The New Small Group: 50-100 Employees (Part 1)
The New Small Group: 50 – 100 employees (Part 1)
The definition of a ‘small group’ changed in 2015, from 1-50 employees to 1-100 employees. Prior to this time, businesses with 50-100 employees fell into the ‘large group’ category. Most people do not realize that the medical benefits available – as well as the cost of those benefits – are very different between the two classifications of employee groups. This series of three articles will address these differences in the hopes of helping the New Small Groups understand their new rules and obligations according to the Affordable Care Act. (more…)