 2010.
Practice Management

SAS 99 -- 17 ways to protect yourself from malpractice

Congress mandated as Sarbanes-Oxley (SoX) for public companies and their auditors. Think of SAS 99 as SoX for everyone else.
A&A

U.S. companies experiencing new litigation wave, anticipate more to come

Companies are seeing a litigation wave that corporate counsel expect to swell in the coming year, according to respondents of the 2009 Fulbright & Jaworski L.L.P. Litigation Trends Survey.
A&A

Liability insurance: Covering business interruptions when they happen

Disasters have plagued mankind for as long as we have records, and for just as long, smart people have sought ways to protect themselves against the liability of the unexpected.
A&A

New insurance coverage protects against identity theft

Identity theft is a costly crime for society and for the individual involved. CPAs, who deal with personal information and whose reputation is built on trust, need to take special care to protect their clients' information.
A&A

Congress may require small businesses to play or pay for health insurance for employees

At this point in the health care reform debate, both the House and the Senate have put forth proposals for a "play or pay" mandate for employers to provide health insurance...
A&A

New challenges face majority of small business owners during open enrollment

More than half of small business employers who offer employee benefits encounter challenges during the enrollment process, according to a recent study from The Guardian Life Insurance Company of America, a provider of employee and voluntary benefits to small and midsize companies.

Presidential candidates present positions on key health care issues

The Kaiser Family Foundation has added two new resources on its health08.org Web site detailing presidential candidates Sen. John McCain's and Sen.
A&A

SurePayroll offers health insurance to small businesses

Online payroll provider SurePayroll has announced that it is offering small businesses and individuals a simplified way to acquire health insurance and other related benefits. The service supplements SurePayroll's full-service online payroll offering, retirement solutions and workers' compensation plans.
A&A

FASB issues Statement No. 163, Accounting for Financial Guarantee Insurance Contracts

Last week The Financial Accounting Standards Board (FASB) issued FASB Statement No. 163, Accounting for Financial Guarantee Insurance Contracts. The new standard clarifies how FASB Statement No. 60, Accounting and Reporting by Insurance Enterprises, applies to financial guarantee insurance contracts issued by insurance enterprises, including the recognition and measurement of premium revenue and claim liabilities. It also requires expanded disclosures about financial guarantee insurance contracts.

Health insurance keeping potential retirees on the payroll

Older workers without other health care insurance options are more likely to defer retirement to stay covered under their employer's plan, according to an analysis by Watson Wyatt Worldwide, a global consulting firm. Other factors, such as whether an employee has a pension, also contribute to decisions on when to retire.
Education & Careers

Workers may see new insurance option: HSAs

While the end of the year brings a flurry of shopping decisions (Can I get away with buying Uncle Charlie another tie?), some choices are even more daunting: health care plans.Fall is usually open-enrollment time, and workers may see an option called a Health Savings Account, or HSA, for the first time. It’s an alternative to traditional health insurance that gives consumers a way to pay for their own health care while reaping tax benefits.These HSAs allow consumers to save money in an interest-bearing savings account set aside for health care expenses.
A&A

Businesses protected from financial loss with professional liability insurance

A separate coverage can be added to existing insurance policies that protects professionals in the event of a client's claim that they have suffered a financial loss as the result of an error or omission that was committed by a company while performing and delivering their professional services.Whether you are running a small home-based business or a multi-million dollar industry, it is important to plan for disaster mangement to protect against unexpected circumstances.

Health insurance premiums rising faster than wages and inflation

Premiums for employer-sponsored health insurance rose an average of 6.1 percent in 2007, less than the 7.7 percent increase reported last year but still higher than the increase in workers' wages (3.7 percent) or the overall inflation rate (2.6 percent), according to the 2007 Employer Health Benefits Survey recently released by the Kaiser Family Foundation and Health Research and Educational Trust.

Long Term Care insurance gains momentum

Long term care insurance, once a bit player in the health insurance field, is now entering center stage thanks to influential backers: states like California, Connecticut, Indiana, and New York. These four are the original long term care "partnership" states, now joined by many others. "States with partnership programs are spending millions promoting LTC insurance through the media and direct mail," says Cameron Truesdell, CEO of LTC Financial Partners.
AccountingWEB Life

A Conversation With Barry Goldwater: Are You Recommending Long-Term Care Insurance?

Who is the largest payer of long-term care assistance? It’s the general public who fund long-term care from personal savings and through public assistance programs. But the numbers bear out that CPAs and advisors are doing a poor job of referring their clients to asset protection long-term care programs. Why is this?

Pages