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Employer Sponsored Group Plans

Go2insurance360 puts Insurance Benefits and Compliance at your fingertips. We’re the one-stop solution that gets you back to doing what you do best—building your business.

We work with Employers to design and integrate benefit plans that meet the unique requirements of your business. We listen, develop, and implement programs and products tailored specifically for your organization and its employees.

We offer a variety of group health insurance plans to meet the needs of both large and small businesses. Your employees are your greatest investment. Providing health and wellness solutions for your employees is a critical factor in recruiting and retaining the best talent for your company so you can run a healthy business.

Offering the “right” health insurance plan is one of the most important decisions you can make as a business owner. Keeping employees happy and healthy helps to maintain productivity and satisfaction which benefits you in the long run.

 

Your small business may qualify for the tax credit for providing health insurance to employees if:

  • you contribute at least 50 percent toward employee premium costs,
  • you employ fewer than 25 full-time equivalent employees,
  • you pay an average annual salary of less than $50,000

The contribution requirement also applies to vision, dental and other add-on coverage. Employers with 10 or fewer full-time equivalent employees paying an average annual wage of $25,000 or less are eligible for the maximum tax credit.

What if my employee has purchased a qualified health plan through a Public Exchange?

If the employee elects to keep their individual coverage through a Public Exchange, they may do so. However, if their employer’s plan is considered “affordable” (I.e. their employee contribution toward the employer-sponsored health plan for single coverage is less than 9.66% of their income) and the employer offers a plan that meets the minimum value standard, the employee would NOT be eligible for any tax credits or cost-sharing reductions for any months that they continue to be enrolled in an individual qualified health plan.

If the employee contribution toward the employer-sponsored health plan is considered “unaffordable” or does not meet the minimum value standard, the employee may be eligible for tax credits and cost-sharing reductions for any months they continue to be enrolled in the individual exchange.