Full time employees have been dropped back to part time hours so that the franchise won’t have to cover them. It has been revealed that an Omaha, Nebraska owner of a Wendy’s franchise has the intention of slashing the hours of 300 full time employees in order to make them part time workers so that the company can avoid having to provide them with health insurance as required by the Affordable Care Act. The franchise is not required to have to provide part timers with medical benefits, which explains the…
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Health insurance for workers at Olive Garden to improve
Employees have been told that they can expect to see better benefits coming soon. Sears and Darden Restaurants – the company that owns the Olive Garden and Red Lobster chains – has recently revealed their intensions to change the way health insurance benefits will be provided to the workers at those locations. Employees will now have the opportunity to purchase their own plans. The restaurant giant has stated that instead of choosing the plan on behalf of their employees, it will pay them directly in order to allow them to…
Read MoreHealth insurance rates will experience a slight increase in Massachusetts
Though it will be a minor rise, it will still be greater than the quarter before. Individuals and small businesses who will have their health insurance policies renewed on October 1, 2012 should expect to see a base rate increase on their premiums of an average of 2.1 percent on Massachusetts policies. This is a much lower increase than the 5.5 percent the state added to its base rate in 2011. According to the data at the state Division of Insurance, though Massachusetts has been very effective in keeping its…
Read MoreHealth insurance premiums to increase in company owners’ opinion
Survey shows small businesses feel they will be paying more for their plans The results of health insurance research performed by the Small Business Authority have been published into a report that has shown that the owners of companies are expecting their premiums to rise again this year. The SB Authority Market Sentiment Survey was performed in July 2012. The organization’s portfolio contains more than 100,000 business accounts. Its research included the participation of over 1,500 respondents, who gave their opinions and shared their concerns this month. Forty nine percent…
Read MoreThe increased popularity of health plans with high deductibles are causing workers to pay more
As a growing number of companies are seeking to be able to continue to afford to provide their workers with health insurance, plans with high deductibles are becoming increasingly popular and are requiring those employees to pay more while receiving less. According to the Employee Benefit Research Institute’s survey data from December, 2011, 27.7 million people of working age had a health insurance plan with a deductible of a minimum of $1,000 for individuals and a minimum of $2,000 for families. According to the report on the survey, the percentage…
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