Changes to the age band premiums for small group insurance (1-100 employees) will begin to take effect in 2018, at your renewal. Presently, insurers assign a single banded premium rate for all individuals ages 0-20, with individual age rates starting at age 21 upward (to age 63). Under the new rating system, effective January 1, insurance carriers updated the one banded premium rate to ages 0-14 and will now assign a single rate to each year of age as early as age 15. As a result, employers will begin to see a premium increase for those that include dependent coverage.
During the leave, employers must continue to pay the usual portion of the employee’s health insurance premiums, though they will be able to recover those funds if the employee does not return to work for a reason other than a serious medical issue or circumstance not within the employee’s control. If both eligible parents work for the same company, the leave may be limited to 12 weeks between the two of them.
On January 1, 2018, California’s minimum wage for employers with 26 or more employees will increase to $11.00 per hour. The minimum wage for employers with 25 or fewer employees will increase to $10.50 per hour.
On January 1, 2018, the following municipal minimum wage increases will also take effect: