New York, NY -- (ReleaseWire) -- 08/10/2016 --In 2016, the "employer mandate", a new requirement under Obama Care or the Affordable Health Care Act mandates that all businesses with 50 or more full-time equivalent employees (FTE) provide health insurance to at least 95% of their full-time employees and dependents up to age 26. Any employers who do not adhere to this new requirement will pay a fee.
Visit this site here to read more about the employer mandate under Obamacare.
As a result, many businesses are struggling to keep up with these new demands and find employer insurance plans that are right for their employees and that also fit within the scope of their budgets.
In an effort to help businesses and entities find employer insurance plans to offer employees, Marc Sporn Health has risen to the challenge of helping businesses adhere to and remain compliant with the Affordable Health Care Act.
About Marc Sporn Health. Marc Sporn Health is an organization founded by Marc Sporn. Marc Sporn Health was established with the mission to serve as a resource for both individuals and businesses who seek assistance or guidance with navigating the Obamacare system and to help create more awareness surrounding the availability, access, and affordability of the Affordable Health Care Act.
The community that supports Marc Sporn Health believes that the Affordable Health Care Act is a great start to providing the people of the United States with more affordable health care options. The community and its supporters also believe that more changes and improvements to the Affordable Health Care Act will only make it a better fit for individuals, families, and businesses.
Employer Insurance Plans under Obamacare. Under the recent employer mandate, small- and medium-sized businesses throughout the nation must now adhere to the following guidelines:
- Must provide employees with reports on the Health Care Marketplace
- Must offer health care coverage and options to new employees within the first 90 days of their start date
- Employers must provide employees with a "Summary of Benefits and Coverage (SBC) disclosure rules
- Employees cannot contribute more than $2,550 per year to their FSAs
- New rules surrounding Workplace Wellness programs
- Report information on health coverage
Visit this site here to read more on how the Affordable Health Care Act affects small businesses.
As mentioned above briefly, businesses who have 50 or more full-time employees must provide health insurance coverage and options to a minimum of 95 percent of employees. This 95 percent likely includes full-time employees, who aren't considered "flex" employees, temporary employees, or employees who work less than half time.
However, one of the biggest concerns for small businesses is acquiring health plans that meet these requirements, yet are affordable. In a scramble to avoid fees, fines, and penalties, many businesses are looking for help in these areas in order to find a great plan to offer employees that is also affordable.
How Marc Sporn Health Can Help. Marc Sporn Health was established to help both individuals and businesses gain access to affordable and available health insurance. This is one reason why the community of supporters at Marc Sporn Health are devoted to serving as a resource for businesses to help them navigate the Affordable Health Care Act system, adhere to the employer mandate, and to find employer health plans that fit the business as well as fit within budgets.
About Marc Sporn Health
Marc Sporn Health is one of the most reliable and experienced community of supporters who truly help individuals and families navigate the system. The team at Marc Sporn Health isn't like any other provider. The team takes the time to listen to the business' needs and works to help them to meet their goals in terms of budgets and compliance.
To learn more about the Affordable Health Care Act or to learn more about Marc Sporn Health, connect with us and follow us on social media today.