Aetna Small Business Plans

Aetna Small Business Plans-59
If your business has 50 or more FTEs, the ACA requires you to provide health insurance for your employees or pay a penalty between ,000 to ,000 per employee when you file your taxes.The ACA requires companies with 50 or more FTEs to do these three things: The largest costs of offering health insurance are the premiums that you and your employees pay.Small businesses have several options from which to choose a partner in providing health insurance.

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Employers traditionally pay for health insurance in one of the following ways: In general, a flat amount per month is the best practice since it’s easy to budget.Health insurance agents may charge extra for services like helping your employees enroll each year or keeping track of the deductions you need to manage.You may also not want to pay commissions on top of insurance provider premiums.It also makes the most sense in terms of fairness for your employees.Some employees will use the entire amount for their family health insurance whereas others might want to invest in other insurance instead.Your cost is also driven by the percentage, if any, you choose to―or are required to under the ACA―contribute toward employee premiums.The type of health insurance benefits you provide will affect your cost unless you are doing a set amount per month per employee.Please note that if you have more than 50 full-time employees (FTE), you are required by the Affordable Care Act (ACA) to offer health insurance, and you must provide proof of that to the IRS each year.Small business health insurance is for startups and professional businesses that want to attract and retain top talent.But you might also incur other costs such as software to manage benefits enrollment and training to educate your employees on their healthcare benefit options.Here are costs to consider when offering health insurance to your small business employees: Only after you choose the provider and coverage types is it possible to estimate specific healthcare costs for your business.


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