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Archive for Affordable Care Act

Most Popular 2018 Topic for Connect to HR: Leadership

It’s hard to believe that another year is coming to an end. This has been a very busy and exciting year for Connect to HR. As I announced a few months ago, I’ve added a new service – Executive Adviser and Coach.  It’s a role that I’ve already been performing for many of the senior executives and leaders I’ve worked with, and now I’ve made it official!

My typical clients are not new executives. They are well established in their careers – CEOs, Presidents of small to mid-size companies, and Managing Directors, Senior Directors, VPs, and Executive Directors of nonprofits. They’re facing challenges such as:

  • Effective communication – What they can say or not say, what they can do or not do – and they’re feeling unsettled, possibly for the first time in their career (and thus can benefit from an external adviser)
  • Being assigned a role that’s not what they’ve done before – with little to no mentorship
  • A restructuring that leaves them with more responsibilities than ever, without much guidance or room for error

I’m excited about adding this new offering to my list of HR consulting services and I look forward to working with leaders to help them navigate challenges and reach their full potential.

As I’ve been looking back over my blogs this year it’s clear that leadership has been a very popular topic. In case you missed them, here are a few of Connect to HR’s most popular blogs in 2018.

5 Key Characteristics of an Effective Leader
In the work I’ve done with leaders over the years in both corporate roles and as a consultant, I’ve identified five common characteristics among those whom I consider to be effective leaders. That is, whose employees are engaged and loyal, whose teams are high-functioning, and whose organizations are thriving. Read more

Successful Leaders Listen More, Talk Less
Successful business leaders know that to engage employees, meet customer needs, and stay ahead in the marketplace, they need to listen more than they talk. Read more

Top 3 Reasons to Hire an Executive Coach
There was a time when leadership coaching was reserved for those leaders who needed to “shape up” in a particular area before being shown the door. That’s not the case today. In fact, most senior leaders attribute at least part of their success to having worked with an effective executive coach. Read more

Empathy: An Essential Skill for Leaders
Empathy has been called THE skill for the 21st century. Learning to understand others’ point of view – to figure out “where they’re coming from” – has myriad benefits in the workplace and in life in general. It improves interpersonal relationships, teamwork, negotiations, collaboration, sales, customer service, even parenting! Read more

Do you or another leader in your organization need help navigating challenges or developing in a specific leadership area? I can help! Please contact me at michelle@connecttohr to set up a free consultation.

Guest Article – Maximum Individual Mandate Payment for 2016

As we reach year end and start to think about the approaching tax season, it’s important to keep up to date on tax-related items in the Affordable Care Act (ACA). To assist you in that, I’m sharing this article from Patrick Whitaker at Whitaker Financial Services. You can find more information on his website.

aca-1The Affordable Care Act’s individual mandate provision requires every individual to have minimum essential health coverage for each month, qualify for an exemption, or make a penalty payment when filing his or her federal income tax return. Recently, the Internal Revenue Service (IRS) issued Revenue Procedure 2016-43, which provides the information needed to determine the maximum penalty that may be due for 2016.

 

 

Calculating the Payment
For tax year 2016, individuals will generally pay whichever of the following penalty amount is higher:

  • 2.5% of the individual’s yearly household income above his/her applicable filing threshold, OR
  • $695 per person for the year ($347.50 per child under age 18)

The maximum penalty is capped at the cost of the national average premium for a bronze-level health plan available through a Health Insurance Marketplace in 2016. According to the IRS, the monthly national average premium for qualified health plans that have a bronze level of coverage and are offered through a Health Insurance Marketplace in 2016 is:

  • $223 per individual; and
  • $1,115 for a family with five or more members

See the Health Care Reform Updates section on our website for additional articles related to the Affordable Care Act.

About the author, Patrick Whitaker

whitaker-biz-pic-smallWhitaker Financial Services has been providing professional financial and insurance services for over 25 years. At WFS, it’s our business to help you plan ahead. The most important point we make with clients is this: strategy is everything. We offer business owners an alternative to the impersonal treatment they receive from the large brokerage agencies. The benefits programs you invest in affect multiple facets of your business, from company morale, to employee retention, to administrative efficiency, to your bottom line.

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