America hits the brakes on health care spending

While I am sure their will be claims of “Health Care Reform success,” I don’t think that forcing Americans to be ” more frugal in their use of health care, from postponing elective surgery…” through the use of a horrible economy really counts. – Reeve Associated Press Tuesday, January 10, 2012   WASHINGTON — Is health-care relief finally in sight? Health …

Monthly Economic Update, January 2012

    MONTHLY ECONOMIC UPDATE     MONTHLY QUOTE “Don’t try to solve serious matters in the middle of the night.”  – Phillip K. Dick     MONTHLY TIP If you are going to buy new appliances, computers or TVs this year, you may not want to buy on price. Buying on reliability (after doing some research per brand) may end up …

Refusing to hire smokers?

A very interesting article in USA today (go here for the full article, and the state map).   29 states protect smokers rights, but in the other states, is it ehtical to simply not hire smokers? – Reeve Working and smoking Twenty-nine states and the District of Columbia have laws that protect smokers’ rights (in blue). Source: American Lung Association More …

Spelling out fees on 401(k)

Disclosing some costs could save BY DAVID PITT Associated Press Sunday, January 8, 2012   1 Comment(s) All too often workers with 401(k) accounts are in the dark. They view their retirement plan as a benefit and are unaware they’re paying for the privilege of investing for retirement. But greater awareness will come this year with new U.S. Labor Department …

Investment thoughts from Reeve…

The last few years have certainly been hard for everyone. Getting growth from your investments has been equally as difficult. From January 1, 2008 to this January 1st, the S&P is still down 10%. The DOW, while a little better, is still in negative territory, even after a 5.53% increase in 2011. Interest rates are at all-time lows, making Bond …

January Retirement Plan Reminders

As a reminder , here are the upcoming plan requirements: By January 17-  The notice of terminated vested employees must be submitted, Form 8955-SSA By January 31- W-2, 1099R, 945  forms must be distributed.

Blue Cross and Blue Shield introduces “Sustained Health”

Groups in South Carolina can now purchase additional preventive benefits that would not normally be covered, for a 1% premium surcharge.  Examples of these benefits are EKG, Xrays and blood work for preventive services.  Note that this benefit can only be purchased on renewal, and will change your group to a non-grandfathered group for purposes of Health Care Reform.

Uninsured in the tri-county region…

Am article about the clinics available inthe Charleston-Dorchester-Berkeley region recently appeared in the Charleston Business Journal ?.  It was quite interesting and pointed out that there are a number of clinics available to the uninsured in our region (their are more than 113 throusand uninsured in our area).  The average cost of treating the uninsured at a clinic is $75, …

New Credit Reporting Service?

Corelogic (877-532-8778) reportedly will be providing credit reports showing data that “has never before appeared” on consumer credit reports.  This information reportedly includes things like being upside down in your mortgage, IRS information, missed rental payments and missed child support payments. A review of information on their website, www.corelogic.com, makes it appear that they are combining traditional credit reporting with …

NY Unions File Lawsuit Over Retiree Healthcare Increase

December 30, 2011 (PLANSPONSOR.com)- Seven New York state unions filed federal lawsuits on Wednesday, challenging the Cuomo administration’s increase in the amount retirees must contribute toward their healthcare. The unions said increases were unconstitutional because the state has no authority to unilaterally raise retirees’ healthcare costs. The changes enacted this year by the Cuomo administration increased healthcare contributions to 12% …