Best Part-Time Jobs During Corona

Even though unemployment is still relatively high, there are still some great part-time jobs you can do that will help cover basic expenses. Here’s a list of the industries that are hiring right now:

Paid Survey Participant

If you like to share your opinions (and who doesn’t), this job is perfect for you. Companies are always looking for consumer opinions on a variety of things such as products, services, etc. Best of all, it’s completely online, so you can work from anywhere. Here’s a list of companies that are looking for your feedback: Swagbucks, PrizeRebel, SurveyJunkie, SurveyPolice, Inbox Dollars, and Toluna. Grab your laptop, kick back, and start earning!

Freelance Writers

If you’re a writer of any kind, this industry is really taking off right now. All you need is impeccable grammar and the ability to put together clear sentences. While having prior experience is always good, some companies might require candidates to have a bachelor’s degree in journalism, creative writing, or a related field like communications. Here are some sites for freelance writers to check out: Fiverr, Upwork, Freelancer, and PeoplePerHour.

E-Commerce

This is easier to pull off than you might think. While you need an initial investment, the cost of opening an online store is low – and it’s perfect for the entrepreneur or artist. Are you a life coach? Can you help college seniors write resumes? Do you make hand-poured candles? Really, anything can become an online business and this sector will only continue to grow as the pandemic prevents in-store purchases. Some sites to help you get started include Big Commerce, Shopify, and LinkedIn Learning.

Web Designers/Developers

If you have design or development experience, then you can make money online with this part-time gig. In addition to design, other skills you need include knowing how to create layouts and how to code. Knowledge of graphic design software and consumer recognition is necessary, as well as understanding the users, aka “personas,” of the audience. If you don’t know how to code, there are online classes you can take at Coursera, Pluralsight, and FreeCodeMap. What better time to pick up a new skill that can help you earn a living?

Delivery Jobs

Since many people are still sheltering in place, supermarket fresh delivery jobs are booming. Two places to inquire are Walmart and Amazon Fresh. All you need is a driver’s license and an ID. Food industry drivers are also in high demand. Check out Postmates, Uber Eats, Grub Hub, and Door Dash. Customers pay for their meals online or over the phone. All you have to do is leave the food on the front porch; the same is true for supermarket fresh deliveries. This way, you won’t have to interact with people face-to-face. Both of these are great interim jobs until you return after a furlough and/or get full-time employment. Plus, getting out and about just might do you a world of good.

Translator

Do you speak a foreign language? If so, this industry is ripe with possibilities. Plus, you can work at home (or anywhere) online and create your own schedule. Here are a few sites to look into: Gengo, Language Line, and Verbalizelt.

With all these industries that have grown in the past few months (and will continue to grow), it seems as if there should be plenty of job opportunities to go around. However, the key to landing a part-time job is persistence. Keep on keeping on. Never give up! There’s something out waiting for you.

Sources

https://www.salary.com/passages/recommended-part-time-jobs-during-coronavirus-outbreak/2/

https://www.creativebloq.com/web-design/online-coding-courses-11513890

How to Stay Productive When Working from Home

Due to the unprecedented effects of COVID-19, the line between our professional and personal lives has blurred. Trying to take care of job responsibilities from home requires new ways of navigating. Here are a few ideas to help you become more productive while working at home – and stay grounded in these uncertain times.

Dress for Work

As tempting as it might be to stay in your pajamas, don’t. Act as if you’re going into the office: shower put on your work clothes and head to your desk. You’ll feel more focused and professional. According to Heather Yurovsky, founder of Shatter & Shine, one should not underestimate the power of putting on clothes suitable for public viewing. “It makes you feel human, confident and helps draw the line between being at home and being at work,” she says.

Create a Dedicated Space

While working from the kitchen table or couch in your living room might be more comfortable, it also might prohibit your productivity. Set up a home office. Get an extra monitor. Make sure you have a dependable internet service. In short, replicate a professional workspace as best you can; one that feels separate from the rest of your home. When your surroundings are more in line with a real office, you’ll be more motivated. Plus, you’ll be able to more easily turn on when your day begins and turn off when it’s over.

Set Up a Plan for the Kids

Even though school’s out, chances are you still have to work. Create a schedule for the kids. Carve out certain hours for activities in designated areas of the house. According to Emily Weinmann of Us Happy Four, one of the best ways to keep the little ones occupied and happy is to prepare activity stations. Another great idea is to prepare snacks the night before and put them in your office, in the fridge or in their rooms. When someone is starving, the snacks will be ready. And finally, relax screen time. When you’re stuck at home and it’s either raining or it’s scalding hot outside, you’ll be grateful for technology.

Keep Regular Hours

If you stick with regular hours, you’ll not only be able to seamlessly transition going back into the office, you’ll also be on the same schedule as your colleagues. Everyone will be working concurrently, so you’ll be more efficient, easier to reach, and productive. When lunchtime comes, leave your home office and eat in the kitchen, the patio or the backyard. Even though you’re in one place, the simple change of venue will be mentally refreshing.

Set Clear Boundaries

This is especially important if you have other humans in your home. Try your best to discourage intrusions. When you’re in a meeting, shut the door. Lock it if you have to. If your home is more open, put signs in strategic places where people frequent, like the entry to the kitchen or stairs to the basement. This way, they’ll pause and reflect on whether an interruption is really necessary.

Limit Your Intake of News

In a society that’s saturated with news at every turn, it’s tough not to get sucked into the latest tragedy. Be intentional: Turn off the TV during work hours. Don’t visit news sites when you’re at the computer or on your phone. If you feel you must have a bit of news to break up your day, tune in for a few minutes during lunch or in the evening. But even then, be judicious and limit your time. If some story sends you over the edge, turn it off and head outside for a walk. Change the channel. Put on your favorite music.

These days, we’re all doing the best we can, taking life one day at a time. Unless you already work from home or have made a decision that you’ll work from home for the rest of your life, remember that things will change.

Sources

https://www.themuse.com/advice/coronavirus-work-from-home-tips

https://www.forbes.com/sites/bryanrobinson/2020/03/14/9-tips-to-be-productive-when-working-at-home-during-covid-19/#2af81a845a38

https://www.todaysparent.com/family/family-life/working-from-home-with-kids-coronavirus/

Six Industries Hiring During the Shutdown

Six Industries Hiring During CoronaVirusDuring the government shutdown as a result of COVID-19, sadly, millions have lost their jobs. However, there is a silver lining: there are some industries that, because of the shutdown, are actually hiring. Here are a few leads to help those who might have been affected.

Shipping and Delivery

This industry is hiring at what seems like warp speed. It’s reported that Amazon has created 100,000 jobs, specifically for fulfillment and delivery. UPS is hiring, as are courier services. Search “courier services hiring near me” to find opportunities. You might be surprised by what you find.

National Retailers

In addition to Amazon, there are other giants that are hiring, including CVS, Kroger, and Walmart. See the entire list here. The National Retail Federation also has a good list, which includes GE Healthcare, The Home Depot, and Instacart (the latter is a big one, as many don’t want to darken the doors of grocery stores). Access everything here.

Online Learning Companies

Now that scores of kids are at home, teachers are in demand to assist with online learning. Outschool is hiring thousands of teachers. GetEducated is also a great resource for finding a list of companies that are looking for online teachers. And if you’ve always wanted to be a teacher, now’s a good time as any because you can earn online credentials. The world always needs great educators!

Remote Meeting and Communication Companies

Since many companies must conduct business remotely, outfits such as Zoom, Slack, and Microsoft Teams are hiring. Furthermore, since aspects of COVID-19 are still unfolding and may require a longer stint of working at home, these companies could be hiring for a good while, meaning this burst of openings might not be just a flash in the pan.

Childcare

Now that many parents are working from home, they still need childcare. Though our situation changes daily, the California governor announced that schools likely won’t open before fall. Think about opening up your home with affordable, flexible options. It could become a whole new business for you.

Healthcare

While this might not be the first choice for some, it is a sector that’s hiring, not surprisingly. According to an article on LinkedIn, healthcare job postings spiked 35 percent compared to just a few months before the shutdown. Demand is intense in New York and New Jersey. However, California, Florida, Texas, and Arizona are growth markets as well. Check out your local hospitals or freestanding care clinics.

Think Outside the Box

Right now during a pandemic, there’s no shame in taking a job for which you might not be a perfect fit, or even overqualified. Money is money. However, if you feel you need to learn skills for a particular job or if you want to learn something new just because, now is the time to do so. Want to learn to code? Try your hand at the GRE? Pick up an online credential? There’s no time like the present. Go for it!

Sources

https://www.themuse.com/advice/industries-hiring-during-coronavirus-outbreak

https://www.fastcompany.com/90478987/who-is-hiring-during-the-coronavirus-try-these-industries-if-you-need-a-job-now

https://wccoradio.radio.com/articles/radiocom/list-of-companies-hiring-during-the-covid-19-outbreak

https://www.forbes.com/sites/advisor/2020/03/31/websites-to-find-work-from-home-jobs-hiring-during-the-covid-19-crisis/#26d899d23c43

https://www.cnbc.com/2020/04/03/these-companies-are-hiring-right-now-even-amid-the-coronavirus-pandemic.html

4 Financial New Years Resolutions You Can Actually Keep

4 Financial New Years Resolutions You Can Actually KeepBelieve it or not, it’s 2020. You’re not just starting a new year, you’re entering a new decade. With this in mind, you might want to make some resolutions that focus on your finances. According to  Psychology Today, 80 percent of resolutions fail by February. If you’re thinking about dieting or eating better, this isn’t very encouraging. However, when it comes to your money, there are some changes you can implement now that will have staying power and won’t be forgotten by spring.

Review Your Credit Report

This is important for your financial future in many ways, particularly if you want to buy a house or a car (and that’s just for starters). If you need to make some repairs to your score, the new year is the best time to do this. Better still, you’re entitled to three free reports each year. Check it out. See how you’re doing. You’ve got nothing to lose and everything to gain.

Get Out of Debt

This might be easier said than done, but it’s absolutely possible. One very helpful tool is Unbury.Me. It’s free and easy to use. Just create an account and map out a payment plan that works for you. If you want to wipe away your debt quickly, there’s the avalanche method, which attacks the highest interest rate debts first, then moves to the second highest and so on. But this isn’t the only solution. There’s another tool that actually uses your purchases to help you pay down debt: Qoins. Here’s how it works. You round your purchases to the nearest dollar, then apply the cash to your debt, i.e. student loans or credit cards. So, in essence, you can go on living your life while shrinking your debt.

Evaluate Your Insurance and Disability Insurance Needs

As you age, your insurance needs change. Think about how much protection you really need. For example, would you be better served by term or permanent life insurance? What about disability insurance? For the latter, make sure you have enough coverage. Life happens. It’s always best to be prepared.

Refresh Your Retirement Savings

If you work for a company that offers 401(k), 403(k) or 457 plans, consider asking your employer to withhold enough through salary deferrals to make sure you reach the maximum limit each year. If you’re over 50, you can raise the amount to make catch-up contributions. If you’re self-employed, you can contribute to a SEP IRA, profit-sharing plan or independent 401(k) plan. Making retirement deductions from your paychecks, especially when they’re maxed out, might take a bit of getting used to. But once you’ve retired, you’ll be very glad you had the foresight to act now.

Truth is that the above resolutions are just the tip of the moneyberg. You can go deeper into each area. If you want further assistance, consult a financial planner or your accountant. But the biggest takeaway from all these suggestions is simple: begin now, or as soon as you can. When you’re making the most of your money today, you’re working toward a more secure tomorrow.

Sources

https://www.investopedia.com/articles/pf/06/newyear.asp

https://www.psychologytoday.com/us/blog/modern-mentality/201812/why-new-years-resolutions-fail

https://www.investopedia.com/terms/c/catchupcontribution.asp

https://www.nbcnews.com/better/business/4-tech-tools-help-you-get-out-debt-faster-ncna828351

https://www.transunion.com/article/3-free-credit-reports

https://www.investopedia.com/terms/t/termlife.asp

https://www.investopedia.com/terms/p/permanentlife.asp

https://www.investopedia.com/terms/d/disability-insurance.asp

https://www.investopedia.com/terms/s/sep.asp

https://www.investopedia.com/terms/p/profitsharingplan.asp

https://www.investopedia.com/terms/i/independent_401k.asp

Practicing Gratitude: A Look Back at 2019

It may be hard to believe, but the end of the year is upon us. During this time, many of us might reflect on the year and tally up the good and the bad, the pros and the cons of the past 12 months. In a society that focuses on success and getting ahead, probably the most common thing to do is zero in on what you didn’t accomplish, or what went wrong. But science tells us that if you’re smart, you’ll look back with gratitude. And the best news is: it’s good for our health.

Gratitude Changes Your Brain – For the Better

When you give thanks for positive things in your life and show appreciation, it literally changes the structure of your brain, according to UCLA’s Mindfulness Awareness Research Center. It keeps the gray matter functioning and causes synchronized activation in multiple brain regions, lighting up parts of the brain’s reward pathways and the hypothalamus. It’s kind of like an anti-depressant: it boosts neurotransmitter serotonin and causes the brain stem to produce dopamine, a chemical that mediates pleasure in the brain. In short, thinking about what you’re grateful for is kind of like free therapy.

Make a List of Your Successes

So now that you know how gratitude works, make a list of what you’ve accomplished this year. It doesn’t have to be big and dramatic; for instance: you ate at home more often. You decided to recycle. You drank more water. However, if you got a promotion and raise, by all means write it down and feel good about it. Besides, there’s more that happens: when you’re feeling grateful, you generate higher levels of activity in your hypothalamus, the area which controls a large array of essential body functions, like eating, drinking and sleeping. According to the National Institute of Health (NIH), this activity prompts you to exercise more, get better sleep and, best of all, decreases depression and bodily aches and pains. How’s that for some motivation to put pen to paper?

Keep a Journal for Next Year

As you can see, being grateful is beneficial, both mentally and physically. So why not keep a journal for the upcoming year? It doesn’t have to be fancy. Granted, a journal helps organize your thoughts and can be your go-to source should you start feeling down. But practicing gratitude can be as simple as jotting down your thoughts on a sticky note and posting it on your mirror. Another way to do this is to pick a gratitude buddy. When you think of something you’re thankful for, text or email a friend. Don’t worry about it sounding right, just do it! Chances are, it’ll not only make you feel better, it might brighten your friend’s day, too.

Just Look for Positive Things

According to Dr. Alex Korb in his book “Upward Spiral,” the simple act of seeking things to be grateful for has as much if not more benefit than the things you are actually grateful for. Korb says that the search “forces you to focus on the positive aspects of your life. This simple act increases serotonin production in the anterior cingulate cortex.” This area of the brain not only regulates blood pressure and heart rate, it’s also responsible for decision making and evaluation processes. Serotonin is good stuff: it’s known as the happy chemical. See how good this gratitude thing is?

So, in the coming year, if you start feeling blue and negative, here are some quick remedies:

  1. Look in the mirror and name five things you like about yourself.
  2. Write someone a thank you note.
  3. When something bad happens, think of something good that’s happened.
  4. Give someone a compliment. The act of giving is soul-nourishing: to give is to receive.

Here’s to looking back and feeling good, then moving forward with positive vibes!

Sources

https://thriveglobal.com/stories/how-gratitude-actually-changes-your-brain-and-is-good-for-business/

https://www.news-medical.net/health/Dopamine-Functions.aspx

http://ebooksdownloadfreeed.blogspot.com/2016/04/the-upward-spiral-pdf-free-download.html

https://www.alleydog.com/glossary/definition.php?term=Anterior+Cingulate+Cortex

https://www.medicalnewstoday.com/kc/serotonin-facts-232248

5 Ways to Save on Holiday Gifting

Save on Holiday Gifting, Save GiftBelieve it or not, the holidays are right around the corner. And try as you might, overspending is real – whether you plan ahead or wait until the last minute. With this in mind, here are a few ways to get a handle on spending and save money on gifting.

Set Limits. Decide how much you’re going to spend overall on holiday gifts and how many people you’re buying for. Then do the math. For instance, you might want to spend $250 for 10 people. That’s $25 per person. However, there might be those you want to spend more on, which is perfectly understandable. But you can get into trouble when you buy your sister an expensive sweater and then feel like you need spend just as much your brother, mother or aunt. Spending sprawl sets in and it’s a runaway train. One way to avoid this situation is deciding before you shop how you’ll divvy up the amount you’ve set aside. While the holidays are special, remember that your family and friends also have birthdays, which means you don’t have to throw down a big chunk of change in one fell swoop during this time of year.

Shop Thanksgiving Weekend. Believe it or not, Thanksgiving Day has historically been the best time to find bargains. And you don’t have to leave your turkey dinner and run to the mall, unless you want to (read: uncomfortable family dynamic). The good news is that, on this day of carb overload, you can also find great deals online. If you miss the sales on Thanksgiving, you can always hit Black Friday and Cyber Monday. Black Friday, if you can stand the crowds, yields serious savings. And the beauty of Cyber Monday is you can shop from your favorite chair in your PJs, if you want.

Buy Gifts for Kids at Cheaper Stores. While adults might appreciate a brand name gift from, say, Neiman Marcus, kids really don’t care. Look online at Hollar.com for some great deals, as well as at discount stores like Walmart and Kmart, where you’ll find some big markdowns on popular gifts. The truth is, you don’t have to pay full retail prices from fancy stores for gifts that will surprise and delight the little ones.

Make Your Own Gifts. If you’re a craftsperson, handmade gifts always touch the heart: quilts, paintings, photographs, jewelry, bath and body products and so on. If you’re not so crafty, then going to holiday fairs are a good way to select handmade gifts. Etsy is another great place to find handcrafted items. Food is also a heartfelt gift to make and give, especially for the person who has everything. No matter what you choose to make, chances are you’ll save big time.

Give Secondhand Gifts. The key to giving this sort of gift is knowing where to shop. Good places to check are thrift stores and used bookstores, where you can find gently used clothing, board games, jewelry, books and even CDs and DVDs. Just make sure to check for rips or tears that might be unsightly. If you don’t want to make the trek, eBay is great for people who are collectors. Amazon even has items that are used. Just check to see if there’s a link that says “used and new offers” on the page of the product you’re looking for. All of the aforementioned resources can be treasure troves for terrific, affordable finds.

While it’s the spirit of giving that the holidays are all about, saving when you’re gifting might be one of the best gifts of all.

Sources

https://www.simple.com/blog/how-to-save-money-on-holiday-presents

https://www.moneycrashers.com/ways-save-money-holiday-gifts-friends-family/

https://www.dealnews.com/features/Thanksgiving-Day-Will-Top-Black-Friday-for-the-Best-Deals/857586.html

How Parents Can Save Money for College-Bound Kids

How Parents Can Save Money for College-Bound Kids, College SavingsNo matter how old your children are, it’s always a good idea to start saving for college as soon as possible. (Yes, even when they’re still in diapers.) This might sound overwhelming, especially if you haven’t started, but take heart, it’s never too late. Here are a few things to do before you start saving, as well as smart ways to gather the resources you’ll need.

Figure Out How Much College Will Cost

Is your child interested in a state school? A small private university? Or a trade school? Create a list of schools, do the math and figure out a ballpark number of how much you’ll need. When you do this, you can calculate how much per month or year you need to set aside. The truth is that state schools are generally a lot less expensive. However, because private universities rely heavily on private donations, they also have a healthy number of scholarships available. If your child is more interested in a trade school, these can be even more affordable, depending on what they want to study.

Create a Long-Term Spreadsheet for All Your Expenses

You may want your children to go to college, but that’s not the only goal for a family. There’s saving for your own retirement, paying your mortgage and credit card bills. You’ll also want to save for emergencies. A good rule of thumb is to save up for three to six months of expenses. All of this might sound tough, but if you create a priority list, it’s absolutely possible.

Start an Education Savings Account (ESA)

Also known as an Education IRA, this fund allows you to save $2,000 (after taxes) per child, per year. And here’s the best part: it grows tax-free! You’ll also most likely earn a higher rate of return than you would with a regular savings account. But know this: you must be within the income limit to qualify; contributions are limited to $2,000 a year; and the money must be used by the time your child is 30.

Consider a 529 Plan

If the ESA sounds too limiting or you don’t meet the income limits, then a 529 Plan is a great option. You can contribute up to $300,000, but this varies by state. What’s more, most of the time there aren’t any income limits or restrictions based on age. And again, the cherry on top: it grows tax-free. But something to be mindful of when you’re shopping for a plan is whether you want to choose the funds you invest in through the account. Some 529s offer preselected funds or automatically change your investments based on the age of your child. Also, restrictions may apply if you choose to transfer your 529 Plan to another child.

Look into a UTMA or UGMA

Otherwise known as Uniform Transfer/Gift to Minors Act, this option is different because it is not created just for college savings. The account will be set up in your child’s name, but it will be controlled by a custodian, which is usually a parent or grandparent. When your child turns 21, the control of the account transfers to the child. While there are tax advantages for you, a significant downside is that your child can use the funds any way she wants. (College or trip to Vegas?)

Saving for college, especially these days, might seem daunting. But it’s not impossible. In fact, if you chart a course and stick to it, you’ll be in good shape when those little ones of yours become all grown up.

SOURCES

https://www.daveramsey.com/blog/saving-for-college-is-easier-than-you-think

https://www.daveramsey.com/dave-ramsey-7-baby-steps?int_cmpgn=no_campaign&int_dept=dr_blog_bu&int_lctn=Blog-Text_Link&int_fmt=text&int_dscpn=saving_for_college_blog-inline_link_baby_step_5#baby_step_5

5 Money-Saving Ideas for Back-to-School Shopping

Just when you’ve finished spending a bunch on swimsuits and stuff for grilling out, summer’s over and it’s time for the kids the head back to school. How did this happen? Here are some ways to cut expenses while shopping for all those inevitable, seemingly never-ending things that the season demands.

Create a Budget

This might seem like a no-brainer, but it’s worth mentioning and well worth it before you enter headlong and breathless into the frenzy of a superstore. Make a list of the things you need before you leave the house, then let your fingers do the walking and check prices online. If all this seems daunting, never fear, there’s an app to help: EveryDollar. It will walk you through all the steps you need to make a budget and stick to it.

Use Money-Saving Apps and Websites

In addition to store-specific apps, here are some others to check out before you race out the door. Hollar, known as the online Dollar Store, even has a Back-to-School section. ShopSavvy is an app with a barcode reader that lets you scan and compare prices, both online and locally. Flipp allows users to check ads and coupons from their favorite stores. And there’s also Groupon and Amazon, both of which are always great options.

Sign up for Store Emails

As much as you might not like sharing your email, this is one of the smartest things you can do –  especially when the seasons change. In fact, many stores send out weekly emails. If this gets too burdensome, set up a separate folder for them. But remember this: sometimes stores dangle carrots to get you in. They often offer free things with a purchase that you just can’t say no to, such as fresh-baked cookies or free next day delivery when you pass a threshold of spending. So keep your eyes on the back-to-school prize and you’ll be golden.

Consider Used or Refurbished Items

Those necessary gizmos like computers and calculators can be pretty pricey when new. That’s why seeing what you can buy pre-owned or refurbished is such a good idea. Check eBay or Craigslist for deals, as well as major retailers like Apple or Dell for reconfigured electronic items. You might be surprised what you find.

Leave the Kids at Home

Whether it’s those little hands that put things in the cart or sweet, pleading smiles you can’t resist, it’s a fact: bringing your progeny along when shopping will drive up the cost. Set out on your own so that when you come back, they’ll be thrilled that you bought them a bag full of goodies. You’ll be happy and so will they.

These are just a few of the ways to keep your sanity and stay on budget while back-to-school shopping. If you choose one or all, when it comes to spending, you’ll be way ahead of the crowd and might even earn yourself an A+.

Sources:

https://www.daveramsey.com/blog/back-to-school-budgeting

Healthcare Reform Update

Healthcare Reform Update

The Affordable Care Act (ACA) – also known as Obamacare – was not the perfect solution to the nation’s need for affordable healthcare, but it did increase the availability of quality, affordable healthcare for small businesses. Companies that had struggled for years – not only to find affordable health insurance for their workers but also to negotiate double-digit premium increases every year – were relieved to have choices and manageable premium rate increases.  Following Trump’s inauguration, Republican attempts to repeal the ACA without providing an alternative solution recreated the nightmare for many small firms. The administration’s ultimate failure to kill Obamacare ended up being a relief for many entrepreneurs and small business owners, but many issues remain unresolved. Healthcare Reform.

Business owners see the need for a bipartisan effort to develop realistic and affordable solutions, which would enable the small business sector to thrive and continue to fuel our nation’s economic growth. Here are some of the concerns that leaders have identified:

  • A recent report from the Congressional Budget Office on the fiscal impact of the Federal government yanking the cost-sharing subsidies that support the ACA marketplaces (a revision that would most likely occur if Republicans continue to gut the ACA) suggests that insurance premiums for small businesses would increase an average of 20 percent next year growing to a 25 percent increase by 2020. Although the Federal government is required by current laws to pay these subsidies, President Trump has indicated he wants to stop these subsidies by any means possible as part of his mission to dismantle the ACA. The CBO has calculated that the potential economic impact on the federal deficit could be as much as $194 billion, because a move like this would require consumers to obtain additional tax credits to offset their premium payments.
  • The elimination of cost-sharing subsidies would likely lead many insurance companies to exit the individual insurance market, and could disrupt the health insurance marketplace and leave small business owners with limited access to affordable health insurance options.
  • Small business advocates oppose the introduction of any measures that would result in separate risk pools for the healthy and the sick, and want to see measures to encourage businesses to establish association health plans.
  • Sector leaders want to see steps taken to expand Medicaid. ACA already had provided coverage to an additional 14 million previously uninsured Americans – a total that includes an estimated 2 million small business employees.
  • Entrepreneurs want to see healthcare tax equity measures in place for the self-employed to allow them to deduct healthcare expenses from FICA tax obligations.

The small business segment is hailed as the champion of job-creation in the United States. If it is to continue in this vital role, lawmakers must expand efforts to do more to reform healthcare insurance.