Small Group Medical
SCH&A Insurance Services does the work for you, helping you to identify competitive plans and robust options for your small team.
In California, a small business is classified as one that employees up to one hundred people. Small Group Medical Insurance plans are required to meet the Affordable Care Act (ACA)’s standards. It can be easy to think of this insurance as a burden, but try to avoid this mindset. Good medical insurance benefits your employees and, in turn, your company.
Under the ACA, businesses with fewer than 100 people in California are not required to provide health insurance to their employees. They will not face tax penalties for doing so. However, many businesses are deciding to keep or purchase this valuable coverage to attract and retain top talent.
Smaller businesses with fewer than 100 full-time-equivalent employees will not be penalized if they do not provide coverage. The general rule is that when an employer offers group health coverage to even one full-time employee, he or she must offer coverage to all of the full-time employees. Be aware that the rules apply regardless of the medical condition of the employees. In essence, any eligible employee cannot be denied coverage based on previous medical problems or pre-existing conditions.Whether you provide health insurance to your employees or not, it is important that you make your team aware of their obligation to seek health coverage under the Affordable Care Act. However, if you have a team of 101 or more employees in California, you must provide affordable medical insurance or you will face a tax penalty.
Small Group Medical can be a complicated matter. That is why it pays to have a trusted professional by your side. SCH&A Insurance Services does the work for you, helping you to identify competitive plans and robust options for your small team. Contact us today to find out how we can help protect your team with quality small group medical insurance.