We’re a full-service general agency for Group Health, Individual and Medicare. We offer personalized service to insurance brokers looking to provide their clients the best benefits packages. We pride ourselves in serving California’s diverse communities, offering customized quoting with easier enrollments and faster approvals, as well as compliance assistance.
Covered California recently reported that the state of California is helping to lower costs for health coverage and is reinstating the Affordable Care Act penalty for not having health insurance.
On Jan. 1, 2020 a new rule requires Californians to have qualifying health insurance coverage throughout the year. Generally speaking, the penalty will be $695 or more when you file your 2020 state income tax return in 2021. The penalty for a dependent child is half of what it would be for an adult. A typical family of four that goes uninsured for the whole year would face a penalty of at least $2,000.
The penalty will be applied by the California Franchise Tax Board when you file your state tax return. For information about the penalty, including the amount your family could owe for not having coverage in 2020, please visit the Franchise Tax Board’s website.
We’ve talked about traditional HRAs on previous webinars, but we are getting a lot of questions about the new Individual Coverage HRAs (ICHRA) and Excepted Benefit HRAs (EBHRA) and so will focus on these recently permitted arrangements. Click here for details.
We’ve talked about traditional HRAs on previous webinars, but we are getting a lot of questions about the new Individual Coverage HRAs (ICHRA) and Excepted Benefit HRAs (EBHRA) and so will focus on these recently permitted arrangements.
Click here to register.
ACA Reporting is due again for all Applicable Large Employers (ALEs) January 31, 2020. Employers need to begin planning and preparing data during Q4 so they can meet all requirements. In this training, with ACA Expert Holly Young, she reviews the ACA requirements, new forms, deadlines and calculations helping broker partners be ready to answer important questions to best guide their clients who have 50+ employees or offer self-funded plans.
Click here to register!
Click here for more news
