Health Insurance for Small Business

health insurance for small business

Under 50 Employees

For businesses and organizations with 2 to 50 full-time equivalent (FTE) there is no requirement to offer a health insurance plan to employees. A full-time equivalents is an employee or a combination of employees who work 30 hours per week.

The Federally-facilitated Marketplace (FFM) which operates through www.Healcare.gov is a convenient place for employers to find, offer and provide coverage to employees. We can assist you in navigating the website and maximize what it has to offer, at no additional cost to you:

  • Find a qualified health plan and dental plan for each eligible employee, with options of coverage
  • Establish percentage of premium paid by employer
  • Offer plan to employees
  • Enroll employees
  • Stay compliant with ERISA and the DOL
  • The Small Business Health Care Tax Credit, worth up to 50% of the employer’s contributions towards premium costs.
  • Consolidated billing keeps it simple and easy to pay
  • Service individual employee plans
  • New small group plans can start at any point during the year.
  • The penalties per employee, if you do not offer coverage, can be costly to the employer. We can help you avoid penalties and protect the health of your employees.
  • A broker-agent can help you navigate the site and implement a group benefits plan that fits the business and the employees’ needs.

Over 50 employees

Businesses and organizations with more than 50 FTE (Full Time Equivalent) are required by the Affordable Care Act to offer a “Qualified Health Plan” to all eligible employees.

The penalties for not offering a plan start at $2,000 per employee.

If your organization has more than 50 FTE, then it is not eligible to use Healthcare.gov as a platform to provide health insurance.

Your organization would have to use a broker-agent to help you with plan selection, enrollment and applications.

You may use fully insured or self-funded benefits for your organization. Each has its advantages and disadvantage, we can help decide which is the better fit for your group.

Visit our Employee Benefits for Small Business page

Contact us for more details on how to implement your health plan and stay in compliance with the current healthcare rules.