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PRODID:-//Employee Benefit Broker & Health Insurance Agency in NJ - ECPv6.15.20//NONSGML v1.0//EN
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X-WR-CALNAME:Employee Benefit Broker & Health Insurance Agency in NJ
X-ORIGINAL-URL:https://cosmoins.com
X-WR-CALDESC:Events for Employee Benefit Broker & Health Insurance Agency in NJ
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BEGIN:VEVENT
DTSTART;VALUE=DATE:20241101
DTEND;VALUE=DATE:20241102
DTSTAMP:20260501T144737
CREATED:20231220T155759Z
LAST-MODIFIED:20231220T155759Z
UID:28297-1730419200-1730505599@cosmoins.com
SUMMARY:Open Enrollment Starts
DESCRIPTION:
URL:https://cosmoins.com/event/open-enrollment-starts/
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BEGIN:VEVENT
DTSTART;VALUE=DATE:20241101
DTEND;VALUE=DATE:20241102
DTSTAMP:20260501T144737
CREATED:20240119T151726Z
LAST-MODIFIED:20240119T151726Z
UID:28706-1730419200-1730505599@cosmoins.com
SUMMARY:Employer Penalty: Identify application and method of compliance
DESCRIPTION:All Employers\nDetermine ALE Status (i.e.\, whether the employer has at least 50 full-time employees (FTEs) each calendar year\, considering all common law employees in the entire controlled group and counting each part-time employee as a fraction of the FTE). Determine full-time status using monthly measurement method or look-back measurement method. Offer coverage to FTEs and dependent children. Evaluate minimum value\, affordability and elect a safe harbor. Ensure that all plan language accurately reflects the selections.\n“A” Penalty Adjusted for inflation: $2\,970 for 2024 times total number of FTEs after the first 30 are removed for relief.\n“B” Penalty Adjusted for inflation: $4\,460 for 2024 times the total number of ACA FTEs who receive the subsidy in the Marketplace (max penalty is capped at the “A” penalty)
URL:https://cosmoins.com/event/employer-penalty-identify-application-and-method-of-compliance-2/
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BEGIN:VEVENT
DTSTART;VALUE=DATE:20241101
DTEND;VALUE=DATE:20241102
DTSTAMP:20260501T144737
CREATED:20240119T151752Z
LAST-MODIFIED:20240119T151752Z
UID:28707-1730419200-1730505599@cosmoins.com
SUMMARY:Identify FTE status eligibility using the Standard Measurement Period (SMP)\, Stability Period (SP) and Administrative Period (AP)
DESCRIPTION:Employers that are an Applicable Large Employer and have variable hour part-time employees.\nThere are two methods for determining full-time employee status. The monthly measurement method or the look-back measurement method. Zywave has more detailed information on each method and reasons an employer may prefer one method over another.\n“A” Penalty Adjusted for inflation: $2\,970 for 2024 times total number of FTEs after the first 30 are removed for relief.\n“B” Penalty Adjusted for inflation: $4\,460 for 2024 times the total number of ACA FTEs who receive the subsidy in the Marketplace (max penalty is capped at the “A” penalty)
URL:https://cosmoins.com/event/identify-fte-status-eligibility-using-the-standard-measurement-period-smp-stability-period-sp-and-administrative-period-ap/
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BEGIN:VEVENT
DTSTART;VALUE=DATE:20241101
DTEND;VALUE=DATE:20241102
DTSTAMP:20260501T144737
CREATED:20240119T151820Z
LAST-MODIFIED:20240119T151820Z
UID:28708-1730419200-1730505599@cosmoins.com
SUMMARY:Measure Plan Affordability
DESCRIPTION:Employers that are An Applicable Large Employer\nThere are three safe harbors that an employer may use to determine affordability for purposes of the employer shared responsibility provisions. Employers are allowed to choose from using either the Form W-2 wages\, an employee’s rate of pay or the federal poverty limit to make their affordability determination. The contribution percentage to determine affordability for Plan Years starting in 2024 is 8.39% \n2024 percentage is a significant decrease from previous years.\n“A” Penalty Adjusted for inflation: $2\,970 for 2024 times total number of FTEs after the first 30 are removed for relief.\n“B” Penalty Adjusted for inflation: $4\,460 for 2024 times the total number of ACA FTEs who receive the subsidy in the Marketplace (max penalty is capped at the “A” penalty)
URL:https://cosmoins.com/event/measure-plan-affordability/
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