Health insurance is expensive here in Arkansas just as it is everywhere else in the country. In fact, health insurance is so expensive that approximately 17% of the citizens of Arkansas have no health insurance coverage at all, and with prices continuing to rise and more and more companies cancelling their group coverage, the situations promises to get worse before it gets better.
If you have been trying to purchase health insurance but you’ve been turned down or told you will have to pay extraordinarily high rates because of a pre-existing condition or for other similar reasons, there may be a solution for you.
It’s called the Comprehensive Health Insurance Pool, or CHIP. This is a special program created by the state of Arkansas. You do not need to be poor to qualify for coverage. If you’d like more information you can find it at http://www.chiparkansas.org.
Fortunately, for those of us who do not qualify for CHIP insurance, there are a few things we can do to keep the monthly cost of our health insurance affordable – although it may be necessary to think about health insurance in a whole new way.
But before we do that let’s look at a few simple things you can do to lower your monthly premium. Let’s start with your copay – the amount of money you pay out of your own pocket every time you visit your doctor’s office or have virtually any medical care. Typically your copay may be 20% or 25%. If you can afford to increase your copay to 50% you can save considerably on your monthly insurance premium.
This strategy obviously works best for people who do not see their doctor on a regular basis.
If you smoke, stop. If you are overweight do everything humanly possible to lose at least a few pounds. Smoking and being overweight can add considerably to the cost of your health insurance.
If this strategy isn’t enough, then consider increasing your deductible. Go over your finances carefully in order to determine just how much you can actually afford to pay each year for your own health care needs. The more you can pay out of your own pocket – in other words the higher your deductible – then the lower your monthly health insurance premium is going to be.
If you own a home, or if you have a savings account or if you have any other assets that you are counting on for later in life, then it is vital that you have some form of health insurance. The reason for this is because just one accident or one major illness and you could amass medical bills in the tens of thousands or even the hundreds of thousands of dollars in less than the blink of an eye.
In such a case you could lose your home, your life savings and any other assets you have worked so hard to accumulate.
The answer for many people is what is known as an ultra-high deductible health insurance policy. These are policies with a yearly deductible of $2,000 or even $3,000. In a normal year these policies will never pay one penny toward your health costs – you will foot your health care bills as if you didn’t have any health insurance at all.
Why would you buy such a policy then? Because a super-high deductible policy is very inexpensive and if you do have a catastrophic accident or you suffer a terrible illness, this high-deductible policy will pay those tens of thousands or even hundreds of thousands of dollars in medical costs, saving your home and your other assets.
Whatever your decisions regarding copays, deductibles, smoking and weight that you’ve made, now is the time to go online and make comparisons between various policies and insurance companies and look at their prices side-by-side.
Don’t make the mistake of thinking you can just makes comparisons on one website. Each site only compares a few companies. If you want to see the rates of all the different companies you will have to make comparisons on at least 3 different websites. It’s more time and effort to do that, but the result is that you will know once and for all that you really did get the best rates on health insurance in the state of Arkansas.
Whatever you do, do not drive in the state of Arkansas without car insurance. If you are caught the penalties are so severe that you might not be able to afford to drive again for up to three years.
Instead, let’s look for ways to reduce your car insurance premium to the point that you can actually afford to pay it and you can drive the roads of Arkansas without having to worry every time you see a police car.
Let’s start with you. It’s up to you to drive safely and to obey all traffic laws all the time. If you get a traffic ticket or a speeding ticket or if you are convicted of Driving Under the Influence (DUI) or convicted of Driving While Intoxicated (DWI) you can kiss those lows insurance rates good-bye for three years – or even longer.
Don’t drive a fancy muscle car or a fast sports car. It might make you feel good to drive the biggest, fanciest, most expensive car on the block – that is until it’s time for you to pay your car insurance month after month after month.
Drivers who are under 25 should stay in school and get good grades. If you can maintain at least a 3.0 grade point average you can qualify for a Good Student Discount that can save you anywhere from 5 to 15% on your insurance month in and month out.
Older drivers should check with their insurance agent about the possibility of taking a special driver’s refresher course. Not all insurance companies offer this course, but if you qualify for the course and you pass it, the savings on your premium each month can be substantial.
Don’t insure worthless cars. Check the Kelly Blue Book to see if your car still has any value. If it doesn’t then there’s really no point in paying for collision or comprehensive coverage since the most your insurance company will give you for your car is the Kelly Blue Book value.
Now sit down and go over your finances very carefully. What you have to determine now is how much you can afford to pay for the repair of your own car if you should have a claim. The more you are willing to pay – in other words, the higher your insurance deductible – then the less your insurance company will charge you each month in premiums.
O.K. Now you’ve taken the steps you can toward lowering your car insurance bill so it’s time to get online and see what you can find when running comparisons between different car insurance companies. Pick 3 comparison websites and fill out the forms on all three. In this way you will be certain to get comparisons on all of the car insurance companies in Arkansas.
Arkansas has a computer system in place that keeps track of the insurance coverage of every registered vehicle in the state. If your insurance coverage ceases for any reason and you do not replace that policy with another one immediately, the state is notified and your car’s registration is in danger of being revoked.
In other words, don’t drive a vehicle on any public road in Arkansas without first purchasing insurance coverage.
This means it is important for many people to get cheap automobile insurance online in Arkansas. But don’t just jump online blindly, thinking you’re going to find the best rate. Before you get online there are a few things you need to consider and a few decisions you need to make that can greatly affect how much you pay for your automobile insurance each month.
If you are thinking of buying a new car, check with your agent first. Some new cars can cost considerably more to insure than others; make sure you can afford the monthly insurance bill before you purchase something that could turn out to be over your financial head.
Your driving record can impact your car insurance rates more than probably anything else. It’s up to you how you drive, but keep in mind that even one speeding ticket or one moving violation can increase your automobile insurance for up to three years.
And a DUI (Driving Under the Influence) or a DWI (Driving While Intoxicated) conviction can send your rates through the roof for a minimum of 3 years and quite possibly longer – not to mention the court costs and fines!
If you are under 25 you are considered a bad driving risk and your insurance rates will be higher. You can knock down your rates by at least 5% and sometimes more simply by staying in school and getting at least a “B” grade point average – this will result in your receiving a Good Student Discount.
Older drivers, those 55 and older, have a way to save an average of 10% on their premium each month. Many companies offer a driver’s refresher course. If your company offers such a course, and you pass it, you can start saving on your premium month after month.
Don’t insure a car with no Kelly Blue Book value for collision or comprehensive because your insurance company won’t pay on any claim even if you do pay for the coverage as they only pay on a claim up to the Kelly Blue Book value of a vehicle.
Now we come to your deductible. This is where most people fiddle around with their savings. Increasing your deductible is a trade-off and you need to seriously look at your finances and decide how much you can afford to pay out of your own wallet any time you have a claim. The more you can pay – the higher your deductible – and the less your insurance company has to pay, the lower your monthly premium will be.
O.K., now you’re armed with the information you need to get cheap automobile insurance online in Arkansas so get online and start comparing polices and prices among the different insurance companies.
It would be nice if you only had to making your comparison on just one website, but the truth of the matter is, none of the websites out there compares every single insurance company’s rates in Arkansas, so if you are really serious about finding the very best rate possible, you’ll need to take the extra time and make comparisons on at least 3 different websites.
There are few feelings as rewarding as owning your own piece of land. The American spirit is essentially one of transience; our forbears were always restlessly and relentlessly pushing onward to the next frontier. But after the explorers came the waves of settlers, who found solace in being able to stake their claims and call the land their own. Their legacy is one that has seeped into our collective consciousness: the desire to plant our roots and carve out our own slice of the American dream. That’s why home ownership is at an all-time high, and why people are increasingly buying undeveloped land for sale.
Complementing with the simple desire to buy land is the knowledge that, over time, land appreciates in value. As far as investments go, real estate brings incredibly high returns on investments and can lay the foundation for future financial security.
One of the keys to buying land for sale, either as an investment or as the future site of your home, is finding a location that is currently undervalued, but that will increase in value over time. For that reason, many people are now buying land in Arkansas, most notably lake land in and around the Ozark Mountains. There are any number of planned communities, including a golf community or two, that are going to take shape in the coming years. Those in the know are snapping up parcels and are positioning themselves to get a favorable return on investment as Baby Boomers retire and wish to take up residence in affordable locations.
Why Arkansas and why the Ozarks? One of the primary reasons that people are buying land there is that property taxes are among the lowest, if not the lowest, in the country. Owners of some parcels pay as little as seven dollars per year in property taxes. Another reason is that the climate is unbeatable; the four seasons have moderate temperatures, and the area is out of the range of the hurricanes that can devastate nearby states.
In addition, many of the available parcels are land for sale by owner (or FSBO), or foreclosures. As a result, the prices are very low. Some estimates put land for sale in this area as twenty or more years behind comparable areas around the country.
If you’re considering buying land for sale in Arkansas, it’s wise to first contact the largest owners and sellers of private building lots in the state. Oftentimes, these sellers live in the same area as the parcels you’re considering, and so have a stake in ensuring that you are pleased with your purchase. Furthermore, they frequently offer unique and unbeatable financing packages, whereby you don’t have to qualify for a mortgage. Instead, you make a low monthly payment and, upon completion of your payment schedule, you receive the deed to your land.
Some of these owners and sellers use the Internet to offer a stunning variety of land for sale. Because they’re “mom and pop” businesses, they don’t have a lot of overhead and so can sell parcels at incredibly low prices. They also allow you to buy land online with owner financing, and offer a written satisfaction guarantee.
Every country’s economy has always been enhanced by the growth in its entrepreneurship; done so, with high return of investments (capital venture) at 100% or more. The start of the capital venture in the United States came about when a consequence of a very stiff structural restrictions in their banking system in the 1930s, resulted to deprive them of the private merchant industry that was uncommon to a highly developed nation such as the U.S.
The making of the Small Business Investment Act of 1958 paved the way to allow the U.S. Small Business Administration (SBA) to give licenses to the Small Business Investment Companies (SBICs) for purposes of providing financial assistance and management to small entrepreneurships especially to beginners in business all over the United States.
Thus, Capital Venture has been professionally acknowledged; although in 1946 its start was gird toward investing at Digital Equipment Corporation by the American Research and Development Corporation (AR&D), founded by General Georges Doriot, first American to promote the capital venture industry. Its tremendous success that made double investment capital in subsequent years elevated the rise of numerous other venture groups, that pushed licensing legal under the Federal laws, aforementioned atop this paragraph.
A number of associations and clubs were founded, and posted capital venture clubs/groups in various states, with respective visions to finance not only small-time business amateurs; but, invest bigger capital on some mining industries, manufacturing some latest technologies, projects in the educational system (schools), health affiliated structures, numerous clinical equipments, and many modern-day demand in novelties.
A close study on Northwest Arkansas concerning project breakthrough in infrastructures and highly trained-skilled manpower on the latest technologies, were aired out to their legislature. The unprecedented increase of population towards 2020 in this side of the U.S need a pressing inflow of financing that will be held as a subject to contend within, the right selection of capital venture investors to subsidize bulk of expense on researches, and to develop better-trained workers for the projects in focus.
Places in subject for these developments include the big cities of Knoxville, capital of Tennessee; Austin, Texas, and Huntsville, on which survey charts outpaced Benton and Washington counties in economic growth during the past 10 years. This has been relayed out by the Arkansas Capital Corporation Group as studies are held in forum on the economic outlook of the NW Arkansas.
The approval of creating the “Arkansas Capital Venture Funds” through their legislature recently fronts best expectations of the opening of new businesses, and will be highlighted with the coming in of new private capital venture groups.
Pulling together of capitalization to the best advantage may even proceed to a better position to call the attention of the Universities around to increase the development of students on broad “research” that will eventually lead to open high-technology companies that may serve better opportunities on high-skilled, or better-paying jobs.
At the very least, Arkansas requires every motorist that drives on its public roadways to carry liability insurance in the amount of $25,000 medical coverage for each individual with a minimum of $50,000 medical coverage per accident, plus you need a minimum of $25,000 of property coverage under your liability insurance.
If you have a newer car or a very expensive car which is being financed, then your lender may very well require that you carry coverage above and beyond the state’s minimum requirement.
If your vehicle is financed you will also be required to carry comprehensive insurance, collision insurance, and uninsured motorist insurance.
Comprehensive insurance covers repairs to your vehicle for damage received by natural causes or by vandalism. This is the insurance you would use if, for example, a tree branch drops on your car, crushing it. This is also the insurance you will use if a vandal breaks your windows or scratches your paint job.
The amount of comprehensive insurance you will be required to carry will depend, in part, on the value of your vehicle and whether your vehicle is routinely parked in a garage or on a public street at night. Your rate can also vary depending on what part of a city you live in and on whether you live in a city or in a rural area.
Collision insurance pays for the repair of your vehicle in the event of an accident. If you hit another vehicle, a stationary object, such as a tree, or an animal, such as a deer, your collision insurance will pay toward having your car put back as it was prior to the accident.
The amount you are charged for your collision insurance varies depending on the value and age of your vehicle, the number of miles you routinely drive each month, your past driving record (moving violations, DUI ((Driving Under the Influence)) and DWI ((Driving While Intoxicated)) convictions will greatly increase how much you pay) and your deductible.
Uninsured motorist coverage pays for repairs to your vehicle if it is involved in an accident with a vehicle which is not insured. As with your collision and comprehensive coverage, the amount of your premium for your uninsured motorist coverage is dependent on the value and age of your vehicle, the number of miles you drive in a month, whether your car is garaged at night, and on the area in which you live.
As mentioned before, if you own a new vehicle which is financed your lender may require that you carry the maximum amount of each type of insurance. The amount of insurance required by a lender varies by the model purchased and is affected by such factors as the cost of replacing or repairing the vehicle and the likelihood of the vehicle being stolen.
Not all vehicles are created equal when it comes to the cost of full coverage car insurance and it is up to each insurance purchaser to ask questions and find out as much as they can about their current and future insurance costs so they know precisely what to look for in a full coverage car insurance quote in Arkansas.
Arkansas offers a great quality of life to anyone willing to settle in the state. The cost of living is low, the towns are well connected to the rest of the country, and the booming economy is something that business owners will find very attractive. In addition, of course, the great business environment in the state – the state government provides all possible assistance to startups as well as established companies.
Getting a Business Loan in Arkansas:
Getting a business loan is not as difficult as many business owners think it is. You need to have a good business plan to show the lender, and convince them that lending to you carried minimal risk of default.
Business Loans in Arkansas:
Let us look at some of the possible sources of funds for small businesses in Arkansas.
1) Small Business Administration (SBA)
The SBA runs loan programs all over the country, in collaboration with the state governments. Described below are three-loan programs run by the SBA in Arkansas.
1.1) Loan Guarantee Program
The Loan Guarantee Program steps in to help those small businesses that cannot get loans from any other lending institution.
The CAPLines provides short-term loans related to seasonal work or contract loans.
1.3) Development Company Loans
This loan program provides small busines
ses the means to invest in immovable assets.
1.4) CAIP Loan Program
The CAIP applies to those counties in Arkansas that saw major job cuts after the implementation of NAFTA.
1.5) SBA Express Loan program
The SBA Express works in collaboration with local lenders who are provided incentives to extend micro loans to small businesses.
1.6) Prequalification Loan Program
The prequalification loan program helps small businesses run in rural areas, or run by the disabled, women and armed forces veterans get loans from private lenders.
2) US Department of Agriculture (USDA)
The USDA offers rural business enterprise grants and rural business opportunity grants to entrepreneurs in rural areas. It also offers guarantees to local banks to extend loans to small businesses.
3) Arkansas Department of Economic Development
The Arkansas Department of Economic Development has an extensive loan program in place for small businesses. It offers loans of up to $80,000 to local entrepreneurs. The Arkansas Department of Economic Development also has a Bond Guarantee Program that gives fixed rate, long-term loans to businesses from outside the state to relocate to Arkansas.
Apart from the sources of business loans mentioned above, you can also approach the Arkansas Planning and Development Banks for EDA Revolving Loan fund, the Intermediary Relending Program, as well as private lenders in Arkansas.
You can go through the websites of the organizations mentioned above to get more information on business loans in Arkansas. If you are still not sure how to find a business loan in Arkansas, hire a small business consultant who will keep you updated on all possible loan sources in Arkansas.
The history and development of the state of Arkansas colorful like other American states, a varying mixture of some European cultures. High-peaked settlements along the Mississippi River were intervened by the Spaniards in 1541 by the explorer Hernando de Sotto; however though, the first European settlements near the lower banks of the Mississippi River were the Frenchmen in 1686.
The Louisiana Purchase in 1803 sealed this settlement along the famous river to be part of the American soil; now, Arkansas State. A divided Arkansas after the American civil war in 1861 and its seceding from the Union has been a target subject of interest between the North and the South for its vital role being a gateway to the Southwest.
Since that settlements and the succeeding progress of the state and its future promise in economic advancement, Arkansas has proven its’ worth, owning credits in producing the twice elected Arkansas-born Bill Clinton to the U.S Presidency by the turn of the last quarter of the Millennium.
Today, Arkansas is a target of several venture capital studies in all fields of its phases of development. With the assistance of the Arkansas Economic Development one could start or expand business. The present days front the best time for several capital light ventures, when there are options to select from small or minor businesses? A team that caters to specialize on the development and growth of minority businesses gives priority to assist in marketing strategies, product development, and most especially to invite light venture capitalists.
The ADED (Arkansas Department of Economic Development) with its subsidiary body the Department’s Small and Minority Business Staff takes initiatives to look for would-be partners, and seek additional information on all aspects surrounding the Arkansas businesses.
Little Rock, Arkansas Eyed to be A Conference Center Regarding Fostering Innovation Capital
A national venture capital event that will be fostered in 2007 by the NASVF (National Association of Seed and Venture Capital Funds) is heading conference at Little Rock in Arkansas for the purpose of enlightening Venture Capitalists, profit and non-profit organization leaders, technology-based and economic development leaders, representative from venture capitals and seed funds, legal and financial firms, and many others who will take interest in looking into the natural resources of Arkansas. They will be pulled together in one conference, and taking into considerations on innovation capitals that will easily facilitate investment process to local entrepreneurs.
Also, it will open funding, and get better knowledge of the relationships and influential factors in the commercialization of innovative and venture products. The event will be sponsored by the biggest molders of the economy of Arkansas; namely, Arkansas Department of Economic Development, Arkansas Science and Technology Authority, and Arkansas Capital Corporation.
A glance into the future wealth of Arkansas’ Economy through investments is gagged upon general criteria, from heavy or light ventures; and, or, government or private collaborated ventures.
Arkansas as a state provides an excellent performance in its economic and developmental growth, better enhanced by its flourishing expansion in venture capitals in every aspect of the latest technologies, and other innovations over the past years. The positive results in entrepreneurial venture funding has regularly been traced and recorded by the Regional and National (federal) government with such consistent standards that never fail; making Arkansas a benchmark model perspective of ultimate communal prosperity in the nearest future among the rural regions of America.
Speculative economic prosperity performance all over Arkansas inspires investors and financiers to target funding new entrepreneurships that overviews great contributory factor to the economy of the U.S. as a whole. In times of this age’s crisis, no one will contend over seeing the prospering future of Arkansas State.
Today, every entrepreneurial end and outstretch financing is gird on the development of new business that are aimed to be started on various fields of development and visions; or, to those that’d already been launched but just need financial assistance either from the government, or groups of venture capitalists from all corners of the region and States.
By this year’s turn over into 2007, there are several meetings, conferences, and forums aside from the normal seasonal meetings or venues of venture capitalists groups that aim to establish more steadfast hold on all kinds of venture capitals on jurisdictions allowed by the government under Arkansas benchmark umbrella in wide-range scope coverage.
Lincoln City in Nebraska is never an exception to be a target of interest, for the place offers one of the best potentials for expansion on educational environment, and all that concerns about educating the citizenry of the county. The people of Nebraska focus with interest to the education of the youth, and their standards never go beyond the unprecedented in livelihood.
Predominant values in honesty could be observed among its citizens, a good contributory factor to progress. It makes the place an interesting business subject of study on how it could be assisted correspondingly, in terms of project priorities that’ll serve best common interest and needs.
The need for the strategic development program that catered Arkansas to be the focal subject for the U.S. Regional and National Entrepreneurships funding for its overall business progress, started when in 1999, the Winthrop Rockefeller Foundation conveyed to strengthen collaborations of the State, Regional and National Financiers; to promote awareness, and critical issues in the face that Arkansas has been subjected to be aligned to all the grant-making goals of the foundation’s program.
The Arkansas State Agency that oversees the collection and reporting of State income taxes deducted from payroll checks is:
Department of Finance and Administration
P.O. Box 9941
Little Rock, AR 72203-9941
Arkansas requires that you use Arkansas form “AR4EC, Employee’s Withholding Exemption Certificate” instead of a Federal W-4 Form for Arkansas State Income Tax Withholding.
Not all states allow salary reductions made under Section 125 cafeteria plans or 401(k) to be treated in the same manner as the IRS code allows. In Arkansas cafeteria plans: are not taxable for income tax calculation; are not taxable for unemployment insurance purposes. 401(k) plan deferrals are: not taxable for income taxes; are not taxable for unemployment purposes.
In Arkansas supplemental wages are taxed at a 7% flat rate.
You may file your Arkansas State W-2s by magnetic media if you choose to.
The Arkansas State Unemployment Insurance Agency is:
Employment Security Department
P.O. Box 2981
Little Rock, AR 72203-2981
The State of Arkansas taxable wage base for unemployment purposes is wages up to $10000.00.
Arkansas requires Magnetic media reporting of quarterly wage reporting if the employer has at least 250 employees that they are reporting that quarter.
Unemployment records must be retained in Arkansas for a minimum period of five years. This information generally includes: name; social security number; dates of hire, rehire and termination; wages by period; payroll pay periods and pay dates; date and circumstances of termination.
The Arkansas State Agency charged with enforcing the state wage and hour laws is:
Department of Labor
10421 West Markham
Little Rock, AR 72205
State minimum wage in the State of Arkansas for non-FLSA employers is $5.15 per hour..
Arkansas State Law covering paying overtime in a non-FLSA covered employer is still one and 1/2 times regular rate after 40-hour week..
Arkansas State new hire reporting requirements are that every employer must report every new hire and rehire.. The employer must report the federally required elements of:
Employee’s social security number
Employer’s Federal Employer Identification Number (EIN)
This information must be reported within 20 days of the hiring or rehiring.
The information can be sent as a W4 or equivalent by mail, fax or electronically.
There is a no penalty for a late report in Arkansas.
The Arkansas new hire reporting agency can be reached at 800-259-2095 or on the web,
Arkansas does not allow compulsory direct deposit. Any employee can opt out in writing and request a check
Arkansas has no State Wage and Hour Law provisions concerning pay stub information.
In Arkansas employees must be paid at least semi-monthly; monthly for FLSA-exempt employees at larger companies earning at least $25,000.00 annually.
Arkansas payroll law requires that involuntarily terminated employees must be paid their final pay within 7 working days and that for voluntarily terminated employees there is no provision..
Escheat laws in Arkansas require that unclaimed wages be paid over to the state after one year.
The employer is further required in Arkansas to keep a record of the wages abandoned and turned over to the state for a period of five years.
There is no provision in Arkansas law concerning tip credits against State minimum wage.
In the Arkansas payroll law there is no provision covering required rest or meal periods.
Arkansas law provides that record retention of wage and hour records period is at least three years.
The Arkansas agency charged with enforcing Child Support Orders and laws is:
Office of Child Support Enforcement
400 E. Capitol
P.O. Box 8133
Little Rock, AR 72203