It is a very simple thing to do. Just think of us if you or any of your employees will travel outside of the U.S. Your domestic medical insurance policy can do very little to help you if you need medical care while abroad. Travel insurance policies are inexpensive and connect you with a network…
DetailsMany 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…
DetailsThe 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…
DetailsSome large and small employers have considered sending full-time employees to the exchanges for individual coverage rather than offering group medical insurance. Companies such as Zane Benefits and some brokers are telling companies that they may do this and still take advantage of pre-tax medical insurance premium treatment by reimbursing employees’ individual medical insurance premiums…
DetailsThis page provides you with a fantastic breakdown that will help you determine whether you are an applicable large employer, determine the controlled group and the hours that you must begin to track for your variable hour employees for purposes of determining eligibility.
Most employers are now aware that the group medical insurance waiting period for full-time (30 hours or more per week) employees may not exceed 90 days as a result of one of the provisions of the Affordable Care Act. In California, there is a more stringent 60 day waiting period limitation. The California requirement is currently under…
DetailsTake a look at IRS Form 8928 for self-reported non-compliance penalties under the ACA (link embedded in referenced article). This article from JD Supra Business Advisor by Mintz Levin is well-worth your time to read and gives a description of the penalties as well as the leniency that will be afforded employers who demonstrate reasonable…
Details1) they are coupled with high deductible plans to reduce fixed medical insurance premiums 2) create a tax savings account vehicle for qualified expenses that apply to the deductible 3) gain interest like a savings account 4) unused money is not lost each year 5) it is another tax deferred account for individuals who find that…
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