How many employees do I need to qualify for small group health insurance?

Sometimes, small group health insurance can be more affordable than individual plans that offer the same benefits and coverage. Generally, the Affordable Care Act (ACA) considers businesses with 1 to 50 employees eligible for small group health coverage.  However, if you are a sole proprietor, you will need to buy coverage as an individual. To be eligible for small group coverage, your small business or … Continue reading How many employees do I need to qualify for small group health insurance?

Am I required to offer health insurance to all my employees?

While you are not required to offer health insurance to all your employees and their dependents, it’s highly recommended you do so. Offering a comprehensive benefits package goes far to keep your employees healthy and happy, while providing you with tax advantages. Groups with fewer than 50 full-time employees are exempt from the ACA employer mandate. This mandate requires groups of 50 or more full-time … Continue reading Am I required to offer health insurance to all my employees?

How much must an employer contribute to the premium?

As a small business owner, you always have to strike a balance. While you know that a competitive benefit package is important to attract and retain talent, you also must work within a tight budget, and often, with limited resources. You have valid concerns about the expense and the long-term sustainability of providing your employees with health insurance. What should you do when health insurance … Continue reading How much must an employer contribute to the premium?

How affordable is it to offer small group health insurance?

It’s no secret—health insurance is expensive. The good news is there are easy ways to make it more affordable. Plus, by not providing health insurance to your employees, you may pay a steeper price. That’s because the U.S. job market is facing a wave of workplace turnover. Data show one in four workers quit their jobs in 2021. It’s likely many of your employees are … Continue reading How affordable is it to offer small group health insurance?

Is my small business eligible for a health insurance tax credit?

As a small business, you want to attract and retain top talent. But you also know how costly it can be to offer a competitive benefit package. You should know that the Affordable Care Act (ACA) offers a significant tax credit to small employers who meet certain criteria. If you qualify, the Small Business Health Care Tax Credit may be worth up to 50 percent … Continue reading Is my small business eligible for a health insurance tax credit?

Is a level-funded plan a good choice for my small business?

As an alternative to traditional, Affordable Care Act (ACA) health plans, Blue Cross and Blue Shield of Kansas offers BlueEdge level-funded plans. Designed for groups with 3-50 employees, BlueEdge plans are small business friendly, designed to help you share in the savings good health brings. Basically, level-funded means your payment is capped at a set amount. Blue Cross will help you evaluate your maximum claims … Continue reading Is a level-funded plan a good choice for my small business?