Only if you have 50 full-time employees or full-time equivalent

The hours of part-time employees are added together to equal one full-time employee. For instance if you have 2 part time employees working 15 hours per week, that would equal one full time employee.

That is correct, employers with fewer than 50 full time or equivalent are under no obligation to offer group coverage to their employees.

In 2024 you would pay a penalty of $2,970 per employee, minus the first 30.

For example, if you have 100 employees, you would pay $2,970 times 70 employees, for a total of $207,900

At least one of the plans you offer must cover at least 60% of a hypothetical $10,000 medical bill, and the cost of the plan cannot exceed 8.39% of an employee’s annual income.

If your plan was in place prior to march 23rd 2010 and you have not made any substantial changes to it, you will be able to keep your current plan.

When your plan renews you will have to switch to a plan that is healthcare compliant.

The plan you offer to your employees must include all ten of the ‘essential health benefits,’ and in 2024, the Out-of-Pocket Maximum cannot exceed $9,450 for an individual, and $18,900 for a family.

You will pay a penalty of $4,460 per employee that purchases subsidized health insurance on the Federal marketplace.

No, starting in 2014 the longest waiting period for new hires is 90 days.

Tax credits are available for companies with fewer than 25 full time employees and the average employee makes under $50,000 annually. However in order to receive the tax credits (35%) you must purchase your coverage from the Small Business Health Exchange (SHOP).

You only need two full-time employees, which can include 1099 employees.

If an employee’s cost exceeds 8.36% of their household income, they will be able to purchase health insurance on the Federal Health Insurance Marketplace and they will receive tax credits to help pay the premium.

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