Affordable Care Act large group (949) 675-1920 Orange County health insurance

Affordable Care Act large group (949) 675-1920 Orange County health insurance Affordable Care Act large group By Hubie Laugharn Large Group PPACA (ObamaCare) Below is a bullet point list of the most important aspects of the Affordable Care Act for large... More

Affordable Care Act large group (949) 675-1920 Orange County health insurance Affordable Care Act large group By Hubie Laugharn Large Group PPACA (ObamaCare) Below is a bullet point list of the most important aspects of the Affordable Care Act for large employer groups over 50 employees. This is what we know as of 2-18-13 Starting Jan. 1, 2014 or a company’s open enrollment for 2014. The Employer Shared Responsibility provisions apply to an employer with 51 or more employees. Employer will be required to offer healthcare insurance to all full-time employees or pay a tax/fine (Pay or Play). Play: an employer must offer a minimum of the Bronze plan and contribute toward the premium of the employee so the employee does not pay more than 9. 5% of their wage. If the employer complies with both the “minimum value” and the “minimum employer’s contribution” 9. 5%, the employer cannot be taxed/fined, if an employee goes to the exchange for financial help! Play: Plans must cover minimum be Less