Beginning in 2014, employers may face large penalties if affordable health insurance is not offered to employees. Bernardini & Donovan Insurance Services helps you determine your responsibilities as an employer under the Affordable Care Act.

Which type of group healthcare is considered affordable under terms of the Act?

Affordable care means that less than 9.5 percent of the employee’s gross income goes toward health insurance premium. Additionally, the employer must pay at least 60 percent of the policy premium.

I have a small business; will I face fines if I don’t offer affordable healthcare coverage?

If you have less than 50 full-time employees, you will not have to pay penalties.

I have a company with 50 or more employees, what happens if I don’t offer affordable coverage?

If your company with 50+ employees does not offer affordable coverage, you will face penalties that begin at $2000 multiplied by the total number of employees, minus 30.

Companies that offer group healthcare plans conforming to the terms of affordability under the Act will not face any fines, according to information provided by the Henry J. Kaiser Family Foundation.

Please contact Bernardini & Donovan Insurance Services at 877-251-2447 for more information about how the Affordable Care Act will affect businesses in  Redlands, CA ,and throughout California.

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