CALL TODAY! 800-842-8430

Upcoming change for Small Business Group and your employees

What to consider

In 2014 under the ACA, the maximum amount a consumer with single coverage will pay out-of-pocket will generally be $6,350 while a family could pay up to $12,700. Those totals include copayments, coinsurance and deductibles, but not premiums and they apply only to non-grandfathered plans.

Also in 2014, some Associations will be rated differently and have different coverage due to ACA requirements, giving employers options to make different decisions on how to offer health coverage to their employees.

In 2016, the definition of a small business that can purchase coverage through the SHOP will change from 50 or fewer eligible employees to 100 or fewer eligible employees.

What to do

If you are part of a Trust and/or Association plan, these organizations may no longer qualify to be treated and rated as a large employer. For employers who are a part of these Trusts and Associations their rates and coverage may change as a result.

 

We can talk with you about you and your employees concerns regarding their health care coverage and how it will evolve in the coming years. Retaining good employees is a priority for most of our clients.  We can assist you through this changing environment.

Sorry, comments are closed for this post.

This site is for informational purposes only and is not an offer to sell or a solicitation of any offer to buy any securities or investment advisory services which may be referenced herein. We may only offer services in states in which we have been properly registered or are exempt from registration. Therefore some of the services mentioned may not be available in your state, and if not, the information is not intended for you. ALMEA Insurance, Inc. is not a registered broker/dealer or investment advisory firm. Bill Wilson is licensed to offered securities through KMS Financial Services, Inc. ALMEA Insurance and KMS Financial Services are not affiliated and there is no common ownership or control. | Member FINRA / SIPC