. It is imperative for such employers to adhere to these responsibilities because a miscalculation, a missed deadline, or an overlooked compliance item can result in significant non-compliance penalties. Here’s what you need to know as we sunset 2019 and welcome a prosperous 2020 new year.
California’s Individual Mandate 2020: What You Need to Know
California is implementing its new state individual mandate in 2020. It requires all California residents to maintain Minimum Essential Coverage (MEC) – medical health insurance coverage – for themselves and their dependents beginning January 1, 2020.
Small Group Special Open Enrollment Window: Nov. 15 – Dec. 15
The Affordable Care Act (ACA) requires health insurers to offer a one-month Special Open Enrollment Window, when eligible small groups can enroll in coverage without having to meet standard employer-contribution and/or employee-participation ratios.
Individual Shared Responsibility Penalty
California has instituted an Individual Shared Responsibility Penalty starting in 2020. This penalty will be imposed on those who fail to maintain Minimum Essential Coverage 2020 CA Individual Shared Responsibility Penalty Flow Chart 2020 CA Individual Mandate FAQs
Update on Association Health Plans Recent Court Ruling
In June 2018, the Department of Labor (DOL) issued new rules expanding the availability of Association Health Plans (AHPs) due to a broadened definition of those eligible to participate in employer-sponsored AHPs.
Can an Employer Offer Varying Contribution Amounts and/or Waiting Periods?
Under ERISA nondiscrimination rules, employers are allowed to offer different contributions and waiting periods to different classes of employees.
Medicare Information for Employers with Employees Age 65+
According to the Pew Research Center, it is estimated that 32% of Americans aged 65+ will be working full time or part time by 2022.