Minimum Essential Coverage – As part of the Affordable Care Act, group insurance plans offered by businesses must include certain components. Part of our role in working with our clients is to ensure that any plan they offer meets these criteria, while still targeting goals that relate to business costs and providing a competitive employee benefits program. Currently, businesses with more than 50 employees qualify as a large employer, meaning they are not required to offer a group health plan that includes all the essential health benefits. Starting in 2016 that will change. The definition of small employers will expand to include businesses with up to 100 employees, which means they will then be required to conform to the new benchmark standards as well.
To learn about state benchmark plans and essential health benefits, visit the Center for Consumer Information & Insurance Oversight data center. You’ll find information there about California benefits benchmark plans, as well as other resources about health care reform.
How We Help – There’s a lot to keep track of in the world of health care, especially as laws continue to change and new elements of the Affordable Care Act continue to be implemented. To better serve our clients, we offer expert guidance and advice, from comparing prices to vendor selection to plan enrollment and benefits management. Here are some of the other ways that we help small and medium sized business to offer affordable and easily managed group health options to their employees: