San Francisco’s Health Care Security Ordinance Requires New Contribution Rates for 2024
Sep 5, 2023
Employers in San Francisco should be aware of a rate change in the Employer Spending Requirement (ESR) effective January 1, 2024.
Which employers must comply: An employer is covered by the Health Care Security Ordinance (HCSO) for any calendar quarter if it meets the following three conditions:
Businesses must meet the ESR requirements by making health care contributions on behalf of all covered employees.
A “covered employee” is an individual that has been employed for more than 90 days and who regularly works at least 8 hours per week in San Francisco. There are exemptions for certain employees that can be reviewed by clicking .
Beginning January 1, 2024, businesses must pay the following rates:
The 2024 HCSO Poster has not been released yet. For more information, please visit directly or contact me for more information.
IMA will continue to monitor regulator guidance and offer meaningful, practical, timely information. This material should not be considered as a substitute for legal, tax and/or actuarial advice. Contact the appropriate professional counsel for such matters. These materials are not exhaustive and are subject to possible changes in applicable laws, rules, and regulations and their interpretations.