Bohannon Insurance Group

The Bohannon Insurance Group superheroes are always ready for duty! But first... coffee!

We celebrated these two ladies' birthdays today!! Happy Birthday, Debbie & Lori!!

We're at the Central Valley Medical Group Management Association vendor fair today! Always a fun time meeting new people and seeing our clients! And this year was a Disney theme- how awesome!

The Bohannon Team is celebrating Red Nose Day.. Are you?! #RedNoseDay #LaughTogether

The Bohannon Insurance Group superheroes are always ready for duty! But first... coffee!

We celebrated these two ladies' birthdays today!! Happy Birthday, Debbie & Lori!!

We're at the Central Valley Medical Group Management Association vendor fair today! Always a fun time meeting new people and seeing our clients! And this year was a Disney theme- how awesome!

The Bohannon Team is celebrating Red Nose Day.. Are you?! #RedNoseDay #LaughTogether

Open Enrollment begins November 1st... Contact our office for more questions on how to enroll!

It is with heavy hearts and deep sadness that we mourn the loss of our President and friend, Dan Bohannon. Funeral Services will be held at St. Joseph's Catholic Church in Modesto on Friday, July 10th at 9:30 am. http://www.legacy.com/obituaries/modestobee/obituary.aspx

The IRS recently released a new set of Q&As that provide additional information for large employers that are required to file Forms 1094-C and 1095-C, as part of the information reporting requirements under the Affordable Care Act (ACA). The ACA requires large employers (generally those with 50 or more full-time employees, including full-time equivalent employees) to report information to the IRS and to their employees about their compliance with the employer shared responsi...bility provisions ("pay or play") and the health care coverage they have offered. In addition to basic information regarding employer reporting, the new IRS Q&As also include specific information on reporting offers of coverage and other enrollment information. Specifically, the Q&As address how large employers should: Report whether an offer of coverage was made to an employee for a calendar month, including months in which employees are hired or terminated; Enter applicable safe harbor codes (if applicable); Report enrollment information for self-insured coverage provided to non-employees; and Complete Forms 1094-C and 1095-C if they are eligible to use the qualifying offer method, qualifying offer method transition relief, or the 98% offer method. For more information on reporting requirements contact our office today!

An employee handbook is an important tool you can use to effectively communicate information regarding your company's policies, practices, and employee benefits. As a starting point, the U.S. Small Business Administration (SBA) suggests including the following 8 topics: General Employment Information, Anti-Discrimination Policies, Compensation, Work Schedules, Standards of Conduct, Leave Policies, Employee Benefits, and Safety and Security. Click on this link for more information: https://www.sba.gov/content/employee-handbooks and contact our office today!

Contact our office today for more information and to avoid the tax penalty!

IRS Penalties for Small Employers Reimbursing Individual Premiums Will Not Apply Until July 2015 IRS Notice 2015-17 provides limited transition relief from the assessment of excise taxes for small employers who reimburse, or directly pay, the premium for an employee's individual health insurance policy. Prohibited Plans... An "employer payment plan" is an arrangement under which an employer reimburses an employee for some or all of the premium expenses incurred for an individual health insurance policy, or an arrangement under which the employer uses its funds to directly pay the premium for an individual health insurance policy covering the employee. Pursuant to prior agency guidance, employer payment plans are generally considered group health plans that do not comply with certain market reforms of the Affordable Care Act (ACA), and therefore may be subject to a $100 per day excise tax per applicable employee under the federal tax code. Additional Information Notice 2015-17 also clarifies that employers can generally increase an employee's compensation to assist with payments of individual market coverage, so long as the payment of additional compensation is not conditioned on the purchase of health coverage and the employer does not otherwise endorse a particular policy, form, or issuer. Due to the potential for significant penalties and the complexity of the law in this area, employers considering a cash (or payroll practice) option are strongly advised to consult knowledgeable benefits counsel to ensure full compliance with the law. For more on the Affordable Care Act, please call our office!

Employers Face Significant Penalties for Reimbursing Employees' Individual Health Insurance Policy Premiums As a reminder, "employer payment plans" are considered group health plans that do not comply with the Affordable Care Act (ACA), and may be subject to a $100 per day penalty tax per applicable employee. Prohibited employer payment plans include the following: Arrangements under which an employer reimburses an employee for premium expenses incurred for an individual he...alth insurance policy. Arrangements under which the employer uses its funds to directly pay the premium for an individual health insurance policy covering the employee. Due to the potential for significant penalties and the complexity of the law in this area, employers considering a cash or payroll practice option are strongly advised to consult knowledgeable benefits counsel to ensure full compliance with the law. Call our office if you have questions or need more details!

February 15th is just around the corner! Contact our office today and let us help you get covered!