Purchasing Obamacare Health Insurance in Warner Robins, Georgia

by | Sep 1, 2015 | Insurance


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Many Americans have health insurance thanks to the Affordable Care Act. The Act, also known as Obamacare, makes it mandatory for certain businesses to offer employees insurance. Employers with fewer than fifty full-time employees are exempt from the Act’s provisions. On the other hand, businesses with more than fifty full-time employees must comply or face stiff penalties. The law requires that employers pay a portion of the employees’ premiums. Further, employers are required to inform the IRS about their health insurance plan.

Understandably, many employers are confused about the new provisions. Companies, like Stone Insurance Agency, work with large employers. They make sure the company provides Obamacare Health Insurance in Warner Robins GA. Some employers are unaware of the rules like minimum essential coverage. This refers to the type of coverage provided. The plan is approved if the employee’s cost is less than 9.5 percent of their income. One of the confusing elements is dependent coverage. Obamacare Health Insurance in Warner Robins GA requires employers to provide dependent care for children up to age 26. However, they are not required to offer insurance to spouses. Additionally, employers must select a plan that pays sixty percent of medical costs. The employee is responsible for co-pays and deductibles.

Keeping track of the number of full-time employees is crucial. This is especially true for smaller businesses who are close to the threshold. Likewise, larger employers have to track the hours that all employees work. Records have to be kept on to prove that some employees are part-time and seasonal. The employer can opt to face penalties rather than abide by the Act. Employers face penalties for the following:

*       failing to offer minimum coverage to full-time employees and dependents

*      failing to offer affordable minimum value coverage

If the company does not offer coverage, employees have the right to find insurance through the health care marketplace. Employees who find insurance in the marketplace receive a subsidy or a tax credit. Their employers face fines of up to $3,000. However, the government warns that penalties may increase due to inflation. Check with an insurance agent to make sure your business is compliant. Visit their website for further details.

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