Even if small companies are not to provide health insurance for their employees required under the affordable Care Act (ACA) want to offer many more affordable health insurance to recruit and retain key personnel to. This article answers five frequently asked questions about health insurance for small businesses.
1. Has to offer our small business health insurance in 2015?
No. Small businesses with fewer than 50 full-time equivalent (FTE) employees are not to offer health insurance under the ACA required. This is called as "employer mandate" or "employer shared responsibility fee", and it does not apply to small businesses.
2. What health insurance rates for small businesses?
Most. Small businessman walks 11 million people are facing health insurance rate at renewal time this year after CMS view of small businesses ACA-related premium increases - 65% of the estimated 17 million people in the context of a fully insured small group health plan covers.
These estimates are released by CMS does not include non-ACA factors that have caused health costs on the rise in the past decade, such as changes in product design to be provider networks, and the total increase in the cost of health care 
chart source: ..? The Inevitable End of Small Business Health Insurance White Paper
3 What is the Small Business Health Options Program
In the context of health insurance marketplaces of the ACA, there is an option for small businesses, the Small Business Health Options program (SHOP Marketplace) called. This is a new way for small businesses with fewer than 50 employees (or less than 100 in some states) to acquire a traditional group health insurance.
The Affordable Care Act (ACA) developed the SHOP exchanges to small businesses with more options for their health plan. The rollout of the SHOP marketplace, however, has its share of obstacles, changes are faced, and delays. As such, the SHOP marketplace still is not working for small businesses.
4. Is there an option outside the SHOP marketplace Small Business Health Insurance?
Yes. One of the main reasons why the employer group health insurance and foregoing are canceling the SHOP market enrollment is that individual health insurance costs up to 60% less. Employees can for premium tax credits to qualify depending on their level of income, household size and suitability for other state-funded programs.
In addition, individual health insurance offers more choice and control to employees by allowing them to choose a plan that fits their needs, including coverage and network. Employees can decide their own plans to work with their budget. These plans can be adapted to individual circumstances and age.
5. Can small businesses Reimburse employees for individual health insurance?
Yes. Employers can implement reimbursement program reimburse employees for their individual health insurance premiums, a premium. To set this up, the employer must first decide how much they are to employees contribute health insurance costs ". This allowance or" defined contribution "may be the same for all employees, or it can vary on employee class and / or family status.
Since small businesses with less than 50 FTE employees are not subject to the employer mandate, most small businesses are seeing the benefits of individual health insurance and allowing employees to choose their own health plan of the individual health insurance marketplace.
In a recent white paper, we expect that 60 percent of small businesses eliminate health insurance for one employer contribution to individual health plans traditional employer-sponsored by 2017.
have questions about health insurance for small businesses? Leave a comment below.
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