Under the Health Reform law, a “Large Business” is defined as one with 51 or more full-time equivalent (FTE) employees. If you are a business with 51 or more FTE employees, you are subject to penalties if you fail to offer health insurance.
What if a Small Business Does Not Offer Health Insurance?
Under the Affordable Care Act, a small business is defined as one with less than 50 full-time equivalent (FTE) employees. Small businesses are not charged penalties for not offering affordable health insurance to employees under the law. If a small business chooses to offer group health insurance, it might qualify for a Small Business Health Care Tax Credit by offering insurance and paying … Read More
The Best Health Insurance Options Geared for Small Businesses in Georgia
When it comes to showing you truly care about your team’s success and well-being, nothing packs a punch quite like benefits. And if you are just starting to figure out what types of benefits to offer, you have several options to consider. For small groups that have fewer than 50 employees, you are not mandated to provide health insurance. But … Read More
Employee Benefits Plan For Your Georgia Company
Great employee benefits shouldn’t be set aside for large companies alone. With the right benefits, your small business can not only attract top talent – you can retain quality employees, too. In their 2015 Workplace Benefits Study, Guardian Life found that 80 percent of workers say a comprehensive benefits package is one of the main things that influences whether they stay … Read More
Dental Insurance Becoming Crucial to Overall Employee Benefit Strategy
While employers look to focus on the diverse needs of their employee, where exactly on the priority list does offering dental insurance to employees fall? Outside of medical and vision, dental insurance is at the top of employees’ list for most desired benefits. Providing dental insurance is not mandatory, but it is a crucial benefit that entrepreneurs and business owners need to … Read More
How to Build a Competitive Employee Benefit Package
Most business owners know that success starts with the people you hire. And attracting today’s top talent requires creative, comprehensive benefits. With the right employee benefits package, you can not only recruit the cream of the crop employees, but you’ll also retain the talent you already have. The Framework of an Employee Benefits Package That Wins In the most general … Read More
About to Hit 50 Full-Time Employees? Look Out for These Compliance Benchmarks
When your business starts to grow, one of the most exciting milestones to reach is 50 full-time employees. Scaling a business rarely goes without growing pains. But if you don’t prepare, a lot can go wrong. As you move forward, you’ll want to consider how your growth may trigger certain laws and regulations. The closer you get to breaking the … Read More
Do FSAs or HSAs Work Better for Your Employees?
It’s no question that a comprehensive benefits package is necessary to recruit and retain top talent, complete with medical coverage and offering flexible hours. However, one of the more surprising elements of a benefits package involves benefit cost management. Today, employers can offer medical savings type of accounts (like an FSA or HSA) to help with qualified out of pocket … Read More
Questions for Choosing the Right Employee Benefits Consultant
With rising health care costs and the increasing need for comprehensive benefits packages, finding a qualified employee benefits consultant is more crucial than ever. Your benefits broker can make or break your employee benefits plan. After all, the benefits you offer can directly impact: Employee health Who you hire Overall employee productivity Your workplace culture Choosing the right person to … Read More
How Your Georgia Business Can Retain Employees and Compete for Top Talent
When you’re competing against large corporations in your space, recruiting and retaining the most qualified workers can be a challenge. But before you get too down in the dumps (or even worse, give up entirely), you may want to consider changing your perspective by focusing on and pitching the assets your company has to offer. By highlighting the benefits that … Read More