For example, is there any federal law making this a national small business requirement.
2006-11-09 23:22:16 · 11 answers · asked by All_real 2 in Business & Finance ➔ Insurance
No.
2006-11-10 00:32:11 · answer #1 · answered by Anonymous 7 · 0⤊ 0⤋
Used to be if the company had 4 or more employees they had to buy worker's comp and the premiums to the boss were based on the number of claims. Hense the reason why when you fill out a job application that Yes you did file a Worker's Comp that they will be reluctant to call you back.
Far as health insurance. No. And they can reduce or cancel what insurance was in force at any time.
2006-11-09 23:32:40 · answer #2 · answered by Anonymous · 0⤊ 0⤋
The only state where Mandatory Group insurance is in Hawaii. Example in California, groups do not have to offer any health insurance benefits to employee's. The reason employers offer is because of:
1. Tax Benefits
2. Employee retention
2006-11-10 02:17:17 · answer #3 · answered by Anonymous · 0⤊ 0⤋
According to federal law, if the employer has 20 or more employees, it is required to provide group coverage. Otherwise, no provision of insurance is required. State laws vary, so I would recommend submitting an inquiry to your state board of insurance.
2006-11-11 06:31:26 · answer #4 · answered by mike w 4 · 0⤊ 0⤋
No, it is completely up to the business owner to offer group benefits BUT you cannot inforce a group health plan and you are the only one that takes it. If you put a group health plan in force you must offer it to all eligible employees (working 25+ hours a week). They are able to waive coverage but they must be offered it.
2006-11-10 06:56:10 · answer #5 · answered by Anonymous · 0⤊ 0⤋
NO. Business under a certain size do not have to provide insurance to their employees. I know in California whereI live it used to be business with less than 50 FULL TIME employees did not have to offer any sortr of insurance...i don't know if that still applies....
2006-11-09 23:32:34 · answer #6 · answered by kveldulfgondlir 5 · 0⤊ 0⤋
No. Small businesses, and large businesses, have no obligation to provide any benefits for their employees. Many do it as a perk to keep their employees happy, but they're not required to.
2006-11-10 02:28:51 · answer #7 · answered by zippythejessi 7 · 0⤊ 0⤋
Not a requirement.
But if your employees can work for the same pay at another company that does provide health insurance, then they will leave you.
2006-11-09 23:30:18 · answer #8 · answered by fcas80 7 · 0⤊ 0⤋
The plan retains changing, so it particularly is too early to tell. probably you will get tax credit for offering insurance, so which you will ought to grant it even though it particularly is going to be in great deal subsidized via the Feds. it ought to correctly be offset via different tax breaks small corporation proprietors are meant to get (if Congress does not harm the plans too badly).
2016-10-03 11:54:40 · answer #9 · answered by milak 4 · 0⤊ 0⤋
No, they are not required to provide health coverage. If you need coverage, we provide coverage for small businesses, as well as individuals and families. http://everyonebenefits.com/40436527 contact me with any questions.
2006-11-13 07:12:35 · answer #10 · answered by Shea32 2 · 0⤊ 0⤋
no the only insurance you are required to provide is compensation in case of an injury.
2006-11-09 23:28:29 · answer #11 · answered by bungee 6 · 0⤊ 0⤋