Start Educating Your Workers on Affordable Care Act Tax Forms

| posted in Blog

While we’ve told you about the various forms you may be required to submit as part of your responsibilities under the Affordable Care Act, your employees may not be aware of what’s coming. Chances are, they’ll likely be confused by the new form 1095-C, which all applicable large employers must provide to them along with their W-2 by the end of January 2016 – and about what they are supposed to do with it. The problem with this form is that it only states what the employee was offered, and not the health insurance that they chose. That information will…
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New System to Reduce Effects of a Single Claim on Small Employers’ Premium

| posted in Blog

New rules approved by the state insurance commissioner, Dave Jones, will reduce the effects of a single claim on small and mid-sized employers’ workers’ comp premiums, addressing an issue that has long haunted many California companies. The changes approved for the Experience Rating Plan will introduce a new formula for gauging an employer’s expected and excess losses for claims. It will replace the current “split-point” system that has been blamed for being too volatile and punishing small employers for incurring a single workers’ comp claim. The current split The current system calculates all losses up to a $7,000 split point…
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