In 2024, California achieved near-universal health coverage through Medi-Cal expansion. Despite this achievement and an ongoing budget deficit, a new Single Payer bill was introduced in February. Read for insights on the universal coverage milestone, budget challenges, and looming proposals.
ACA IRS Reporting Overview 2024
Employers considered ALEs in 2023 must soon report on the minimum value health benefits they offered (or did not offer) to full-time eligible employees in 2023. Learn what’s reported, when it’s due, and more.
California Governor Signs New Bill Regarding Single Payer into Law
California’s consideration of a move toward “Single Payer health care” is going to be in part under SB 770, which was signed into law by Governor Newsom in October 2023. Find out what’s scheduled to happen in coming months.
Compliance with the CAA’s Gag Clause Prohibition
The Gag Clause Compliance Attestation Form that is part the Consolidated Appropriations Act (CAA) is due on 12/31/2023 (and annually thereafter). Find out what’s required of health plans, administrators, self-funded groups, and others to ensure compliance.
ACA’s 2024 Affordability Percentage Drops to 8.39%
The IRS has announced the 2024 calendar year threshold used by ALE employers to determine if their lowest-premium health plan meets the ACA’s affordability requirement. Find out how the 2024 decrease could affect your clients and their employees.
Help Clients Get Reimbursed for COVID-19 Paid Sick Leave
Select California small businesses may be eligible for reimbursement of California COVID-19 Supplemental Paid Sick Leave expenses. Grants of $5,000 to $50,000 are available, but it’s important to apply right away.
Offering “Cash in Lieu of Benefits” – Compliance Considerations
Employers commonly ask brokers if they can offer a cash payment to an employee in lieu of paying for that employee’s benefits.