Terry Scott Insurance Agent shares What Businesses and Individuals Need to Know with the ACA

Since I'm an insurance agent and on this side of the business, it's my duty to stay abreast on the trends in the industry. And because I'm not the typical insurance agent, I don't keep this to myself, I share it with my clients and anyone who reads this blog (I know other agents in the industry read this and I welcome and invite them to do so). Finally before I share today's article, as always I'll let you know that I have my hands full with my commitment to assisting clients in MN and WI (I usually have 3 to 4 face to face appointments and 10 phone calls to take care of every day minimum  because my business has been built on referrals) however, it you are in any other state and have questions, I will do my best to answer them and/or I will refer you to another reputable agent in your area!

Here's a link to an informative article about business people insuring their employees now with the ACA in place. Please take a moment to read it; it may be the most important thing you'll read about to protect your business today!

ARTICLE: Next year (2015; this was published December 2014) will be the first year that small businesses face penalties under the Affordable Care Act if they don’t provide health insurance coverage for employees. Those with 100 or more full-time employees will have to provide insurance to at least 70% of them; in 2016 that threshold drops to 50 or more full-time employees and coverage extends to 95%. Although this “employer mandate” is the law, small business health insurance is also a way to attract top talent and keep them from jumping ship. Businesses spend about one-fifth an employee’s annual salary to replace them.
READ MORE HERE. 

Make it a great day!
Terry Scott
Insurance Agent