Posts tagged disability benefits
Portable Benefits Win in Six More States
June 24, 2026 // A company willing to contribute toward benefits risks having the independent contractor reclassified as a traditional W2 employee, which brings new tax obligations, wage rules, and liability. Faced with that risk, most companies contribute nothing. Independent contractors are left to pay for benefits on their own, and many go without, with no safety net if they get sick, lose work, or grow old without savings. Portable benefits laws cut that knot. They establish that a voluntary contribution to a worker’s benefit account does not make the worker an employee. The account under this framework belongs to the worker, rather than the company, and follows them from one contract to the next. Contributions can fund health coverage, retirement savings, paid leave, disability protection, and emergency income, the protections a traditional job provides.
Tennessee Supports Independent Workers
April 7, 2025 // A portable benefits account is designed to empower contract and freelance workers by helping them save for key benefits such as health insurance, income replacement, retirement, and disability insurance. These accounts are owned by—or legally tied to—the worker and remain with them as they move between jobs, industries, or locations. This portability gives independent workers the flexibility and security they need to thrive. This year, Senator Bo Watson sponsored SB1377, accompanied by Representative Charlie Baum’s HB494, which allows any person or entity to contribute to a worker’s portable benefits account. The legislation includes three key protections
Worry over rail strike prompts businesses to seek White House intervention
October 28, 2022 // Businesses are increasingly worried about the renewed threat of a railroad strike after two unions rejected their deals, and they want the Biden administration and Congress to be ready to intervene. A coalition of 322 business groups from a variety of industries signed off on a letter to President Joe Biden Thursday urging him to make sure the deals he helped broker last month get approved because a railroad strike would have dire consequences for the economy. All 12 rail unions must approve their agreements to prevent a strike next month.