Group Health Plans for Companies with Over 50 Full-Time Employees
As a company with over 50 full-time employees, you are required to offer health insurance that meets the standards set by the Affordable Care Act (ACA). Our group health plans provide comprehensive coverage and ensure your business remains compliant.
- Comprehensive Coverage: Our plans cover a wide range of services including doctor visits, hospital care, prescription drugs, and preventive care.
- Employer Mandate Compliance: We help you meet ACA requirements, avoiding penalties while offering affordable, quality coverage to your employees.
- Plan Options: Choose from HMO, PPO, and High-Deductible Health Plans (HDHP) with Health Savings Accounts (HSAs) to suit your company’s needs.
- Wellness and Preventive Care: Integrated wellness programs and preventive care services promote employee health and reduce long-term costs.
- Ongoing Support: We provide continuous support and education to ensure your employees understand and maximize their benefits.
group and Individual Plans for Companies with Under 50 Full-Time Employees
For companies with fewer than 50 full-time employees, providing health insurance isn’t mandated, but it’s a valuable benefit that can attract and retain top talent. We offer flexible individual plan options that can be tailored to meet your business's budget and your employees' needs.
- Affordable Options: Access individual health plans through the ACA marketplace, offering a range of coverage levels (bronze, silver, gold, and platinum).
- Flexibility: Employees can choose from different plan types that best fit their personal health needs and financial situations.
- Tax Credits: We guide you through eligibility for small business tax credits, which can offset the cost of providing health insurance.
- Employee Assistance: We provide tools and resources to help your employees select the right plan for their needs.
ICHRA/QSEHRA for Companies of All Sizes
Individual Coverage Health Reimbursement Arrangements (ICHRA) and Qualified Small Employer Health Reimbursement Arrangements (QSEHRA) are innovative solutions for companies looking for flexible and customizable health insurance options.
- ICHRA (Individual Coverage Health Reimbursement Arrangement):
- Customizable: Employers of any size can offer a fixed allowance to employees, who can then purchase individual health insurance that best meets their needs.
- Compliance: ICHRA meets ACA requirements, making it a great option for larger employers looking for an alternative to traditional group health plans.
- Flexibility: Tailor reimbursement levels based on employee classes (e.g., full-time, part-time, seasonal).
- QSEHRA (Qualified Small Employer Health Reimbursement Arrangement):
- For Small Businesses: Ideal for companies with fewer than 50 full-time employees who don’t offer a group health plan.
- Tax-Free Reimbursements: Provide tax-free reimbursements for individual health insurance premiums and eligible medical expenses.
- Employee Choice: Employees choose their health insurance, giving them greater control over their healthcare options.
- Simplified Administration: ICHRA and QSEHRA reduce administrative burden, with straightforward setup and management.