INSURANCE PROVIDER FOR SMALL BUSINESSES OWNER

hi welcome to my Channel please like comment and subscribe the Affordable Care Act or 8080 for instance well businesses as a group of no more than 50 full-time employees or FTE though some states Define it differently California for instance categorized small businesses as employers of no more than 100 FTE small business owners are are legally required to provide health insurance to their workers but there are rules for those who do a small business owner enrolls in a group health insurance plan over by a private insurance company and then averse the their employees the opportunity to enroll in the plant the employer pays part of the employee's monthly premiums and the employees are typically responsible for their deductibles co-pays and services are not covered by the plan small business owner can buy health insurance for their employees through approved insurance companies with the Small 

Business Health Options program or shop getting insurance through the shop Marketplace allows employers to overhealth plans for multiple insurance companies and qualifies them for the small business health care tax credit which can help with the cost of providing coverage small business owner can also work with an insurance broker for who conducts all plan research and comparison to find the best plan for your business at no additional charge okay plans for small businesses are organized by metal tires bronze silver gold and platinum each tire features different premiums deductible copies and odds of pocket limits catering to people who prefer to pay higher monthly premiums or more extensive coverage and those who would rather pay lower monthly premium areas higher coverage cost in the event that they need to seek care employers have flexibility in which type of plans they choose to avert their employees small business owners do not have to provide health insurance benefits to employees should they choose to do so they must meet certain requirements by the ACA below this requirements can vary by state first inclusivity health insurance must be offered to all employees not just mini church or any other subgroup coverage of essential health benefits under the ACA a Health Plan offered by a small business owner must include coverage pay for basic such as Emergency Services pregnancy-related care and service maternity and important care .

Outpatient Care prescription drugs and more minimum contribution the ACA requires small businesses to contribute at least 50 percent of the monthly Premium cost of the plants the over to qualify for the small business health care tax credit search again and states have their own variations of this rule near Jersey for instance requires small business owner to pay at least 10 percent of the total cost of the plan at least an employer's place the more the employees has to pay not student which can be a downside for some workers who may decide to take another job with their less expensive Health Plan in addition to these rules States typically require a minimum percentage of employee participation in health insurance plans offered by small businesses sales sugar the reason behind this rule is there are 10 employees in a company and only three enroll it is likely that those three are really sick to better distribute the cost total development should be a mix of individuals with varying health status the cost of offering health insurance for a small business owner should depend on the planned choice and how much the employer want to pay the average cost for small business owners is 400 to 500 tons per employee per month say sugar if the business has a lot of older employees then it might cause more he adds the ACs doubles that businesses with at least 50 employees must provide some level of health insurance if they don't they have to pay penalties thank you so much for watching don't forget to like comment and subscribe