Group health insurance is the most impactful benefit an employer can offer. Employer premium contributions are fully tax-deductible, and under the ACA, employe…
Group health insurance is the most impactful benefit an employer can offer. Employer premium contributions are fully tax-deductible, and under the ACA, employers with 50 or more full-time equivalent employees are required to offer health coverage meeting minimum value and affordability standards or …
No. The ACA employer mandate only applies to employers with 50 or more FTEs. Small employers are not required to offer coverage, but doing so provides competitive advantages in recruiting and the employer's premium contributions are tax-deductible.
A Section 125 plan allows employees to pay their health insurance premium share pre-tax, reducing taxable income and payroll taxes for both employee and employer. It requires a written plan document and typically saves both parties money.