Take Note of These ACA Compliance Deadlines

Posted By bahim on Jan 13, 2022

Now that tax season has arrived, it is time to file your income tax return and notify the IRS of your health insurance status. Requirements for proof of insurance vary according to the size of the company for whom you work. The proof of coverage will be provided to you in one of two ways: Form 1095-A if you obtained coverage using Covered California. Form 1095-B if you did not use the marketplace but obtained health insurance directly...

Employers: The Deadline to Comply with the CalSavers Mandate is June 30

Posted By bahim on Jan 12, 2022

As you might already know, California law now requires all employers with more than 5 employees to either offer their workers a qualified retirement program (such as a 401k) or enroll in the state-sponsored CalSavers program. Passed in 2016, the law is designed to address the needs of 7 million Californians who lack a retirement plan. For the past five years, the law has been gradually phased in, and now smaller employers must comply....