National

Small Business Majority submits comments on proposed changes to HRAs

On December 26, Small Business Majority submitted comments to the U.S. Departments of the Treasury, Labor and Health and Human Services regarding proposed changes to regulations governing the use of health reimbursement arrangements (HRA). The comments argued that HRAs should not be expanded to allow for use in purchasing coverage through association health plans (AHPs) or short-term insurance plans, as these plans do not offer quality coverage and destablize insurance marketplace for other small business owners and their employees. 

2018 Year in Review

We are proud of our work this year serving small businesses and independent entrepreneurs. As we prepare to expand this work in 2019, we’re taking time to reflect on our successes over the last year. 

This was certainly a year of expansion for Small Business Majority. We worked hard to bring new resources to underserved communities and supported new policies that will benefit small business owners. Here are six of our biggest accomplishments in 2018: 

The FAMILY Act: What Small Businesses Need to Know

Sponsored by Sen. Kirsten Gillibrand (D-N.Y.) and Rep. Rosa DeLauro (D-Conn.), the proposed Family and Medical Leave Insurance (FAMILY) Act would create an insurance program enabling workers to take up to 12 weeks of paid time away from work in order to care for a loved one or bond with a new child.

This document is intended to answer any questions small employers might have about the proposed program and its effects on small business owners and their workers.

Small Business Financing 101 Videos

Our educational video series, Small Business Financing 101 & Small Business Retirement 101, provides quick answers to several frequently asked questions about accessing capital and saving for retirement.
The videos feature short 2-3 minute tutorials on topics such as key questions to consider before taking out a loan, the pros and cons of online lending and common workplace-based retirement plans. 

What small business owners and freelancers need to know about getting covered for 2019

Open enrollment to purchase health insurance plans for 2019 through the Affordable Care Act (ACA) individual marketplaces has started. This open enrollment season, we are partnering with Fiverr and Postmates to highlight the importance of enrolling and share important resources to help you get covered. Fiverr, Postmates and Small Business Majority are coordinating marketing and educational efforts to engage independent workers, remind them of important deadlines and promote resources that can help you navigate your options.

Are you ready for Small Business Saturday?

This Saturday, November 24, is Small Business Saturday! It’s a great occasion to kick off your holiday marketing and get customers in the door. While small businesses may not have access to expensive marketing gimmicks, you can make up for it in creativity and excellent customer service, and utilize the many resources available to small business owners.

Small Business Majority submits comments to the OCC regarding the Community Reinvestment Act

On November 14, Small Business Majority submitted comments to the Office of Comptroller of the Currency regarding a proposed rule amending regulations for the Community Reinvestment Act. The letter provides feedback and suggestions to strengthen the proposed rule in order to better stimulate small business lending. 

 

Small Business Majority CEO John Arensmeyer testifies against association health plans

Small Business Majority CEO John Arensmeyer testifies before the U.S. House Subcommittee on Health, Employment, Labor, and Pensions on how the U.S. Department of Labor's proposed changes to association health plans could hurt the small group market for health insurance. 

Small Business Majority voices opposition against Short-Term, Limited Duration Insurance

Small Business Majority voiced opposition against the proposed rule change that would permit insurers to sell “short-term” health insurance plans that provide coverage for up to 364 days, well beyond the three months currently permitted by the Affordable Care Act. Short-term health insurance is meant to fill a gap in an individual’s coverage in the instance of job loss or other life change. These plans are not required to cover essential health benefits like prescription coverage or mental health treatment.

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