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The number one question we get from employers is: Will I have to pay a penalty if my company doesn't provide group health coverage to our employees?

Here's the first part of the answer:

If your business has less than 50 full-time equivalent employees, you will not be subject to any penalties for not providing group health insurance.

The calculation of equivalent employees includes part-time and seasonal employees. If you’d like details of how to make this calculation for your business, you can download a PDF. It's on the third page. EmployerPenalties.pdf

Depending on your employee mix, you may decide to cancel your group policy. That’s because starting January 1, 2014, individual coverage cannot be denied based on pre-existing conditions.

And your employees may be eligible for Federal subsidies.

It’s too soon say whether this will work. If you have questions, please ask us. As details come out, we'll help you figure out if this is a good or bad idea for you.

If you have 50 or more full-time equivalents, then penalties may apply. More details to follow.

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