Running a small business in California is hard work. You must stand out from the competition. One of the best ways to do so is by having the ability to attract and maintain skillful, dependable employees. Providing the individuals working for your company with group healthcare is the most successful way to rise above the competition. You’ll find that maintaining your business is much easier.
Of course, there are laws that you’ll need to conform to as a small business owner in California. Complying with these laws isn’t always easy and that’s one reason business owners tend to go through a reliable California insurance broker rather than a carrier. Insurance brokers will not only have the ability to negotiate costs and modify plans, but they will see to it that you’re always in compliance with the latest health insurance laws as a business in California.
The ACA states that any business in the State of California with 50 or more full-time employees that doesn’t carry group healthcare for their employees may be penalized monetarily. This is often referred to as the Employer Shared Responsibility payment or employer mandate. This employer mandate is enforced if:
Give us a call today at 800-903-6066 for more information about what we can offer you and your employees. We will make sure your comprehensive group healthcare package complies with all laws so that you qualify for tax breaks and other perks!
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