By now most business owners are talking about healthcare reform—also called the Patient Protection and Affordable Care Act (PPACA) or the Affordable Care Act (ACA). Beginning in 2015, employers with 50 or more full-time equivalent employees (based on the number of workers who put in 30 hours per week on average) are required to provide health insurance for their employees. Companies that fail to comply with these new laws by January 1, 2015 will face fines of $2000 per employee. And the longer companies wait to find health insurance coverage the more difficult — and expensive — it will be to obtain.
Health insurance provided by an employer must meet minimum standards to comply with ACA.
Contact The Contractors Plan today to develop your ACA strategy. We can help you choose benefits plans that work for your business and your employees and satisfy applicable laws.
Want the latest official word?
See the .gov ACA resources for small businesses.
Does ACA apply to you?
Which employees must be covered? Take our quiz and find out now.