ACA Update: Exchange Notifications

ACA employer compliance requires employers to notify their employees of the health coverage options that are available through the Health Insurance Marketplace (the Exchange). The Department of Labor (DOL) has provided temporary guidance for these requirements within Technical Release 2013-02. To support your ACA administration, we have provided the following summary and links below. What [...]

W-2s and Health Insurance Reporting

W-2s and Health Insurance Reporting Back Ground A provision of the Affordable Care Act enacted on March 23, 2010, requires employers to report the aggregate cost of employer sponsored group health care coverage on the employee’s W-2. This reporting to employees is for their informational use only and does not cause employer provided health care [...]

Managing the HCSO with an HRA in 2012

Why use an HRA to fulfill the San Francisco HCSO? Employers Save Money: If the funds are not used by employees the employer keeps the unused funds (instead of the City). Employers Save Time: No manual calculations of earned expenditures. Payroll Systems calculates this for customers based upon payroll hours reported. Employers Stay in Compliance: [...]

Where’s my money? The employer, the employee, and the HCSO

City administrators across the nation are watching as the Health Care Security Ordinance (HCSO) transforms doing business and health care in San Francisco. With opinions rampant, here are some facts and history regarding the HCSO: February 2006 San Francisco Mayor Gavin Newsom created a Universal Healthcare Council to develop a plan to provide access to [...]