Answer- No. Smart answer- Depends on the situation.
If you are an employer with less than 50 employees, you can offer as little as you want. In fact, it might be smart to offer less to your employees so they can take advantage of the premium tax subsidies available to them on the exchange. Don't worry, we'll handle the math so you can spend more time working (or golfing!). We'll suggest contribution plans that save you money while ensuring your employees are able to access affordable health insurance.
For employers with more than 50 employees, the ACA mandates that you offer your employees "affordable" health insurance. If an employer does not offer affordable coverage, they are subject to a fine for every employee that goes to the exchange and qualifies for a premium tax subsidy. Our platform calculates the perfect plan contribution options for you to offer your employees a great benefit while keeping your costs down. Sounds complicated? Let us sweat the small stuff while you can rest assured knowing you are saving money and your employees have access to a great health benefit.