On February 13th, Covered California (our state’s health insurance exchange) released its standardized plan benefit structure for plans offered under the Affordable Care Act starting in 2014. These benefits must be offered in the individual and small group (under 50 employees) markets both inside and outside of Covered California’s marketplace. … Read the rest
The Affordable Care Act (ACA or health care reform) says “applicable large employers” have to offer health insurance to their full-time employees or they may incur a penalty. But what is an “applicable large employer”, how many hours do full-time employees work, and what happens if health insurance isn’t offered?… Read the rest
As of January 1, 2013, certain employers must report the cost of health care coverage provided under an employer-sponsored group health plan on employees’ W-2 forms. This requirement became effective as of January 1, 2012 but was deferred by making the requirement optional for employee’s Tax Year 2011 W-2 forms.… Read the rest
Under Section 1512 of the Patient Protection and Affordable Care Act (PPACA), employers subject to the Fair Labor Standards Act (FLSA) are required to provide their employees with written notice of coverage options available through state health insurance Exchanges.… Read the rest
In 2014, individuals and employees of small businesses will have access to affordable coverage through a new competitive private health insurance market – State-based Affordable Insurance Exchanges. Affordable Insurance Exchanges will provide individuals and small businesses with a “one-stop shop” to find and compare affordable, quality private health insurance options.… Read the rest