- Providing world class service and value for employee benefit group plans since 1987
The Affordable Care Act (ACA), commonly known as Obamacare, has a significant impact on large businesses by imposing certain requirements and responsibilities regarding the provision of health insurance coverage for their employees. This legislation has far-reaching implications that affect various aspects of business operations, including financial management, human resources, and employee relations. Let's delve into the specifics of how this legislation impacts large businesses.
The ACA was enacted with the primary
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The 9.5 rule in Obamacare is a significant provision that determines the affordability of health insurance coverage. According to this rule, if the cost of an employer-sponsored plan exceeds 9.5% of an employee's household income, then that coverage is considered unaffordable. This rule is crucial in ensuring that individuals have access to affordable healthcare options and prevents them from facing excessive financial burdens. Employers must carefully consider the affordability of their plans to comply with this rule, as failing
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Todd Taylor with Taylor Benefits gives our small business the kind of personal service we need. Insurance benefits are important to our employees and Todd helps us find a balance between benefits and value. Todd responds immediately to my phone calls & e-mails. He has even gotten in touch with me on a Sunday when we were in need of coverage answers immediately. We are very pleased with the hands-on service Todd and his staff provide.”
-Ken and Linda Orvick, Orvick Management Group, Inc.
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