Effective July 1, 2015 employers who provide monetary compensation for their employees to purchase, or pay for medical expenses may be subject to a tax penalty. This is another tax penalty that no one currently is discussing, and may affect employer groups of less then 50 employees.
Beginning in the health insurance plan year 2016, under the affordable care act (ACA) employers who employ at least 50 Full-time, or equivalent employees and do not offer credible, minimum essential coverage, and atleast one of your employees obtain health insurance coverage through the Nevada Health Link Exchange, or the Health Insurance Marketplace, you business may be faced with an assessment of $2,000.00 per employee after your first 30 employees (Nevada Insurance, 2015).
For employers who provide some medical benefits and it do not qualify for minimum essential coverage, the assessement will be $3,000 for each full time employee that is not offered minimum essential coverage.
Employers who provide health insurance that meets minimum essential coverage, but does not meet minimum essential value, or in unaffordable the assessement will be $3,000.00 for each full time employee that fails the affordability test.
The affordability test means the employee contributions to the health insurance plan will not exceed 9.5% of the employees modified adjusted gross income.
Health Insurance is becoming more complex, we strongly urge you to contact your local broker for assistance.
Dante Thompson, Licensed Broker is available to help your company navigate the health benefit providers, and select the health plan that is acceptable for your company, and your employees.
OPEN ENROLLMENT IS SCHEDULED FOR NOVEMBER 1, 2015 TO JANUARY 31, 2015
The State of Nevada is a State Based Health Insurance Exchange, utilizing the resources of the Health Insurance Marketplace to complete, and manage Nevada Health insurance enrollments.
The affordable care act or ACA has changed the way people purchase health insurance, for starters many american's now have an oppurtunity to apply for medicaid in the state in whcih they reside. Another point is american's who enroll in a ObamaCare plan or QHP (Qualified Health Plan) can save on things link monthly premiums, copays, and deductibles.
Health insurance for the LGBT Community, with many states recognizing same-sex marriage and domestic partnerships; couples can apply as a family and save big. For example, instead of being forced to purchase seperate insurance policies due as before now with the new changes insurance may include both couples and dependent children.
Their are many plans to choose from, which range from Platinum, Gold, Silver or Bronze. Each coverage level has set healthcare cost associated with each.
The best way to predict your premium will be to determine if you will be eligible for a subsidy, their are many subsidy calculator's available on the internet. Contact us for the best one.
Medicaid : Income Less that 138% FPL
(Final Determination is with State Medicaid Office)
CHIP: (Final Determination is with State Medicaid Office)
Subsidy: Income between 139% and 400% FPL
Cost Sharing: annual household income at or below 250% of the FPL, OR an annual household income at or below 300% of the FPL for American Indians and Alaska Natives and enroll in a Silver Plan.