Wednesday, October 3, 2012
San Francisco Health Care….is your NPO in compliance?
Posted by Armanino Nonprofit Team
Effective January 9, 2008, the San Francisco Health Care Security Ordinance (SFHCSO) requires Covered Employers to spend a minimum amount of money each quarter on their Covered Employees’ health care. While the SFHCSO has been in effect for several years, there has been some confusion with respect to who qualifies as a Covered Employer or Employee and how to document those employees who have chosen to not take part in the organization’s coverage. “Covered Employers” simply includes businesses with 20 or more employees and nonprofit organizations with 50 or more employees and these organizations must post the 2012 Official OLSE Notice at every workplace or job site. In addition, employers must ensure that they have the appropriate waiver completed and signed in order to properly document the employee’s waiver of coverage. Without this completed waiver, the organization may be subject to providing these employees with the required coverage. Refer to the SFHCSO website for information including amendments to the ordinance http://sfgsa.org/index.aspx?page=418. If you have any questions regarding the ordinance and how to account for the different spending options in your financial statements, we are here to help. Please contact Jim Johnson at email@example.com for any assistance.
Nonprofit organizations have specialized audit, tax and operational needs that require specialized service. Armanino has been committed to the nonprofit sector since 1953, and we now work with more than 500 nonprofit clients. This hands-on experience gives our staff of CPAs and former CFOs a deeper understanding of the issues nonprofits face, so we’re able to meet their needs and help them fulfill their missions in the most efficient, cost-effective way possible.