An Excerpt From: forbes/sites/carolynmcclanahan/2012/05/30/will-employers-dump-health-insurance-coverage/ It seems clear from the construction of the law that the government wants employers to offer health insurance. To ensure this outcome, employers with more than 50 employees will pay fines if they do not offer health insurance or if the health insurance they offer is too expensive. If an employer does not offer health insurance, they will pay a $2,000 fine for each employee over 30 employees. So if you have 100 employees, your fine will be $140,000. Which is more expensive – paying for insurance for 100 employees or paying a $140,000 fine? According to Kaiser Family Foundation, the average premium for employer based coverage is $5,429 for a single person and the employer pays $4,508 of that premium. The insurance by far is more expensive than the fine.
Posted on: Fri, 04 Oct 2013 23:40:27 +0000
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