Employer Shared Responsibility – Companies with more than 50 full-time employees stand to face the biggest challenges when it comes to providing employer sponsored health plans. (Full-time equivalent employees–those that average 30 hours per week–also count against the number of workers under new health care law.) Starting in 2016, businesses must pay a fine if employees are not offered an affordable health plan that meets the standards of the Affordable Care Act. For larger companies, managing the costs of benefits and health care coverage will become increasingly important in the coming years. You can read more about employer shared responsibility under the Affordable Care Act here.
Balancing Cost & Benefits – With the Affordable Care Act putting much of the burden of providing health care on businesses, it’s become a juggling act for some of them to find the balance between cost and plan options. On the one hand, you certainly want to be able to draw interest from the top professionals in your industry, on the other, your business has its own financial goals that must be kept in mind. As an independent agent, we are able to focus on the needs of your business and employees, rather than a product we sell. Our options are not limited to the offerings of a single insurance carrier–we work with every major carrier in California and draw on our experience to help find a benefits solution that will work best for your company.