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When Will President Trump Repeal the Affordable Care Act?

When Will President Trump Repeal the Affordable Care Act?

by | Feb 8, 2017 | Blog

In this week’s Best Money Moves roundup, we take a look at news stories and new research studies that may impact employee benefits and HR issues. We hope you find this news roundup helpful, and we’d love your feedback.

After Donald Trump’s election last November, many employers and benefits providers worried about updating their employees’ health insurance plans to comply with new health insurance regulations.

After all, Trump proclaimed loudly and often on the campaign trail that one of his first actions in office would be to repeal the Affordable Care Act – AKA Obamacare – and replace it with something else.

Now, it appears that may not happen until 2018.

The president told Fox News’ Bill O’Reilly in a televised interview on Sunday, Feb. 5, that he hopes to unveil a plan “by the end of the year, at least the rudiments, but we should have something within the year and the following year.”

Here’s the latest on the President’s quest to repeal and replace the ACA.

Workplace stress is on the rise. A new study found 60 percent of workers say their workplace stress has increased in the last five years. Learn what’s stressing them out.

Is your company hoping to hire an information security analyst or a truck driver this year? If so, you may have trouble finding qualified candidates. These are two of the 10 toughest jobs to fill in 2017.

Helping your employees lower their financial stress doesn’t have to involve a complete financial overhaul. Sometimes the smallest changes have the biggest impacts. Three budget saves that will improve employees’ financial situations.

Are your employees saving enough for retirement? Without a crystal ball, it’s difficult to figure out exactly how much money you’ll need in the future. Learn how to help employees estimate their future needs.

95 percent of HR professionals say burnout is hurting their companies’ employee retention. So how do you combat the workplace stresses that lead to burnout? Start at the top.

When your employees are financially stressed, they may feel tempted to raid their retirement plans for extra cash. This is a bad idea because in addition to owing taxes and penalties on the money they withdraw, they’re also setting themselves up to retire with less money than they’ll need. Here’s how to discourage early withdrawals.

The Department of Labor’s fiduciary rule, set to take effect in April, is meant to protect people’s retirement savings. President Trump has asked the DOL to review the rule, hoping to delay or replace it. What does that mean for your employees’ retirement accounts?

Looking for a way to incentivize your employees? Offering rewards for a job well done is a great way to boost productivity and increase employee loyalty. Here are the top 10 employee incentives.

The employee benefits industry is constantly changing. You want to stay on top of it and offer the best, most up-to-date benefits packages possible. Read 10 tips for staying relevant in this industry.

Have something to add? Email info@bestmoneymoves.com.

It’s hard to stay on top of everything in the news. That’s why each week our Best Money Moves newsroom will bring you the most important news in financial wellness, employee benefits and financial stress. We hope you like the information and, if you do, please spread the word. For midweek developments, follow us on Twitter and on Facebook.

Trump’s Insurance Plan, Employee Happiness By State, Financial Stress Reaches PTSD Levels

Trump’s Insurance Plan, Employee Happiness By State, Financial Stress Reaches PTSD Levels

by | Nov 30, 2016 | Blog

In this week’s Best Money Moves roundup, we take a look at news stories and new research studies that may impact employee benefits and HR issues. We hope you find this news roundup helpful, and we’d love your feedback.

President-elect Donald Trump wants to allow cross-state insurance sales, a move he says will give consumers and employers more choices and create a “dynamic market.” Proponents of the move say consumers or companies could save money by buying insurance from states that have less expensive insurance requirements. However, industry experts say the move could be a lot of time and effort spent on something that wouldn’t make much of a difference, especially due to the Affordable Care Act’s influence in making insurance policies more uniform in their coverage of expensive conditions like autism and infertility. Of course, that could all change as well with Trump’s repeated promises to repeal and replace the ACA.

Do you think people in your state are happy with their jobs? They are in Hawaii, West Virginia and Maine, but less so in New Mexico, Pennsylvania and Washington.

How serious is your financial stress? A new study found that nearly a quarter of employees report acute financial stress so severe it could qualify as PTSD.

Student loans are a major source of financial stress for America’s workforce, but it doesn’t look like the problem will be solved anytime soon. A recent ProPublica study took a state-by-state look at college tuition costs and income growth – and found they don’t line up.

Is your financial stress hurting your performance at work? According to a new study, about 29 percent of Americans say they’ve skipped work to deal with their money problems.

What does it take to hang on to your company’s best employees? Here’s a four-ingredient recipe for employee retention.

You don’t necessarily need a big company budget for big employee perks. Here are five ways small businesses can offer big employee perks and better retain top talent.

Millennials view employee benefits differently than previous generations of workers, which means companies need to approach benefits for these employees differently. Here’s how HR departments can most effectively reach their millennial employees.

Employers around the country were already preparing for the Department of Labor’s new overtime rules to take effect when a federal court blocked them last week. Should employers now stop what they were doing or continue preparations in case the injunction is overturned? Here’s what the experts say.

Is your office hemorrhaging employees as they move on to other opportunities? Here are five big reasons people leave their jobs – and how to recognize the signs.

Did you find this Best Money Moves roundup useful? Please let us know. Email us at info@bestmoneymoves.com.

It’s hard to stay on top of everything in the news. That’s why each week our Best Money Moves newsroom will bring you the most important news in financial wellness, employee benefits and financial stress. We hope you like the information and, if you do, please spread the word. For midweek developments, follow us on Twitter and on Facebook.