The Affordable Care Act mandates that any business in the United States with more than 50 employees has to offer them an affordable healthcare plan. There is, therefore, a big market out there for individual and group healthcare plans that are designed to appeal to small businesses. The range of choice is good for competition, but it can make it difficult to navigate the market effectively.
Business owners whose businesses are too small to require them to provide affordable insurance under the ACA may want to know about what plans are out there, so they are prepared as their business expands. It’s always a good idea to have a specific plan in mind for when your employee count does creep over the magic number.
When you are choosing your health insurance, here’s what you need to keep in mind.[Read more…] about What You Need to Know When Choosing Health Insurance for a Small Business