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.

 

Vermont Individuals & Families: Find out the most cost efficient healthcare insurance for you.

 

What you need to know

 

Businesses with 50 or fewer full-time equivalent (FTE) employees can use the Small Business Health Options Program (SHOP) to offer coverage to their employees.

 

Through SHOP you control the coverage you offer and how much you pay toward premium costs.

 

Should I offer coverage to my employees?

 

Vermont Health Connect offers the Small Employer Estimator tool to determine if offering coverage makes sense for your business.

 

To access this tool visit HealthConnect.Vermont.gov

 

What if what my employer offers is unaffordable?

 

If your employer offers health coverage that is not considered adequate or affordable, then you are eligible to receive tax credits and cost-sharing reductions on Vermont Health Connect.

 

To know if your health coverage is considered adequate or affordable use the Affordability Calculator by visiting HealthConnect.Vermont.gov

 

Tax Credits

 

If you have 25 or fewer employees and offer health coverage, you might be eligible for federal tax credits.

 

Vermont Health Connect offers small businesses a Tax Credit Calculator to find out if you are eligible.

 

To calculate your savings go here

 

Enrollment

 

Employer – Once you have your employee’s information you can browse and apply for coverage by going here.

 

You will need:

 

  • Employer Identification Number (EIN)
  • Business type information
  • Business address
  • A full list of each employee for whom you would like to offer coverage
  • You must provide information for each employee, including their date of birth and social security number.

 

Employees – Once an employer gives you an Employer ID and Security Code you can apply by going here.

 

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.

 

Help

 

If you are an employer or employee with questions please call:

 

1-855-899-9600
TTY: 1-888-834-7898

 

Vermont Health Connect also offers employers a Help Center at http://info.healthconnect.vermont.gov/sb

 

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