FAQs – Small Employers

Happy EmployeesHow will I know if my small business is eligible for tax credits?

Employers, who have up to 25 employees, provide health insurance and pay an average annual wage of less than $50,000 may qualify for a Small Business Health Care Tax Credit. Starting in 2014, the Small Business Health Care Tax Credit will increase to 50% (35% for non-profits) and will only be available through the Exchange. More questions and answers regarding the small business tax credit are available on the IRS website.

How will the Marketplace benefit my business?

Small businesses with 50 or fewer employees may purchase health and dental insurance coverage through the Small Business Marketplace. The Marketplace will make it easier for employers to compare the benefits, premiums and quality of different health plans. The marketplace will also give small employers the flexibility to choose a health plan for their employees or set the amount they will contribute toward coverage and allow their employees to select the plan that best meets their needs and pay the remainder of the premium.

I am a small business owner. How can I get assistance to find the right health plan in the marketplace for my employees?

Benefit Technology Group, Inc.  will be available to help small businesses make decisions about, and enroll in, health insurance. Please contact us  with your questions and concerns.

How is the NY State of health marketplace different from other online marketplaces?

Consumers and small businesses will be able to go to a state-of-the art website which will make shopping for health and dental insurance easier. The Marketplace will also be the only place where small businesses can obtain federal tax credits if they qualify.

How do I enroll my Business?

Click on the Get Started button at the top of this page.

Do I have to contribute towards the cost of my Employees monthly premium?

There is no minimum contribution required to offer employer sponsored health insurance through the Small Business Marketplace. However, if you qualify for a federal tax credit, you must contribute at least 50% of the lowest cost employee only premium.

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