As a North Carolina Business, Do I Have to Offer Employer Health Insurance to All Employees?
The short answer is no — under the new healthcare reform, no North Carolina employer is required by law to offer health insurance coverage to their employees.
If you are a large business, there is a stipulation under the Affordable Care Act that may require you to make a tax payment to the government in 2015 called the Employer Shared Responsibility Payment (ESRP).
The ESRP applies to certain businesses with 50 or more full-time equivalent (FTE) employees who do not offer employer insurance coverage meeting certain standards — essentially, your company will only have to make this payment if at least one of your FTEs can receive lower costs on their monthly insurance premium by buying through the Health Insurance Marketplace as opposed to receiving coverage through you (their employer).
Small companies in North Carolina with 50 or fewer FTEs are not subject to the ESRP requirement. If they so choose, these businesses may opt to shop for small business health insurance plans through the SHOP Marketplace.
Whether you’re a small business or a large business interested in learning more about employer health insurance options or requirements, the team at Independent Benefit Advisors is here to help. Give us a call today at (919) 303-9690 to get started.
Businesses across North Carolina rely on Independent Benefit Advisors for insurance assistance in Apex, Raleigh, Durham, Cary, Charlotte, Fuquay-Varina, Greensboro, Rocky Mount, Sanford, Wake Forest, and other North Carolina locations.
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