The health care law includes the employer shared responsibility provisions, which require applicable large employers to offer health coverage to full-time employees and their dependents. Those that do not offer coverage might be subject to the employer shared responsibility payment.
Here are six facts about these provisions.
This is an important year for small businesses looking to gain an edge on the competition by offering group health insurance to its employees through Covered California for Small Business (CCSB) and the Patient Protection and Affordable Care Act.
In 2016, businesses with up to 100 employees can apply for coverage for their workers. That is an increase from 2015, when only businesses with fewer than 50 workers could apply for coverage through the Covered California exchange.
It’s open enrollment season once again – and that means that employers and employees all across the country are considering their new health insurance options! Thanks to the Affordable Care Act, there are many new options available, particularly for small businesses and their employees.
For Adam Rochon, supplying benefits and insurance is a family business. Rochon followed his mother, Belinda Roberts, into the insurance and benefits industry and today they have a collective 28 years of insurance experience. After the enactment of the Affordable Care Act, businesses began to require a more in-depth broker relationship and a knowledgeable source of information for coverage.
Missy Williams spent the first 20 years of her career in the mental health field as a direct care provider, program manager, counselor and executive manager. As a mental health provider, she learned how stressful it could be to take care of patients and run a successful business – and she wanted to share her experiences with others in her field to help them tackle these problems. A few years after obtaining her M.A.
For small business owners, navigating the insurance market can be a challenge, especially with all the new options and changes from the Affordable Care Act. Thankfully, many professional insurance brokers are dedicated to helping small businesses understand the market. Larry Lewis, who works as an Agency Development Manager with Colonial Life in New Jersey, is one such professional.
We’re pleased the U.S. Supreme Court ruled today to uphold the Affordable Care Act’s provision that allows consumers in states with federally-run health insurance marketplaces to receive federal tax credits to help offset the cost of insurance.
What happens when you put more than 100 small business owners in a room together to discuss the biggest issues facing small businesses today? That’s what we found out during our inaugural Small Business Leadership Summit, a three-day event of education, collaboration and action that took place May 11-13 in our nation’s capitol.
There could be bad news on the horizon for small business owners looking forward to joining the new small business marketplaces next year: the U.S. Department of Health and Human Services (HHS) is considering yet another delay in expanding the small group market and the Small Business Health Options Program (SHOP) to small firms with 50-99 employees. This would be disappointing news because expanding the small group market next year will increase the size of the insurance pool, which benefits the healthcare system overall.
The president’s State of the Union speech last night touched on many of small business owners’ key concerns, particularly increasing consumer demand by strengthening the middle class, closing corporate tax loopholes and ensuring open and fair Internet access for all. What’s more, the president highlighted the importance of small businesses and the middle class—the engine of small business prosperity.
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