small business insurance quote Uncategorized small business health insurance arizona

small business health insurance arizona



Small business health insruance is a big beneift for a company to provide, but one that makes more sense than ever as competition for talent heats up. small business health insurance arizona is the most popular employee benefit for most workers and it’s no wonder: it can have a real impact on their financial health as well as their overall well-being.

And health insurance for small businesses can boost the overall health of your organization by increasing employee satisfaction and productivity. Health benefits cost money, of course, but your small business will likely save on hiring and training costs because of lower turnover. And in some cases you can earn a tax credit or use a tax deduction to cover part of the cost.

If you are a small business with 50 or more full-time employees or, counting part-timers, you have the equivalent of 50 full-time employees, you already have had to offer health insurance as of this year or face penalties under the Affordable Care Act. Companies with 100 or more workers had to comply with the rules a year earlier, on Jan. 1, 2015.

But what about your small business of fewer than 50 full-time employee equivalents? You aren’t required by law to offer health insurance but you may be exploring your options.
Your business has several choices when it come to buying a group health plan for your team. Insurers have to offer plans that cover at least the “10 essential health benefits and services” legally required under affordable care rules, which include maternity and mental health care. These plans can be purchased in a variety of ways at a variety of price points, so we’ll

walk you through all of the options below.
Your business has several choices when it come to buying a group health plan for your team. Insurers have to offer plans that cover at least the “10 essential health benefits and services” legally required under affordable care rules, which include maternity and mental health care. These plans can be purchased in a variety of ways at a variety of price points, so we’ll walk you through all of the options below.

These marketplaces, including the federal Small Business Health Options Program, or SHOP, are typically available to small businesses with 50 or fewer full-time equivalent employees. Marketplaces in California and Colorado are open to businesses with 1-100 employees.

A calculator to figure out your full-time equivalent count is available here. Just be warned that a full-time employee is one who, in the past calendar year, averaged just 30 hours a week in a month. And oddly, while you have to count part-time workers’ hours toward your full-time tally, you don’t have to offer them health insurance, even if you have more than 50 workers.
The online marketplaces offer a set number of plans from private insurance companies that are geared to the pocketbooks of small businesses

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