Managing Employee Benefit Plans – Employer Liability DE-09 Why are employers required to submit a DE-09 and DE-09C? All health insurance carriers require firms to submit their California quarterly payroll tax filing when they initially apply and once a year thereafter. This requirement is to meet a number of regulatory and compliance issues. Basically, all employees […]
An effective employee benefits communication strategy begins with developing a calendar: Record the date your organization needs to complete and submit annual open enrollment material to your insurance carriers Work backwards from the open enrollment due date to determine (and record on your calendar) dates to: Distribute open enrollment materials to employees Open enrollment meetings […]
Only active, regular, full-time employees and owners (such as proprietors and partners) are considered Eligible Employees. Seasonal/temporary employees and 1099 employees are not eligible. Employees must work a minimum of either 20 or 30 hours per week to be considered full-time. Please refer to your most recent Renewal Packet or contact Banyan Administrators to confirm […]
Spouse: the plan participant’s spouse under a legally valid marriage. Domestic partner: the plan participant’s domestic partner under a legally registered and valid domestic partnership. Child: the plan participant’s, spouse’s or domestic partner’s natural child, stepchild, or legally adopted child. Children are eligible up to the age of 26. Coverage ends on the first of […]
CalCPA Health is available to accounting firms in public practice or firms offering general financial services, both of which must be headquartered in the state of California. To be eligible and retain such eligibility, more than 50% of all of the firm’s owners (principals, proprietors, partners, shareholders, or other owners) must be CPA members of […]
The Patient Protection and Affordable Care Act (ACA) was passed more than five years ago. Never has a piece of federal legislation been in the controversy spotlight for this length of time. Typically, new federal and state laws require some tweaking before, during or after they are implemented. Fix-it bills can clarify the original intentions […]
by Gregory M. Burke, CPA, MS (Tax) The stated intent of the Patient Protection and Affordable Care Act (ACA) of 2010 was to increase health care insurance coverage with respect to the millions of uninsured Americans and control runaway health care costs. As part of the effort to meet these goals, the ACA enacted interrelated […]
Four years after the passage of the Affordable care Act (ACA) there is still great debate on the law’s outcomes. How many uninsured will enroll? Will ACA create doctor shortages? Will death panels ration medical care? And the trillion dollar question: will the cost of health insurance go up, down or stay about the same? […]
The Patient Protection and Affordable Care Act (ACA) is exceedingly vast. It deals with all aspects of the medical delivery system including insurance. Combine this with the numerous changes California is implementing and the result is tens of thousands of pages, comprising both federal and state regulations. This book focuses on the key elements that […]
Ron Lang, CEO of the California Society of CPAs Group Insurance Trust, discusses how health care reform has changed the face of health care plans by covering the following topics: plan designs and pricing, network options, California Health Benefit Exchange, current and future regulatory changes and what we can expect for 2015. (Video taken at […]