One of the most overlooked benefits of the Affordable Care Act, are the subsidies available to small businesses. While companies with up to 50 employees do not have to provide insurance for their employees, at the same time they are likely to be eligible to be for government subsidies under the Small Business Health Options Program (SHOP). This can amount to major savings for employers who wish to provide their employees with health care – unlike their larger counterparts.
- In the past, small businesses have paid around 18% higher on average in terms of insurance rates, than larger companies
- Only around 1,200 out of the 700,000 small businesses in California have signed up through SHOP, meaning that many could still benefit
- Tax credits are also available for businesses with less than 25 employees, who are being paid on average less than $50,000
Many small business owners and individuals alike have been deterred from finding health insurance, due to stories of red tape, and overwhelming costs. At HEALTH PLANS 4 LESS™, our job is to help you cut through all of that to what really matters – insurance for yourself, and your employees.
Our services are always offered at no charge to our clients, so there’s no need to worry. If you have 10 or fewer employees, there may be better and more affordable ways to provide coverage for your employees. Just give us a call at (866) 619-2407 and we’ll help you explore a whole new array of cost-saving options.