The New Small Group – 50-100 Employees (Part 2)
The New Small Group – 50-100 Employees (Part 2)
In Part 1, we looked at the changes in benefits and how health plans are rated for the New Small Group. In this article we will look at the Play or Pay Employer Mandate in regards to the New Small Group.
The ACA mandates that employers with 50 or more full time equivalent employees (FTEs) MUST offer Minimum Essential Health Insurance Coverage (MEC) to their full time employees. Not only do they have to offer insurance, but the amount that the employee pays toward that insurance must be deemed ‘affordable.’ (more…)