Under ObamaCare, small businesses (<50 employees) aren’t required to offer health insurance, but most want to. And, there are new advantages of individual health insurance such as the premium tax credits and guaranteed-issue coverage.
All of these factors leave many small business owners asking “Can I just reimburse employees’ individual health insurance in 2014?”
Under ObamaCare, small businesses (<50 employees) aren’t required to offer health insurance, but most want to. And, there are new advantages of individual health insurance such as the premium tax credits and guaranteed-issue coverage.
All of these factors leave many small business owners asking “Can I just reimburse employees’ individual health insurance in 2014?”
Can Employers Reimburse Employees’ Individual Health Insurance in 2014?
The answer is yes – employers can compliantly reimburse employees for their individual health insurance in 2014 – if a Section 105 plan is formally set up and administered. Here’s the how and the why.