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Do small businesses have to offer health insurance?

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PeopleKeep

If you’re a small employer, you may be wondering if you have to provide health insurance to your employees. Under the Affordable Care Act (ACA), organizations with 50 or more fulltime equivalent employees (FTEs) have to offer affordable health benefits that meet minimum essential coverage (MEC) and minimum value. But smaller businesses aren't under such obligations.

Learn more in our blog: https://www.peoplekeep.com/blog/dosm...

CHAPTERS:
0:00 Introduction
0:37 What is an applicable large employer (ALE)?
1:25 What are the health insurance requirements for small businesses?
1:58 What can you offer as a health benefit?
2:53 Conclusion

Here are some advantages to offering a health benefit to your employees:
It can attract and retain top talent.
It can help your business stand out against the competition.
It can build a healthier workforce.
It can save you more money during tax season.

Aside from traditional group health insurance, you can use a health reimbursement arrangement or health stipend.

If you’re ready to offer an HRA or stipends, PeopleKeep can help. Our personalized benefits administration platform makes managing your benefits easy.

Learn more about employee stipends:
https://www.peoplekeep.com/employees...

Since starting in 2006 as Zane Benefits, we've helped thousands of organizations offer affordable benefits to their employees.

#employeebenefits #healthinsurance #smallbusiness #businesstips #healthbenefits #smallbusinessowner

posted by Smiraldi4y