Individual Health Insurance Policy will Increase 100% under OBAMACARE

The House Energy and Commerce Committee has released a report, based on internal documents from 17 insurance giants, including Aetna, Blue Cross, and Kaiser Foundation.

The report found that individuals will face “premium increases of nearly 100 percent on average, with potential highs eclipsing 400 percent. Meanwhile, small businesses can expect average premium increases in the small group market of up to 50 percent, with potential highs over 100 percent.”

One company said that new participants in the individual market could see a premium increase of 413 percent when new requirements on age rating and required benefits are taken into account, said the report. “The average yearly cost for a new customer in the individual market grows from $1,896 to $3,708 — a $1,812 cost increase,” it added.

But that’s just the average. Some people will see price spikes of over 400 percent. The reason is that millions of uninsured people, many with expensive preexisting conditions, are being added to the insurance pool.

The bottom line is that the government is mandating one-size-fits-all coverage that pays for every condition, from pregnancy to drug rehab, even if the buyer doesn’t want or need it.

Get a copy of the report:

Published in: on May 21, 2013 at 8:14 am  Leave a Comment  
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Employers Must Use New Form I-9 Starting May 7, 2013

The U.S. Citizenship and Immigration Services (USCIS) released a new Form I-9 for verifying employment eligibility. All employers are required to complete a Form I-9 to verify the employee’s identity and eligibility to work in the United States.

After an initial grace period during which employers could use either the new or old Form I-9, use of the new form will be mandatory as of May 7, 2013. It is important that employers use the new Form I-9 because it contains a number of important changes from the previous form.

Continued use of the old form could subject employers to fines of $110 to $935 per instance depending on the non-compliance rate.

New Rules for Employees Paid by Commission – Effective January 1, 2013

AB 1396 provides that, by no later than January 1, 2013, all in-state and out-of-state employers shall have written agreements in place for employees who are paid commissions for providing services within the State of California.

The written agreement shall provide the method by which the commissions will be computed and paid. The employer shall also provide a signed copy of the written agreement to the employee and obtain a signed “receipt” for the written agreement from the employee.

Published in: on January 27, 2013 at 10:52 am  Leave a Comment  


Mercer conducts this survey annually to help multinational companies and other organizations compensate employees fairly when placing them on international assignments. Mercer’s Quality of Living reports provide valuable information and hardship premium recommendations for many cities throughout the world. Mercer’s Quality of Living index list covers 221 cities, ranked against New York as the base city.

Vienna retains the top spot as the city with the world’s best quality of living, according to the Mercer 2012 Quality of Living Survey. Zurich and Auckland follow in second and third place, respectively, and Munich is in fourth place, followed by Vancouver, which ranked fifth. Düsseldorf dropped one spot to rank sixth followed by Frankfurt in seventh, Geneva in eighth, Copenhagen in ninth, and Bern and Sydney tied for tenth place.

In the United States, Honolulu (28) and San Francisco (29) are the highest-ranking cities, followed by Boston (35). Chicago is ranked 42nd, while Washington, DC, is ranked 43rd. Detroit (71) is the lowest-ranking of the US cities that Mercer surveys.

Globally, the cities with the lowest quality of living are Khartoum, Sudan (217); N’Djamena, Chad (218); Port-au-Prince, Haiti (219); and Bangui, Central African Republic (220). Baghdad, Iraq (221) ranks last.

This year’s ranking separately identifies the cities with the best infrastructure based on electricity supply, water availability, telephone and mail services, public transportation, traffic congestion and the range of international flights from local airports. Singapore is at the top of this index, followed by Frankfurt and Munich in second place. Copenhagen (4) and Dusseldorf (5) fill the next two slots, while Hong Kong and London share sixth place. Port-au-Prince (221) ranks at the bottom of the list.

The highest-ranking US cities on the city infrastructure list are Atlanta (13), Dallas (15), Washington, DC (22) and Chicago (28).

“In order for multinational companies to ensure their expatriates are compensated appropriately and an adequate hardship allowance is included in compensation packages, they must be aware of current events and local circumstances,” said Slagin Parakatil, Senior Researcher at Mercer. “Factors such as internal stability, law enforcement effectiveness, crime levels and medical facilities are important to consider when deciding on an international assignment, and the impact on daily life that could be encountered by the expatriate in overseas placements.”

The 2012 Infrastructure ranking is based on electricity supply, water availability, telephone and mail services, public transportation, airports and traffic congestion.

Quality of living ranking:
Vienna, Austria (1st)
Zurich, Switzerland (2nd)
Auckland, New Zealand (3rd)
Munich, Germany (4th)
Vancouver, Canada (5th)

Infrastructure ranking:
Singapore, Singapore (1st)
Frankfurt, Germany (tied 2nd)
Munich, Germany (tied 2nd)
Copenhagen, Denmark (4th)
Düsseldorf, Germany (5th)
Top 5 cities by region

For more information:

Published in: on December 5, 2012 at 10:09 am  Leave a Comment  

IRS standard mileage reimbursement rate increases to 56.5 cents on January 1, 2013

The Internal Revenue Service has announced the standard mileage reimbursement rate for business travel for 2013. Effective January 1, 2013, the standard mileage rate will be 56.5 cents per mile (up from 55.5 cents per mile in 2012).

Although employers are not required to reimburse employee travel at the IRS mileage rate, it is advisable to do so because other methods for providing adequate reimbursement are more difficult to prove.

2012-2013 NACD Public Company Governance Survey Highlights

The 2012-2013 NACD Public Company Governance Survey publishes benchmarking data on a wide range of board of directors practices.

A few highlights from the survey:

– More than 58 percent of public boards have combined the roles of chairman and CEO

-More than 82 percent of respondents reported that they received continuing director education in the past 12 months

-Slightly less than 40 percent classified their CEO succession plans as formal with steps set forth in corporate documents

-Formal risk management programs are used by 62.9 percent of the survey population

DHS to Give Work Permits to Undocumented Individuals

The U.S. Department of Homeland Security (DHS) recently made an announcement, indicating that in the next 60 days, certain undocumented individuals who have continuously resided in the U.S. for at least 5 years will be eligible for deferred action from deportation and will be given work permits for 2 years. These work permits will be renewable.

To be eligible, the individuals (1) must have entered the U.S. prior to age 16 and be under age 30, (2) they must be in high school, have graduated high school, or received an honorable discharge from the U.S. military, and (3) must have good moral character.

Published in: on June 18, 2012 at 2:05 pm  Leave a Comment  

NACE 2011 Survey Results: Intern Hiring Up 7 Percent and 2011 Hourly Rates

According to results of a recent survey conducted by the National Association of Colleges and Employers (NACE), Employers expect to hire 7 percent more interns for 2010-11 than they hired in 2009-10.  Ninety-three percent of employers responding to the NACE 2011 Internship & Co-op Survey reported plans to hire college students for internship positions.  Most organizations plan to pay their interns.  Here are some of the survey findings:

  • Bachelor’s degree students taking part in internships will earn an average of $16.68 an hour
  • At the master’s degree level, the average hourly rate is $24.21
  • Both overall averages are down marginally from last year’s averages—$17 and $24.29, respectively
  • Intern salaries fluctuate greatly depending on major, year of study, industry, and other factors
About the NACE 2011 Internship & Co-op Survey:;_Salaries_Stable.aspx?referal=pressroom&menuid=104
Published in: on April 10, 2011 at 7:08 pm  Leave a Comment  

SEC Adopts Rules for Say-on-Pay and Golden Parachute Compensation as Required Under Dodd-Frank Act

The Securities and Exchange Commission adopted rules concerning shareholder approval of executive compensation and “golden parachute” compensation arrangements as required under the Dodd-Frank Wall Street Reform and Consumer Protection Act.

The SEC’s new rules specify that say-on-pay votes required under the Dodd-Frank Act must occur at least once every three years beginning with the first annual shareholders’ meeting taking place on or after Jan. 21, 2011. Companies also are required to hold a “frequency” vote at least once every six years in order to allow shareholders to decide how often they would like to be presented with the say-on-pay vote. Following the frequency vote, a company must disclose on an SEC Form 8-K how often it will hold the say-on-pay vote.

Under the SEC’s new rules, companies also are required to provide additional disclosure regarding golden parachute compensation arrangements with certain executive officers in connection with merger transactions.

The Commission also adopted a temporary exemption for smaller reporting companies (public float of less than $75 million).  These smaller companies are not required to conduct say-on-pay and frequency votes until annual meetings occurring on or after Jan. 21, 2013.

The SEC rules largely mirror the proposed ones.   The revisions in these rules:

  • Delay the general effective date of Jan. 21, 2011 to Jan. 21, 2013, for smaller reporting companies
  • Clarify that the votes have to occur only at shareholder meetings where directors are elected
  • Give companies more time to report shareholder votes and management’s voting-frequency decisions, using Form 8-K instead of Form 10-Q
  • Allow a company to exclude shareholder say-on-pay proposals only if it adopts the voting frequency backed by a majority (not a plurality) of shareholders.

For more information:

SEC Press Release:

Published in: on March 16, 2011 at 3:27 pm  Comments (63)  

2010 Benefits for Part-Time Employees Survey Results

Nearly all (98%) employers report that their organization offers part-time work, and over one-third of these companies report that more than 10% of their workforce are part-time employees, according to a recent survey of Benefits for Part-Time Employees by BLR. The current survey, which garnered 1,100 responses, was conducted by BLR’s HR Daily Advisor in November 2010.

Some of the other survey findings:

  • About 85% of companies provide prorated holidays and vacation to their part-time workforce


  • Categories of prorated benefits provided to eligible part-time employees:
    • 85% of companies offer Vacation
    • 84% of companies offer Holidays
    • 60% of companies offer Paid Sick Leave
    • 52% of companies offer Health Insurance
    • 39% of companies offer Life Insurance
    • 84% of companies offer Other Benefits (Paid Time Off, Dental, and 401(k)


  • Minimum hours worked per week to be eligible for prorated benefits:
    • 35% of organizations require employees to work at least 30 hours per week
    • 40% of organizations require employees to work at least 20 hours per week
    • 4% of organizations require employees to work at least 10 hours per week
    • 3% of organizations’ employees work less than 10 hours per week
    • 18% do not offer benefits to part-time employees


  •  59% of companies offer a 401(k) Plan to part-time employees


  • 43% of companies offer an Incentive/Bonus Plan to part-time employees


Source:  Benefits for Part-Time Employees, BLR HR Daily Advisor November 2010.

Published in: on January 16, 2011 at 11:29 pm  Leave a Comment