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"Employee Benefits"
Offering group health insurance is prohibitively expensive for most small businesses. To cut costs, many purchase high-deductible health policies, exclude part-time employees from eligibility, and require employees to pay a significant share of the premium. Continue reading
When the Affordable Care Act passed in 2010, U.S. businesses received a new federal requirement: provide health insurance to all full-time employees or face steep penalties from the IRS. This is known as the employer mandate. Continue reading
Offering traditional group health benefits has grown increasingly difficult for small businesses. It’s too expensive, too complex, and too one-size-fits-all. Continue reading
Offering group health insurance is expensive—especially for small businesses.
Businesses with fewer than 50 employees typically have smaller budgets, have fewer management resources at their disposal, and struggle to meet participation requirements. All that considered, the total cost of offering a group health insurance policy goes far beyond the pricy premiums. Continue reading
One of the primary benefits of offering a qualified small employer health reimbursement arrangement (QSEHRA) is the tax advantage available to both small businesses and their employees. Continue reading
Everyone still must have health insurance in 2018. The penalties are very similar to the 2017 Individual Mandate penalties. The penalty is 2.5% of your total household gross income, or $695 per adult and $347.50 per child, up to a maximum of $2,085. There will be no penalties for not having insurance in 2019. Continue reading
Are you prepared if you have unexpected health issues, car accident or disability? We always recommend considering disability insurance coverage on an individual or company basis because the unexpected can really set a family back. In fact, a few of our own employees have had to utilize both short and long-term disability benefits. Continue reading
The qualified small employer health reimbursement arrangement (QSEHRA) was designed specifically for small businesses with fewer than 50 employees. As such, it isn’t subject to many of the federal laws that affect larger employee health plans. Continue reading
