Industry Updates

No company owner wants to undergo a workers’ compensation audit, but they are a fact of life if you run a business and have employees. Unfortunately, many audits don’t go smoothly and sometimes your insurer may make mistakes. Missouri-based Workers’ Compensation Consultants, which helps employers through the audit process, recently listed the 10 most common audit mistakes insurers …

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Effective January 1st, 2019, there will be changes to the original Medicare Deductibles, coinsurance and out-of-pocket limits. The Centers for Medicare & Medicaid Services (CMS) announced the 2019 Original Medicare cost share amounts on October 12, 2018.  We are pleased to share with you the cost share changes to Original Medicare.   Medicare Hospital Coverage (Part A) …

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OFF THE PRESS – It’s not everyday we get to bring you good news, but this undoubtedly qualifies. The Insurance Commissioner, Dave Jones, just published his decision to reject the proposal to restructure Classification 8868 and 9101 and create new classifications specific to developmental disability services. CDSA, along with other stakeholders, advocated for the rejection …

Continue reading “JUST IN: Amendments to Worker’s Compensation”

On Thursday, April 26th, the IRS released Revenue Procedure 2018-27. This guidance modifies the annual limit for health savings accounts (HSAs) for individuals with family coverage under an HDHP. Specifically, this guidance allows health savings account holders to again treat the 2018 limit as $6,900. As background, on May 4, 2017, the IRS set the maximum HSA contribution …

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Senate Bill 189 (SB 189) amended Sections 3351 and 3352 of the California Labor Code, allowing more corporate officers, and/or directors and owners of professional corporations to waive workers’ compensation insurance coverage.   The following summarizes the SB 189 changes, effective July 1, 2018: Corporations: The stock ownership requirement for exclusion eligibility for officers and directors is reduced from 15 …

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MANY BUSINESSES don’t think twice when asking a worker to run to the office supply store but you should…

On November 2, 2017 the Internal Revenue Service (IRS)  issued revised FAQs on the employer shared responsibility provisions under the Affordable Care Act (ACA). Question sets 55-58 now detail the procedure the IRS will use to begin issuing proposed penalty assessments to employers that failed to comply with these provisions in 2015. Though the IRS was previously silent on the details of …

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After months of failed efforts by Congressional Republicans to eliminate the Affordable Care Act…