Providing health insurance helps workers stay healthy and productive, and gives your business an edge in recruiting quality candidates. However it can be challenging finding the right plan for a diverse group of employees by yourself.
Small businesses with 50 or fewer employees can find a broad choice of plans from multiple insurance companies. No matter how many plans you select, you receive one monthly bill.
Enrolling through MNsure allows you to set the dollar amount you’ll spend, gives your employees more choice in selecting a plan that is best for them, and provides you a seamless shopping experience to compare and purchase plans while describing the costs and benefits in plain language.
Businesses with fewer than 25 employees, that purchase through MNsure, may qualify for tax credits to help pay for employees’ coverage. Started in 2014, the tax credit covers up to 50 percent of employer-paid premium costs for taxable organizations (35 percent for tax-exempt organizations). To qualify, you must:
- Provide health insurance to your employees.
- Pay at least 50% of employee-only health insurance premiums.
- Pay average annual wages of less than $50,000.
Visit https://www.mnsure.org/employer-employees/ for more information, and consult your tax advisor.
Employers unable to provide health insurance can refer employees to our office, for help in finding a plan and applying for financial help.
Call us at 952.746.5959.