The Affordable Care Act places health insurance requirements on both individuals and employers. Health Law Guide for Business created a quick flow chart to help you determine what your responsibility is under the law. Click here to view or download the chart.
Click here for the important dates about Open Enrollment in 2016 (January 31 is your last day to enroll for plans to take effect on March 1).
If you have fewer than 50 full-time equivalent employees, you are not required to provide health insurance and will not be responsible for fees. However, you should still review the options and decide what will make the most sense for you and for your business.
Remember: open enrollment closes on January 15 for plans effective February 1 and January 31 for plans effective March 1. Determining what health insurance option makes the most sense for you and your business has an impact not just on you, but on budgeting, planning, and revenue goals for the year. Take the time this week to finalize your selections so you can finalize your plans for 2016.
