Industry News

Industry News2018-05-12T18:43:42+00:00
March31 2023

California To Alter COVID Rules In Healthcare Settings: Masks And Vaccinations Not Required

By |March 31st, 2023|Categories: State and City Compliance|

With the COVID-19 state of emergency a thing of the past, California health officials on Friday unveiled plans to relax guidance on masking in high-risk settings and to end vaccination requirements for healthcare workers.

Among the changes announced by the California Department of Public Health is the end of statewide mask requirements in healthcare and other indoor high-risk settings — including correctional facilities and emergency and homeless shelters — beginning April 3.

Effective the same day, California will no longer require COVID-19 vaccinations for healthcare workers, including those in adult and direct care settings, correctional facilities and detention centers.

The […]

March31 2023

ACA’s Employer Mandate: IRS Announces Higher Penalties For Noncompliance

By |March 31st, 2023|Categories: Affordable Care Act, IRS|

The IRS has announced the 2024 employer mandate penalties under the Affordable Care Act for employers with 50 or more full-time equivalent employees.

Under the ACA, employers may be subject to an employer mandate penalty for (1) failing to offer minimum essential coverage to 95% of full-time employees (A Penalty) or (2) offering coverage that is not affordable (B Penalty).

The A Penalty for failing to offer minimum essential coverage to 95% of full-time employees and their dependents will be $2,970 per employee, which represents a $90 increase from 2023. The B Penalty for offering coverage that is “unaffordable” or […]

January12 2019

Minimum Wage – January 1, 2019

By |January 12th, 2019|Categories: State and City Compliance|

Minimum Wage – January 1, 2019

California Minimum Wage – $12.00                                                          SF Minimum Wage – $15.00
($11.00 for employers with 25 Employees or Less)                                (Since July 1, 2018)

Belmont Minimum Wage – $13.50                                          […]

December28 2018

SF Labor Law Updates for January 1, 2019

By |December 28th, 2018|Categories: San Francisco Ordinances|

SF Labor Law Updates for January 1, 2019

1. 2019 Health Care Expenditure rates
Under the Health Care Security Ordinance, employers must spend a minimum amount on health care for their San Francisco employees. As of January 1, 2019, the rates are as follows.
• Employers with 20-99 workers worldwide: $1.95 per hour.
• Employers with 100 or more workers worldwide: $2.93 per hour.

2. Health Care Security Ordinance 2019 Poster:
The new 2019 poster for the Health Care Security Ordinance is now available. This poster must be placed at each job site or workplace in a location where employees can read it […]

December20 2018

ACA Ruled Unconstitutional – Law Remains in Effect During Appeal

By |December 20th, 2018|Categories: Affordable Care Act|

ACA Ruled Unconstitutional – Law Remains in Effect During Appeal

On Dec. 14, 2018, U.S. District Judge Reed O’Connor issued a ruling that determined the Affordable Care Act (ACA) is unconstitutional because of last year’s change to the federal tax law that zeroed out the ACA’s individual mandate penalty. The ruling was in favor of Texas and a number of states in Texas v. United States, which is the most recent in a series of judicial challenges to the ACA. The ruling is expected to be appealed, and the ACA remains in effect.

How did we get here?
The U.S. Supreme Court has […]

December20 2018

IRS Extends 2018 Reporting Due Dates for 1095 Forms Sent to Individuals

By |December 20th, 2018|Categories: Affordable Care Act, IRS|

IRS Extends 2018 Reporting Due Dates for 1095 Forms Sent to Individuals

On Nov. 29, 2018, the Internal Revenue Service (IRS) announced extended deadlines for 2018 Minimum Essential Coverage (Section 6055) and Large Employer Shared Responsibility (Section 6056) reporting due to individuals in early 2019. The extended deadlines are as follows:

2018 Forms Sent to Individuals  –  Form 1095-B, Form 1095-C 

Original Deadline –  1/31/2019     

Extended Deadline –  3/4/2019

Employers and insurers are encouraged to provide the forms to individuals as soon as possible, but no later than March 4, 2019. Individuals who file their 2018 federal income tax returns before receiving their 1095-B and […]

May26 2018

ACA Affordability Percentages for 2019

By |May 26th, 2018|Categories: Affordable Care Act|

The IRS announced the affordability percentages for 2019. These percentages apply for three purposes:

  • Employer Shared Responsibility
  • Individual Mandate Exemption
  • Premium Tax Credit Availability (to an individual)

Employers are most interested in the first one listed above. Under the Employer Shared Responsibility provisions, large employers who do not offer affordable, minimum value coverage face potential penalties if full-time employees qualify for subsidies to buy health insurance in the Marketplace. Employer-sponsored coverage is considered “affordable” if the portion that the employee is required to pay for the lowest cost, self-only coverage does not exceed a certain percentage of the employee’s household income […]

May8 2018

Health Care Security Ordinance (HCSO)

By |May 8th, 2018|Categories: San Francisco Ordinances|

HCSO News

EMPLOYER ANNUAL REPORTING: The online 2017 Employer Annual Reporting Form is now available. Employers covered by the Health Care Security Ordinance are required to submit the form by April 30, 2018 or face penalties of up to $500 per quarter.

  • Please review the 2017 Employer Annual Reporting Form Instructions before you begin. You may also want to download a PDF Preview of the form.
  • To determine whether you need to complete the form, you can fill out the 4 introductory questions here. If you answer these questions accurately and you […]
May7 2018

IRS Announces Second Switcheroo For 2018 Health Savings Account Contribution Limits

By |May 7th, 2018|Categories: IRS|

Source: Forbes

If you were one of the few people who stuffed or was trying to stuff your 2018 health savings account to the max before the tax overhaul ratcheted back the contribution limit, you can breathe easy. The Internal Revenue Service announced today in a revenue ruling that it will let taxpayers stick with the original $6,900 contribution limit for family coverage and not face excess contribution penalties.

In March, due to the new inflation-adjustment calculations required under the Trump tax overhaul, the IRS announced that the $6,900 limit would be reduced to $6,850. (The […]

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