In the field of healthcare, things are constantly changing. Some might question how this affects a business—what does this mean for you as an employer? By working with a company such as Risk & Insurance Consultants, you will be aware of new products hitting the market and other changes since PPACA has been enacted. The company’s Atlanta health insurance consultants can help administer the benefits that other agents are unsure of.

“Our youth, energy and contacts in this industry will give employers a service and product they would not find elsewhere,” stated Blake Molina, Health and Benefits Account Executive at Risk & Insurance Consultants. “Once we meet with you and understand your side of the story, we can create a plan of action that would get your benefits in line with law without sacrificing coverage for your employees.”

Here is a list of things you should know about healthcare reform as an employer:

•    Larger employers (50+ employees) who don’t provide essential health benefits will be fined $2,000 x the number of employees in excess of 30 full-time workers.
•    Businesses with fewer than 50 employees are exempt from these penalties.
•    Assuming the risk for your employees under a self-funded plan is generally regulated by the Employee Retirement Income Security Act and exempt from state insurance regulations.
•    In 2014, certain small businesses (fewer than 25 employees) that purchase coverage through the state may receive tax credit up to 50 percent of the employer’s contribution towards the premium.
•    If employees pay over 9.5 percent of their income for health insurance, the plan is considered unaffordable and may be penalized.

For more information about what type of insurance is best visit, www.riskandinsuranceconsultants.com.