If you are the one of 2.7 million US small businesses that does not offer health insurance, here's something you've probably heard of employees: "We have to buy health insurance now. The company can help us to pay for it? "Let the employees asked directly, or you hear conversations at the water fountain, you know employees appreciate help paying for health insurance. 
in fact, now that Americans are mandated to have either coverage or pay a penalty tax, health insurance leads for the owners and employees of small businesses, as well.
Thus, when employees start to ask for help to pay for health insurance, and you want to help with the cost, what are your options? you have a couple. Let's look eye.
2 Options When employees ask for help Paying for health insurance
There are two simple approaches you, as an employer can take to help employees with the cost of individual health insurance bought
both approaches are :.
-
a taxable allowance: Employees receive a fixed, taxable allowance to buy health insurance. Essentially, the company provides majorises wages or taxable increases
-
A formal plan of tax-refund :. With a formal, tax-free provision, employees receive a fixed amount of the allowance to buy health insurance, but only receive money if they actually buy health insurance.
What is the best approach?
A taxable allowance is simple to install and manage, but the company and the employees pay taxes. And there is no guarantee employees use the money on health insurance. Another consideration is that it is difficult to take an allowance, if the company decides to offer a different health benefit in the future.
A formal repayment plan feels like a real structured program benefits health. Employees are guaranteed to use the money on health insurance and there are tax benefits to both the company and employees. A review with a formal repayment plan, however, the employers must take steps to ensure compliance with certain rules of the health system of the Federal Group, including IRS, ERISA, HIPAA, and the new ACA market reforms. This is easy with the right provider reimbursement Software
Read more: Stipend the health insurance against a repayment plan - What is the best.?
Help Pay for employees health insurance - not to
The two approaches outlined above are consistent means to help employees "with their health insurance costs. . Which brings us to not helping employees with the cost of their health insurance
To avoid fees and penalties, not
-
Paying for health insurance of employees directly.
-
reimburse employees for their illness insurance directly without using a formal repayment plan complies.
Related - Why companies should never pay for individual health insurance premiums
Conclusion
Like most small businesses, offering traditional health insurance is not in the cards for your business. However, if employees request - directly or indirectly - for your help to pay for health insurance, know that you have two simple options to help
Employees are asking for your business help paying. for health insurance? What questions do you have? Leave a comment and we'll help you answer them.
0 Komentar