CalSavers . . .The Obamacare of Retirement in the State of CA
July 7, 2021
Hosted by Frank Helring
They say that words have meaning. My show today is again like turning the clock back to a different era when health insurance was structured more with the employer in charge and not the government/ medical community. Enter the word . . . Mandated. The synonyms of this word are quite startling, because they depict something other than what the politicians intend in their rhetoric that they purvey upon us all. Mandation is another word for command, decree, order, dictate. In the early 1970’s (HMO Act of 1973) during my insurance career, my secretary walked into my office and informed me that Washington, DC was on the line to speak to me. My agency had a good deal of group medical business on the books and Congress had recently passed legislation to fund Federally Subsidized Health, now commonly knows as HMO’s. I was going to be sent a roster of companies within a certain geographical areas of employers/companies with 25 or more employee’s to contact and relay to them this alternative in healthcare delivery and I was given the authority of “Mandation” to the extent that they MUST MEET WITH MY AGENTS. Fast forward to 2021 that incursion into the benefits realm of employer entities has now grown to a national healthcare infrastructure known as Obamacare. The Supreme Court now for the 3 time has ratified that healthcare in America and it appears that the argument for elimination has now faded into the sunset of failed attempts to remove it. There is an old saying that “Salary Attracts and Benefits Retain”. This is a truism in Employee interface and up until now has been left to the discretion and generosity of the employer in providing these benefits to his/her employee workforce. Not any longer. Today, my guest and I will be exploring a new move in the State of CA known as CalSavers. This is now a mandated regulation that will require all employers by June of 2022 to comply with the procurement of a retirement platform for their employee’s whether they like it or not, eventually down to 5 employee’s or more! You don’t want to miss this show as we will be dealing with another decree from Sacramento that less than 1% of the Small Businesses in CA are informed about. What you don’t know, can be devastating! Join us as we uncover what is on the horizon for ALL Small Businesses in the State of CA! Mandated . . . do you like that word?
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BizZne$$ BuzZ is all about your business. Small business is in trouble and they have been as far back as the “rocking” that occurred in 2008. The 14.2 percent loss of many brick and mortar small businesses happened by the year 2015 (source, NFIB 2015 Report). Already being squeezed by Internet predators, like Amazon, E-Bay, etc. They are literally sucking the life out of small businesses by customer and profit “siphoning.” B2B Networking Groups and social media disappointments abound.
Small business needs a “counter” to these E-commerce tsunamis and that mechanism is the power of UNITY, RELATIONSHIP and the Law of RECIPROCITY. This is an EDGE that is a non-compete. The “perfect storm” of shut down/customer distancing, lack of capital and uncertainty are the devastating effects of COVID19 disruption.
Our mission is to provide your business the boost that it needs to recapture your personal visions, rejuvenate your operations and to bring about a platform that represents your interests.
Frank Helring is the CEO and Founder of TheHubmartLLC. He is an established executive with over 45 years of service encompassing Christian ministries, private/corporate insurance, public/philanthropic enterprises and private equities sectors.
His past tenures include owning his own General Insurance Agency from October 1977 to 1991, serving as an Executive Director with World Vision of Orange County from 1994 to 1998 inclusive as a President and CEO of a community-based organization.He has served as President of JMS Consulting Group 2004-2006, a private equities firm in Los Angeles during which time he personally consulted to the VP of Benefits of the legendary NFIB.com on “Boutique” Membership programs and Association negotiating levels of involvement. He and his wife have owned Allure Med Aesthetics, Inc. a medical aesthetics practice, since 2013. Most recently, he is currently involved with revolutionary firms engaged in accelerating the emerging “opportunity commercial marketplace” and cutting edge medical regeneration technologies.
Frank resides in Mission Viejo, with his wife Rhoda. His combination of grassroots community involvement, strategic relationships formation and continued success as a visionary corporate entrepreneur distinguish him as an invaluable asset to the small business community at large.