As a small-business owner, you may be concerned about the way the Affordable Care Act , also known as health care reform , will affect your company. Offering insurance, though, also may have drawbacks. Here are some questions to consider if you are an employer with fewer than 50 employees.
The law considers a full-time employee to be someone who works an average of at least 30 hours a week. To figure out the number of full-time equivalent employees, add up all the hours paid to part-time employees in a week and divide by 30 the number of hours considered to be full-time.
This will give you the number of full-time equivalent employees the part-time workers represent. Your mix of full and part-time workers may not lead you to have to offer insurance. If you have the equivalent of 50 or more full-time workers, you still only have to offer insurance to the full-time workers, not part-time workers.
There are two types of Marketplaces, available in each state. If you do not offer health insurance through your business, your employees can buy coverage through the individual Marketplace.
Some states work in partnership with the federal government or run their own SHOP. You can log on to Healthcare. You can compare plans online, apply and enroll on your own or with the help of an insurance agent or broker. You will be able to compare the costs and benefits of the plans in SHOP and then select the plan or plans to offer your workers employee choice options vary by state.
All the plans that are offered in SHOP will use a standard format to explain their coverage and prices. And they will all use plain language to describe their policies. If you offer employee choice, your employees will then be able to select from the range of plans that meet the criteria you have set. Yes, you can continue to offer your current health plans to your employees.
However, there are situations that could make the health plan you offer lose its "grandfathered" status. For example, if the plan makes major changes, such as significantly cutting benefits or raising the premium or cost sharing, it will lose its "grandfathered" status.
Health insurance plans can no longer raise premiums based on the health of anyone in your company. Health Insurance and Medicare Reference.
The cost of a business plan varies greatly depending on what type of plan you need. Some plans may be as simple as an executive summary and a one-page financial worksheet, while others can be well over 50 pages and contain several years of financial projections.
Decide what type of business plan your company needs in order to help determine the cost of the plan. You can hire a consulting firm to write your business plan, but this is often the highest-cost option. However, you will get a comprehensive business plan written by a dedicated team of specialists in marketing, finance and industry. Business plans written by firms can cost many thousands of dollars.
More complex plans can range into the high thousands, depending on the firm, the number of team members working on the plan and the scope of the plan. Using a private consultant to write your business plan can be a cost-effective way to get a strong plan written by an industry expert.
A lengthy plan with three years to five years of financial projections may still cost several thousand dollars, but the total cost can be much less than hiring a firm because only one or two individuals are doing the work. Some private consultants charge by the hour and let the client decide how many hours to budget for the work. However, fees for a business plan will still vary quite a bit.
The cheapest way to get a business plan usually is to write it yourself.
A consultant may help design the plan, but you'll have to make it come to pass. If you get six months into things and the business isn't materializing, the consultant will be long gone, and your best chance at adapting will be knowing what assumptions underlie your plan and revising them based on reality.
Affiliate and now the plan administrator says they made a mistake and want all the money back, 2 that who can i pay to do my business plan all of those “theory’s” about going home for 30 days to reset the clock.
Tim Berry, president of Palo Alto Software Inc., responds to a reader seeking advice on finding a low-cost writer to help with a business plan. If you are just toying with an idea, or have not invested much time in research and planning, you may not be ready to think about a business plan. If you aren’t committed to your business idea, you will just be wasting everyone’s time — and your own money — by hiring a consultant at this stage.
Confirm email: Who Can I Pay To Do My Business Plan who can i pay to do my business plan world of white papers writers market agencies Who Can I Pay To Do My Business Plan bj pinchbeck homework helpers academic essay on leadershipPlan Option Costs; Pay Now. If you are a business. If your business plan looks like as if it is going to be more complex or if you really do not like to write, you may want to hire a professional consultant to do that for you. You will need to collaborate with the consultant on the project and you'll need to provide a lot of information, but the consultant can do the bulk of the writing.