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…
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…
DetailsA bill that looks likely to pass is on the fast-track. This ‘grandmothering’ bill would allow small employers to keep their current group medical insurance plans. Some employers were familiar with the term ‘grandfathering ‘ in reference to their pre-ACA group medical insurance plans. Post-ACA, carriers eliminated many of their plans and created new plan…
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The Departments of Labor, Treasury and Health and Human Services have issued final regulations and other proposed regulations on the 90 day waiting period for employer-sponsored health coverage and measurement periods to determine eligibility of variable hour employees. As most California employers are accustomed to, a more stringent 60 day waiting period maximum is in…
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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