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As a business employer, there are several parts of the Affordable Care Act (ACA) that may affect your business and your group plan. Beginning in 2014, business owners with 50 full-time workers or full-time equivalents (FTEs), are considered a large group employer. As a business owner, the act requires you to offer affordable health insurance coverage to all of your full-time workers, as well as their dependent children, or be subject to penalties.

Am I a ‘large group’ or ‘small group’ employer?
If you are a business that employs at least 50 full-time employees or 50 full-time equivalents during the prior calendar year, you are subject to the play or pay penalties and the employer-shared responsibility provisions.

There is a one-time special six-month transition rule, which applies only for 2014, which allows you to use any consecutive six -month period in 2013 rather than using the full previous twelve months to determine whether you are a large employer.

What is a full-time employee or equivalent?
A common law employee who averages at least 30 hours per week or 130 hours in a calendar month is considered a full-time employee. You must calculate your hourly worker’s service hours based on hours worked and hours of earned paid leave.

If you are a California business in the Redlands or Inland Empire, and have questions about health reform legislation, and how it will affect your large group plan, contact the experts at Bernardini & Donovan Insurance Services.

Starting October 1, 2013, Covered California will become the primary marketplace for individual health insurance coverage. The market will feature tools which will allow insurance consumers to compare policies that offer affordability to low-income individuals and families. Services include free health insurance or significantly reduced health insurance for qualifying individuals and families.

For those who wish to apply for coverage, Covered California can be initiated by phone, online, or through a licensed agent. Applicants should expect to talk with a Covered California call center representative who will screen the applicant for qualification. If qualified, the call is transferred to a county representative for completion.

Income verification if through the IRS and the exchange will use the applicants last filed IRS return to verify income as an estimation of income. Applicants can prove income by showing documentation of major changes in income levels for the current year.

Covered California is part of the health insurance exchange for California residents and helps to ensure that all Californians are covered with health insurance.

Bernardini & Donovan Insurance Services provides insurance policies to the people of San Bernardino County, the City of Redlands, CA  and the State of California. If you have questions about insurance or the Covered California program, please contact Bernardini & Donovan Insurance Services.

 

If you want or need to get insured, Covered California has options for health insurance. The exchange has been created to comply with the health insurance changes that are taking effect in 2014. Under the exchange, people will get individual health insurance coverage, there will be 13 commercial health plans, and more than 80% of practicing physicians and acute care hospitals will be participating. The plans provided cover doctor visits, hospital stays, prescriptions, and more. They also avoid many of the gimmicks of same plans that were seen in the past.

The out-of-pocket cost is capped at a maximum of $6,350, which will reduce the risk of people going bankrupt because of large medical bills. Without the proper insurance, this possibility is still very real. The list of current insurers is only for individual health insurance coverage, but options will also be available for small businesses to work with the health insurance exchange in order to cover their employees in the near future.

For more information on the health insurance coverage provided by Covered California in the Redlands, CA area and throughout CA, please contact Bernardini & Donovan Insurance Services today.

 

In need of some tax assistance?  Don’t know where to turn when the IRS is sending you letters?  Give our friends at 3H Business Services a call.

3H Business Services has been in business since 1969 providing bookkeeping and tax preparation services.  We are versed in many industries, including, but not limited to: restaurants, manufacturing, horse racing and breeding, construction, clothing, HOA associations, Non-Profits, Automotive repairs, Transportation, Attorneys, Medical offices, and Insurance agents.  We also provide bookkeeping and tax preparation for asset protection.

In 2006, we were licensed as an enrolled agent with the IRS so that we can represent our clients with more authority in all 50 states on all types of tax returns, including: Individuals, Trusts, Estates, Inheritance taxes, Gift taxes, Partnerships, LLC’s, C and S corporations, Non-Profits, and Sales tax issues.

Our website has many useful tools as well.  Visit us at www.tripleh.net, or call us at 909-748-7782.  We look forward to being of service to you!

The healthcare system in the United States is undergoing  changes. Covered California is the new individual health insurance marketplace, which impacts individuals and families purchasing their own insurance. This new marketplace is designed to increase the quality and affordability of health coverage.

In 2014, major changes to health insurance regulations take effect. Health insurers can no longer deny coverage to individuals with pre-existing conditions. New federal subsidies will also be available to help individuals and families purchase qualified health insurance plans. All health plans, including those in the Covered California marketplace, will be required to meet a standard set of essential requirements.

These changes will help an estimated 4.7 million Californians improve the quality of their health insurance. There are four tiers of qualified health plans in the Covered California marketplace: platinum, gold, silver and bronze. Each tier varies in terms of the level of coverage and monthly premiums. Catastrophic coverage is also available to individuals under 30 years old.

Changes in health insurance are coming in 2014. For more information about the Covered California health insurance exchange, please contact Bernardini & Donovan Insurance Services, located in the Redlands, CA area.

 

When a business gets started there are a number of things that need to happen in order to attract employees. One of the benefits that needs to be in place is health insurance. The Covered California SHOP Exchange is a way for small businesses to provide group health insurance for their employees. Here is how Shop works for small businesses:

How Shop Works

  • Each participant in the plan completes a profile and receives a group ID.
  • The employee of the company enters the SHOP program and they are then issued an ID of their own. In order for them to      access their plan they are also issued a password.
  • Once inside the plan the employee enrolls in the health plan that they need for themselves.
  • Once the employee has made their selections the employer then verifies that they work there.
  • All information is taken care of by the SHOP and then from there it is given over to the insurance carriers.

Any small business owners who have questions about the SHOP in California, should contact Bernardini & Donovan Insurance Services. They can help answer all of your questions about Covered California SHOP.

 

In California small businesses that are struggling to provide health care coverage for their employees now have hope. The Covered California SHOP (Small Business Health Options Program) Exchange will provide a greater selection of group health insurance coverage, previously only offered to businesses with larger numbers of employees. Small business owners who are interested in joining the Covered California SHOP Exchange can do so just as long as they have less than 50 employees, for the time being.

As part of this revolutionary program, small businesses with fewer than 25 employees, as well as an annual earning that is less than $50,000, can earn a 50 percent federal tax credit for any health care coverage that is purchased via SHOP. To date 375,000 small business employers in the state of California are eligible for this small business tax credit.

Here at Bernardini & Donovan Insurance Services we offer additional information regarding the Covered California SHOP Exchange. If you would like assistance in determining if you are eligible or how to be a part of the SHOP program, contact the insurance professionals at Bernardini & Donovan Insurance Services, located in Redlands, CA today.

 

The Covered California SHOP Exchange provides two major benefits to small employers – access and administrative relief. SHOP provides access to a large selection of health plans that have previously been available only to larger companies. SHOP also takes over plan administration, relieving businesses with fewer than 50 employees of the burden of dealing with employee health insurance.

California’s approximately 375,000 small companies with 25 or fewer employees earning an average annual wage of less than $50,000 qualify for an additional benefit. These smaller businesses will be eligible for a 50% federal small-business tax credit when they purchase coverage through SHOP.

SHOP relieves small businesses of the burden of finding and administering health plans for their employees. The business sets up a customized SHOP profile and receives a unique group ID. Employees login to the SHOP exchange and select a plan from the available qualified health plans. SHOP handles enrollment, eligibility, adds, changes, and terminations. The SHOP Exchange provides the employer with the necessary reports to integrate employee premium deductions into their payroll system. The employer writes just one check and the Covered California platform sends the premiums to each health insurance carrier.

For more information about health insurance for small businesses in California, please contact Bernardini & Donovan Insurance Services.

 

Are you in need of an attorney to assist with employee issues?  Maybe update your employee handbook?  Bradley Neufeld and his associates at Gresham/Savage have given our clients the red carpet service.  We highly recommend Gresham/Savage.

B&D

Gresham | Savage:  Winning Strategies and Winning Cases

With an enviable 103-year track record of winning strategies and winning cases, Gresham | Savage is the widely recognized leader for business, litigation, employment, real estate, environmental and land use law in Inland Southern California, San Diego and Los Angeles.  The firm’s many attorneys, practicing in offices in San Bernardino, Riverside, San Diego and Los Angeles counties, provide wise counsel to local, regional and Fortune 500 companies.

Bradley Neufeld is a shareholder and co-chair of the Labor and Employment Law Practice Group at Gresham | Savage.  His practice focuses on the representation of management in all aspects of employment law.  Mr. Neufeld provides timely advice to clients on all aspects of personnel management, including employee termination, discipline and grievance matters, employee handbooks, employment contracts, personnel policies such as sexual harassment and drug and alcohol testing, and compliance with the many constantly changing state and federal employment laws.  His expertise extends to collective bargaining laws, the Family Leave Act, the Americans with Disabilities Act, the Fair Labor Standards Act and many other laws which affect California employers.

We look forward to working with you!

 

Bradley E. Neufeld

Gresham Savage Nolan & Tilden, PC

3750 University Avenue, Suite 250

Riverside, CA  92501

(951) 684-2171

Bradley.Neufeld@greshamsavage.com

http://www.greshamsavage.com/attorneys-30.html

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