GROUP HEALTH INSURANCE
More than 50 employees? let us to find a right health
insurance for you!
Under the Affordable Care Act (ACA), businesses with 50 or
more full-time equivalent (FTE)employees that do not offer
health coverage, or that offer health coverage that does not
meet certain minimum standards, may be subject to a
financial penalty, referred to as the EmployerShared
Responsibility payment.
Group health insurance is guaranteed issue regardless of
health conditions and the carriers can not increase premium
based on health conditions or the size of the group.
To qualify, groups need to enroll 75% of eligible people, pay
50% of employee premium, and have at least 1 person
(not owner or spouse) on payroll for 1/2 of prior calendar
quarter.A group health plan is an employee welfare benefit
plan established or maintained by an employer that provides
medical care for participants or their dependents directly or
through insurance, reimbursement, or otherwise.