Employer Shared Responsibility Penalties

To avoid possible penalties, applicable large employers (ALEs) must offer affordable/minimum value health benefits to at least 95% of full-time employees and their dependents. A penalty is triggered only if one or more employees purchase coverage in the exchange and qualify for a subsidy. There are two possible penalties, the Code §4980H(a) and the Code…

State Paid Family and Medical leave

State Paid Family and Medical Leave Laws

Oregon has enacted a Paid Family and Medical Leave Insurance (PFMLI) program which will go into effect on September 3, 2023. Colorado has also enacted a Family and Medical Leave Insurance Program (FAMLI) which will become effective on January 1, 2024. These State-mandated programs will begin pre-funding their plans on January 1, 2023.  These new…

State / Local Compliance Update: July 2022

A brief update on what happened the prior month in group health plan compliance at the state and local level, listed alphabetically. If you would like additional information, please reach out to the GBS Compliance Team. Alabama Alabama new family leave law goes into effect July 1, 2022. The Alabama “Adoption Promotion Act” requires qualifying…