In the past, many small business owners struggled to offer health insurance due to high costs. But the ACA has made it easier with tax credits and other incentives.
One great example is the Small Business Health Care Tax Credit, which can be worth up to 50% of premiums paid by employers. To qualify, businesses need to have fewer than 25 full-time employees making an average of $50,000 or less per year.
Another helpful initiative is the state-based Small Business Health Options Programs (SHOPs), where you can compare and purchase health insurance plans online. Plus, the ACA requires insurance companies to offer a minimum set of essential health benefits, making it simpler for small businesses to choose the right plan for their employees.
Overall, the ACA has been a game-changer for small businesses looking to provide healthcare coverage for their employees. If you’re a small business owner and you haven’t been offered healthcare coverage before, now is the perfect time to explore your options under the ACA.
At Every Health Group, we can help you navigate the process and find the best plan for your business. So head over to our website at www.everyhealthgroup.com and let’s get started on providing your employees with the healthcare coverage they deserve.