Health Insurance During Employment

1. Are employers required to provide health insurance to their employees? Maybe, depending on the Employer. . The Affordable Care Act (“Obamacare”) requires that all businesses with 50 or more full-time employees provide health insurance to at least 95% of their full-time employees and dependents up to age 26, or pay a fee.  This health… Continue reading Health Insurance During Employment

Short-Term and Long-Term Disability Insurance Plans and Benefit Programs: An Introduction

What is SDI? SDI stands for “State Disability Insurance.”  SDI is a cash benefit that provides partial income replacement for up to twelve months when you become unable to do your usual work due to mental or physical injuries, illnesses, and other health conditions. SDI is a California program administered by the EDD (“Employment Development Department”). … Continue reading Short-Term and Long-Term Disability Insurance Plans and Benefit Programs: An Introduction

Pension and 401(k) / 403(b) Plans

What is a pension plan? Pension plans provide a continuous, fixed income after retirement. The amount of income is typically based both on your total years of employment and the wages earned during your final year of employment. Because you will know in advance the amount of your monthly benefit at retirement, pensions are referred… Continue reading Pension and 401(k) / 403(b) Plans