The Internal Revenue Service (IRS) released the maximum individual mandate penalty an individual or family will pay for not having health insurance in 2014 -- $2,448 per person annually or $12,240 for a family of five.
Some small businesses and startups consider grossing up employees' salaries or wages to help with their individual health insurance. For example, a business might offer a taxable raise, stipend, or salary bonus with the hope that employees will use it on health insurance. Why?
Less than half of all small employers are currently offering health insurance because it is too expensive. That’s over 2.3 million small employers that aren’t offering health insurance to their employees. As an alternative to group health insurance, small employers are switching to a defined contribution solution to reimburse individual health insurance. Here are five things every small employer needs to know about individual health insurance.
Recruiting and retaining great employees is important to every company; from major global corporations to the newest small business. Getting the best talent requires you to give them great compensation, and health benefits are a key part of the compensation you offer.
Early this month it was announced that consumers with Marketplace health plans would be able to auto-enroll in 2015, meaning they would not have to fill out a new application or go back through Healthcare.gov to renew their coverage. While auto-enrollment was intended to create ease for consumers, industry experts warn that auto-enrollment could lead to costly surprises for many enrollees.
Most employers (83 percent) say the Affordable Care Act is driving up the costs of their employer-sponsored health plans. A quarter (25 percent) say they are considering abandoning their health insurance plans altogether. This is according to a new survey by Cherry Bekaert Benefits Consulting.
Premium tax credits are available to the majority of individuals and families who do not receive insurance through work. A common question is: "Am I eligible for the premium tax credits?" This article provides an overview of premium tax credit eligibility.
Disclaimer: The information provided on this website is general in nature and does not apply to any specific U.S. state except where noted. Health insurance regulations differ in each state. See a licensed agent for detailed information on your state. Zane Benefits, Inc. does not sell health insurance.