Large employers, please read about the 27 reporting requirements of PPACA
This is information you will need to know for reporting as a large employer under PPACA, also known as Obamacare, ACA and the Patient Protection and Affordable Care Act.
Large Employer Reporting Requirements
The IRS released final regulations governing information reporting under Sections 6055 and 6056 for health plan coverage. This information will be used to determine if an applicable large employer owes Employer Mandate penalties if a full-time employee receives subsidized coverage through an exchange. These reporting requirements apply for calendar years after December 31, 2014 and…
DetailsWaiting period requirements for employer-sponsored group medical insurance have been eased, slightly.
Many employers made changes to their group medical insurance waiting period to conform to Patient Protection and Affordable Care Act (PPACA) requirements. The Federal requirement is that the group medical insurance waiting period not exceed 90 days with coverage to be effective on the 91st day. A ‘first of the month following 90 days’ strategy…
DetailsDon’t forget the California minimum wage increase July 1st!
The California minimum wage will increase from the current $8 per hour to $9 per hour beginning July 1, 2014. This is the first increase since January 1, 2008. There are additional pay practices that will change as a result of this increase so review your practices in accordance with the information below. READ MORE…
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