On November 18, 2016 the Internal Revenue Service (IRS) issued Notice 2016-70. This notice extends the due date for furnishing 2016 Form 1095-C statements to employees by 30 days, from January 31, 2017 to March 2, 2017. It also extends the deadline for health insurance issuers and other providers...Read More
News & Information >> Health Care/Employee Benefits
GSRMA’s 12th Annual Training Conference
We are holding our 12th annual training conference on October 20th - 21st at Rolling Hills Resort in Corning. Like our previous conferences, great speakers will present relevant subject matter in an entertaining manner. And this year we are expanding the...Read More
Many California public entities that provide their employees health insurance coverage through CalPERS suffered large increases – some as high as 21% - in their medical insurance rates last year. This was not the case for those in the GSRMA Small Group Health Program. The GSRMA Small Group Health...Read More
The Affordable Care Act requires most individuals to obtain minimum health coverage or pay a penalty, with some exceptions. The penalty for not having coverage will be assessed for the 2015 tax year.
The IRS has clarified that individuals do not have to delay filing their 2015 income tax returns...Read More
The ACA created two new reporting requirements for calendar year 2015 to be reported in 2016. The reports are the Minimum Essential Coverage report (also known as MEC, the 6055 report or the 1094B and 1095B “B series” reports) and the Applicable Large Employer report (also known as ALE,...Read More
The ACA created two new reporting requirements for calendar year 2015 to be reported in 2016.This will be an annual requirement with data from the prior year being reported to the IRS and individuals in the first quarter of each year. The reports are the Minimum Essential Coverage report...Read More
According to flu.gov, nearly 111 million workdays are lost due to the flu each year, costing employers approximately $7 billion per year in sick days and lost productivity. The flu season can begin as early as October and last until May. Influenza costs businesses an additional $10.4 billion in...Read More
In the past few weeks Covered California sent out a letter notifying their members that they must give their consent to Covered California to verify their income and family size to determine their subsidy eligibility for their health plan in 2016. If you have employees that you know are members of...Read More
Blue Shield of California is going to do a system upgrade effective 11/1/2015. This upgrade will trigger new membership ID cards displaying a new subscriber and group number which will be sent out the first week of November. Click here to view the Blue Shield Member Letter & FAQ sheet. Please...Read More
What you will find in this guide:
1. What is Healthcare Reform?
2. What is individual mandate?
3. What is the tax penalty for an individual not obtaining Minimum Essential Coverage?
4. What does healthcare reform mean for my employer?
5. What is considered affordable coverage?
What you will find in this guide.
1. Plan Benefits
2. Plan Administration
3. Plan Finances and Taxes
4. Pay or Play
6. Participant Issues
Q. Does CSAC allow for domestic partners? If yes what are the requirements.
A. The plan permits either the “Standard AB25 law” domestic partner rules, or “extended version of the law that will cover all domestic partners including opposite-sex partners”. The group may choose either version...Read More
Q. We have an employee on our insurance and Medicare; however, he informed me that Medicare does not pay on any of their claims. Medicare told this employee that they will not because he is employed. Is that true? If yes, why is it mandatory that he purchase insurance that does not pay on claims?...Read More