As a small business owner, you may have questions about health insurance. Fortunately, the Affordable Care Act (ACA) has changed the way employers provide health insurance coverage. By 2015, companies that employ 50 or more employees must provide health insurance coverage to their employees. Those who do not meet the criteria for full-time employment are still required to provide coverage. If you’re an employer who’s not sure whether you should offer health insurance, start with the basics.
Health care is a fundamental benefit. Companies are legally obligated to offer it. Providing medical care to employees is a way to keep employees healthy and to match market standards. It also gives employees fast and easy access to doctors. This is vital for the bottom line of any company. BAN members have the opportunity to use HealthJoy’s all-in-one mobile app. The platform includes cost containment, engagement and communications tools that help employees understand their benefits.
The ACEC and WellNet recently announced the expansion of their leadership team, adding Chief Revenue Officer Dave Earle to its team. The company also released its WellNet+ solution, which leverages aligned incentives, its proprietary analysis Blade, and turnkey packages to help companies save anywhere from 10% to 40% on their healthcare costs. In addition to launching the WellNet+ platform, the company also launched a virtual Watch Party, which brought together industry leaders and advisers to preview million-dollar cost-saving results for clients.