The ACA timeline for 2016 has six mandates that affect small business owners.
One of these mandates is the definition of small group. The expansion of small group includes payroll of one to 100 full time eligible employees. If your business model is to attract and retain quality employees, one of the greatest tools that our workforce is in need of is benefits.
You are not required to provide benefits yet, but a progressive business owner usually does. We work with your CPA to find room in your budget for such a plan. Within your budget, we identify your needs and suitability for the employees that we will be serving. We will research, make suitable suggestions and manage the benefits for what usually is a diverse workforce. There could be a broad spread in the needs and the ability to pay premiums (employee cost sharing) from the least compensated to the highest compensated employees in many cases.
Please call us. This is a federal law and we want to make sure you’re on the right track, that you’re growing your business and that you’re compliant.