The Affordable Care Act (ACA) is the national health reform, which includes new responsibilities and opportunities for employers.
The bill provides incentives to help make offering health insurance coverage to workers easier and, in some cases, more affordable.
The official ObamaCare enrollment period ended on March 31, 2014. Important Notice: Its urgent, to avoid future fines and penalties, to sign up for health insurance under the Affordable Health Care Act.
New York Individuals & Families: Find out the most cost efficient healthcare insurance for you.
What you need to know
- As a small business owner you can make available multiple health and dental plans at a variety of price points to meet your employee’s needs and select an effective date of coverage that works best for your business.
- Participation in the Marketplace provides access to the Small Business Health Care Tax Credit for qualified employers that can cover as much as 50% of the your contribution toward employee premium costs.
- The Small Business Marketplace gives business owners the flexibility to define the coverage tier and the contribution level.
- As a business owner you can choose a contribution level that works for you, and your employees can choose a plan that works for them.
- You only get one monthly bill.
Some businesses with 25 or fewer employees may qualify for a federal tax credit of as much as 50% of your employer contribution.
To check if you qualify use this calculator visit NY State of Health.
Employers and their Employees
If your company is covered by the Fair Labor Standards Act, you must have provided a written notice to employees informing them:
- About the Health Insurance Marketplace.
- That, depending on any coverage you offer, they may be able to get lower costs on private insurance in the Marketplace based on their income.
- That if they buy insurance through the Marketplace, they may lose the employer contribution (if any) to their health benefits.
If you are an employer or employee with questions please call:
Available Monday through Friday, 8 a.m. to 8 p.m. Saturday, 9 a.m. to 1 p.m.