Under the Affordable Care Act, a small business is one with less than 50 full-time equivalent (FTE) employees.
A small business is not required to offer health insurance to employees, but a small business can choose to offer insurance. Small businesses with less than 25 employees might qualify for small business tax credits by offering insurance and paying at least half of the employee's premium.
Because a small business is not required to offer insurance, you have a few options:
1) Offer group health insurance using a small business tax credit
2) Offer group health insurance if you don't qualify for a small business tax credit
3) Offer individual insurance plans to your employees through the private exchange
Contact us for your complimentary review to see what option is best for your business.
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