The San Francisco Health Care Security Ordinance requires covered employers to make a reasonable health care expenditure on behalf of their employees. This can be done by providing qualifying insurance coverage or by making required contributions to Healthy San Francisco or to an HRA* for employees residing outside the city of San Francisco. Employers are required to maintain accurate records of their health care expenditures and to provide information to the Office of Labor Standards Enforcement (OLSE) by May 1. Failure to submit may result in penalties of $500 per quarter.
The 2016 Annual Reporting Form can be accessed here. For more information on the San Francisco Health Care Security Ordinance, please visit the San Francisco Office of Labor Standards Enforcement page: SF OLSE
*Reminder: As of January 1, 2017, employers may no longer make revocable Health Care Expenditures to comply with the spending requirement of the HCSO.
Securities, when offered, are offered through Liberty Group, LLC, Member FINRA, SIPC. Insurance offered through Vita Insurance Associates, Inc. (CA License #0581175), LG Financial and Insurance Services, and Lifetime Insurance Marketing, Inc. (CA License #0D10261). Investment advisory services offered through Liberty Wealth Management (LWM), a registered investment adviser with the SEC. For additional information on LWM or your investment adviser representative, please visit the following website: www.adviserinfo.sec.gov.