CT insurance

Understanding What It Means to Be a Small Group of Employees

The Affordable Care Act has made purchasing CT insurance for small businesses a little more challenging. Many companies are turning to professionals to help them better understand the different restrictions and laws that govern this act so they can properly insure and provide health insurance for their employees. One important thing to understand when you are purchasing insurance is what it means to be a small group of employees.

50 Full Time Employees

Under the ACA, larger businesses are required to provide affordable healthcare if they have 50 or more employees. Full time employees work 30 or more hours per week. A company who has a small group of employees has less than 50 full time employees. They can provide coverage for these employees and receive tax credits, but law does not mandate it.

Group Plans

Many small businesses choose to purchase CT insurance or group plans. There are certain requirements for these plans. Certain essential health benefits must be covered on all plans regardless of where you purchase it. Additionally, the premium amount cannot change due to a person’s medical history.

If you are interested in purchasing a group plan and have a small group of employees, then contact an insurance agent for help. This way you can choose the right coverage.

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