With the advent of the Affordable Care Marketplace in the last two years, some significant changes are happening for small business in 2015 in regards to health insurance for employees. What is still true is employees expect to get affordable health insurance through their employers despite the rapid increase in pricing to employers especially small business’. What are options for small business to cope with this trend?
Individual health insurance costs through the ACA marketplace are as much as 20% to 60% less expensive for the individual employee. They get more choice in plans and it is their insurance. Can a group of less than 50 employees drop group insurance and move their employees to the ACA Marketplace. Absolutely, any time!
You can replace high group rates for controllable employee reimbursement plans. I can help you set this up and manage your plan. It is often a big win win for both you and your employees. I would be happy to tell you all about this exciting option.