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California Mandate – CalSavers Update
California Mandated Retirement BenefitsCalSavers is a state-run retirement plan for eligible employees who do not have access to a qualified retirement plan through work. By the end of 2025, most California employers will be required to offer a retirement plan to their employees or provide their employees with access to CalSavers. The phased rollout started…
Read MoreMedicare Open Enrollment 2022
Medicare’s Annual Election Period runs from October 15th through December 7th each year. During this annual enrollment period, Medicare individuals can reevaluate their coverage plans – whether it’s a drug plan, Medicare Advantage plan or Original Medicare and make changes or enroll in a new policy, starting January 1, 2022. During the Medicare open enrollment…
Read MoreOnsite COVID-19 Vaccination Program for Employers
The California Department of Public Health (CDPH) launched a new program allowing employers to bring COVID-19 vaccinations onsite and directly to their employees. The Employer Vaccination Toolkit creates a simple online process for employers to request approval for an onsite clinic or vaccination event.* After an employer submits a request online, you will be contacted…
Read MoreIRS Announces HSA & HDHP Limits for 2022
Many of the dollar limits currently in effect for 2021 will change for 2022. The HSA catch-up contribution for individuals ages 55 and older will not change as it is not subject to cost-of-living adjustments. Table comparing dollar limits between 2021 and 2022: Plan sponsors should update payroll and plan administration systems for the 2022…
Read MoreMay 2021
Covid-19 Vaccine Update
An Update on COVID-19 Vaccines and Testing Every Californian 16 and up is now eligible for vaccination. Vaccination of people younger than 16 will start as soon as the COVID-19 vaccines are approved for them. See CDPH’s Updated COVID-19 Vaccine Eligibility Guidelines for details. Schedule Every Californian can sign up at myturn.ca.gov or…
Read MoreApril Newsletter 2021
Monthly Newsletter by OC Benefit Advisors April 2021 Temporary COVID-19 Relief for Section 125 Plans. On Feb. 18, 2021, the IRS released Notice 2021-15 to clarify special rules for Section 125 plans, health flexible spending arrangements (FSAs) and dependent care assistance programs (DCAPs). Special Rules for Health FSAs and DCAPsThe Notice is intended to clarify…
Read MoreBenefits Notices by Company Size
This section highlights the required benefits notices and disclosures under federal law that apply to companies based on their number of employees. In particular, this section covers the following sized companies: 1-19 employees 20-49 employees 50+ employees COVID-19-Related Deadline Extensions Due to the COVID-19 pandemic, the federal government extended the time to furnish benefit statements…
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