Group Insurance for Small Business

Group Insurance for Small Business

Did you know?

Starting January of 2015, businesses that have at least 50 full time employees are required to offer health insurance. And small business that has 25 employees or less, have an Oregon zip code, and contribute at least 50% of employee only premium, may qualify for financial assistance or tax credits to help pay up to 50% of premium costs if the business is paying salaries that average $50,000 or less.

Oregon’s small employers account for more than 50% of the private sector jobs in Oregon but only about 34% with fewer than 10 employees offer health insurance. In 2014, tax credit increases to 50% for employers who pay at least 50% of their employees’ monthly health insurance premium.

Since the penalty for small businesses won’t start till 2015, small businesses that won’t offer health insurance should let their employees know that their employees may qualify for financial assistance to help pay for their coverage through the Small Business Health Options Program (SHOP). Upon qualification to the exchange, businesses will pay their portion to the Exchange and the feds will send the rest to the carrier.

Fact about Group Insurance:

Beginning in 2015, businesses with the equivalent of 50 or more full-time employees must provide “affordable” health insurance or pay a tax penalty. Whether you offer health insurance to employees or not, it is absolutely critical that you make your employees aware of their obligation to seek health coverage under the Affordable Care Act. And, you also have to let your employees know that they have access to guaranteed coverage in the individual market, and that they may be eligible for government subsidies if the coverage you provide them is not deemed to be affordable under the law. We can come out and help you and your employees qualify for financial assistance, show side by side comparisons of all the health plans and dental plans in Oregon.

Click on the link below to find out how much tax credit you’ll be eligible for to help pay for your group insurance:

https://www.healthcare.gov/shop-calculators-taxcredit/Group Insurance OFF The Exchange

How do we help?

If you DON’T need to qualify for financial assistance to help pay your group insurance, we can also get you some quotes from most of the carriers in Oregon such as Moda, Kaiser, Providence, Regence Bluecross Blueshield, Lifewise, Health Republic and more!

If you NEED a group insurance quote and side by side comparison of all health and dental plans in Oregon and Washington, please contact us and we can email, mail or call you with a quote right away. We can also help you qualify for financial assistance or tax credit to help pay for your group insurance.

In addiction, Oregon or off the Marketplace and Group Insurance, we can offer Providence, Healthnet, Moda Health, Health Republic Insurance, Life Wise, Kaiser Permanente, Assurant, and Oregon Health Co-op.

Check out other Insurance Plans!

If you have any question, feel free to Contact us now