Who provides Health Insurance for workers?

Discussion in 'Business Operations' started by Landscraper1, Mar 28, 2011.

  1. Landscraper1

    Landscraper1 LawnSite Senior Member
    Male, from Southeastern Ma.
    Posts: 755

    I would like to know how many of you provide health insurance to your employees. If you do can you answer these questions?

    1/ What percentage of it do you pay?
    2/ If they are lay-ed off in the winter, do you continue paying that percentage?
    3/ Are you thinking of making any changes in the future, regarding health Ins.?

    With the way the economy has been affecting my bottom dollar, I need to make some cuts. I have been providing health Ins. for over 15yrs. I pay 50% and continue paying even when employees are lay-ed off in the winter. I was told by my accountant that they should be responsible to pay the full amount while lay-ed off.

    4/ Do you agree with my accountant?

    Thanks, any input is appreciated.
     
  2. srl28

    srl28 LawnSite Bronze Member
    Posts: 1,176

    Not saying I don't agree with the accountant, but just not sure how that would fly with your guys. I'm sure they would hate paying for something like that, especially a benefit, during the slow off season and beind laid off.

    Don't currently have/pay benefits for my guys but its something I've considered for a long time.
     
  3. Landscraper1

    Landscraper1 LawnSite Senior Member
    Male, from Southeastern Ma.
    Posts: 755

    I was going to take extra out of their check each week to put towards paying the winter months.
     
  4. GrassesGuy

    GrassesGuy LawnSite Senior Member
    Posts: 326

    I'm medium sized and can no way imagine even affording health insurance even though I would like too. How do you afford it and what company do you use.
     
  5. Landscraper1

    Landscraper1 LawnSite Senior Member
    Male, from Southeastern Ma.
    Posts: 755

    Tufts. It is a large expense but, with Oboma in office, you will be forced to provide it or get fined.
    I had no problem offering it before the economy down turn. Now, many are lowballing, which has made profits go down.
     
  6. nlminc

    nlminc LawnSite Bronze Member
    from GA
    Posts: 1,671

    You will NOT be forced to provide HC for your employees unless you have more than 50 working for you. You will get a 35% tax credit for your HC this year and in 2014 you will get a 50% tax credit for your HC......thanks to Obama.
     
  7. AI Inc

    AI Inc LawnSite Fanatic
    Posts: 25,310

    Or unless you are a construction based company with a payroll in excess of $500,000.
     
  8. Stillwater

    Stillwater LawnSite Platinum Member
    Posts: 4,833

     
  9. nlminc

    nlminc LawnSite Bronze Member
    from GA
    Posts: 1,671

    Al,
    I don't believe that is correct. Originally it was 250,000, but that was thrown out at the last minute and the min 50 employee was adopted without at payroll limit. Besides, we're in the agri business and not the construction business.

    Landscraper....I agree with your accountant. When I lived in MA I paid for my lead employee's HI thruough the winter when he collected and learned the hard way it was not worth it. Let them pay through the winter...
     
  10. AI Inc

    AI Inc LawnSite Fanatic
    Posts: 25,310

    No that held, and those who do more installs then mait are considered const co's. I got an email from my accountant about it when the bill passed.
     

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