Group Health Insurance – If you’re new to offering employer-sponsored health insurance and benefits, you’ll want to familiarize yourself with what options are available and what your responsibilities are as an employer. We help guide you through the process every step of the way, offering advice and clarification when needed, as well as keeping you informed of current and upcoming changes to health care law. The Affordable Care Act and health care reform have changed the landscape of employer-sponsored health plans, creating advantages for business owners that can be leveraged to not only offer great health coverage and benefits, but to minimize costs while doing so.
Want to know more? The website for the National Association of Health Underwriters (NAHU) has a guide that explains the basics of group insurance plans.
Employer Responsibility – Though implementation has been delayed until 2015, the employer mandate is still an aspect of health care reform that will soon come into play for business owners. Once in place, the mandate will charge companies with more than 50 employees a fee if they don’t offer employer-sponsored health coverage. The fee is applied on a per-employee basis and is assessed based on whether or not coverage is offered that meets the minimum requirements dictated by the Affordable Care Act. The annual fee will be $2,000 per employee, with an exemption for the first 30 employees.
Click here to learn more about the employer mandate under Obamacare and what it means for businesses of different sizes.