Are you a business owner with less than 50 full-time equivalent W-2 employees?
The ACA has a little-known special open enrollment period from November 15 to December 15 where insurance companies must relax their rules…they cannot enforce any participation or contribution requirements. This makes it possible for smaller employers to get group health insurance, even with only one participant.
The effective date for these policies will be January 1, 2016. All employee and employer paperwork must be received by the carrier by December 15. Standard community rates apply.
In addition, there are also tax credits available based on the size of your business and average employee income.
Another option for employers who have employees in good health is called a Level-Funding Option. If you know which employees are going to enroll, providing employee health history can give you additional ways to save money on employee benefits. This is available any time of year for employers with at least 10 participating employees.
For all your premium savings options, request a quote and/or contact L & A Services ASAP for one-on-one assistance throughout the entire process. We are certified to assist with shopping and selecting a plan, securing the coverage, and applying for any tax credits you may be eligible for. Since this is a busy time of year for health insurance companies, the earlier you begin the smoother the process will be.