Need help with Employee Benefits? Talk to us.
We empower employers with everything needed to control healthcare costs and manage benefit programs efficiently.
We empower employers with everything needed to control healthcare costs and manage benefit programs efficiently.
We empower employers with everything needed to control healthcare costs and manage benefit programs efficiently.
Sponsoring a robust employee benefit program has its advantages but also comes with a robust set of challenges and responsibilities. Among these, none may be more crucial than meeting strict deadlines for rigorous and some times complex, administration and compliance requirements. Penalties for missing a deadline can be costly.
As your benefit partner, we help you tackle the most complex compliance issues, including complying with the Affordable Care Act (ACA), in addition to assisting you with tedious administration associated with your benefit programs. Click the tabs below for a sampling of the compliance services we provide.
Services ensuring your compliance with the ACA include:
Services ensuring your compliance with the ACA include:
The Affordable Care Act, often called Obama Care, was introduced back in 2010. It's was a big change in the healthcare system designed to make sure everyone has access to health care. It currently requires companies with 50 or more full-time equivalent employees to provide health coverage for their staff. It's been quite a journey as the law keeps changing and growing more complex. As benefit consultants, we’re here to help you navigate ACA requirements and all the healthcare reforms to make sure your business stays compliant and avoids any IRS penalties. Click the tabs below to learn more.
Your employer sponsored benefits must comply with the “Essential Benefits”* of ACA. Specifically, to be in full compliance with the law, your insurance policy must cover at least 60% of the costs these essential benefits. These benefits include:
*We provide innovative solutions that help you comply with the essential benefits requirement of the ACA.
Small Businesses may be eligible for a tax credit under ACA healthcare reform laws. Thus, the credit is applied as a discount on your monthly insurance premium. We can help you determine if you are eligible, or use the Small Business Tax Credit Calculator provided by the Health Insurance Marketplace to determine eligibility. Your must purchase your benefits through the Health Insurance Marketplace to secure your tax credit and premium discount. Save the headache and let us guide you through the process. We work with many of the top carriers on the exchange and will help you determine which plan is best suited for your company, it’s employees and their families.
Employers who have more than 50 full-time equivalent employees must offer those employees benefits that pay for 60% of the minimum essential benefits. If you are in non-compliance in 2025, you will incur a penalty of $2,900 (down from $2,970 in 2024) per year multiplied by the number of full-time employees, and excludes the first 30 employees. Additionally, the penalty is increased each year by the growth in insurance premiums. However, note you may also incur a penalty when at least one of your employees receives a premium tax credit in the Health Insurance Marketplace (Exchange).
Your employer sponsored benefits must comply with the “Essential Benefits”* of ACA. Specifically, to be in full compliance with the law, your insurance policy must cover at least 60% of the costs these essential benefits. These benefits include:
*We provide innovative solutions that help you comply with the essential benefits requirement of the ACA.
Small Businesses may be eligible for a tax credit under ACA healthcare reform laws. Thus, the credit is applied as a discount on your monthly insurance premium. We can help you determine if you are eligible, or use the Small Business Tax Credit Calculator provided by the Health Insurance Marketplace to determine eligibility. Your must purchase your benefits through the Health Insurance Marketplace to secure your tax credit and premium discount. Save the headache and let us guide you through the process. We work with many of the top carriers on the exchange and will help you determine which plan is best suited for your company, it’s employees and their families.
Employers who have more than 50 full-time equivalent employees must offer those employees benefits that pay for 60% of the minimum essential benefits. If you are in non-compliance in 2025, you will incur a penalty of $2,900 (down from $2,970 in 2024) per year multiplied by the number of full-time employees, and excludes the first 30 employees. Additionally, the penalty is increased each year by the growth in insurance premiums. However, note you may also incur a penalty when at least one of your employees receives a premium tax credit in the Health Insurance Marketplace (Exchange).
*This information provided applies to employers. If you are an individual seeking information on how healthcare reform affects you, click here.
Take care of the people that matter most with solutions designed around you.
Security First Benefits Corporation
2357 Stonebridge Dr.
Flint, MI 48532
Let’s chat about our dedicated employee benefit and compliance advisory services, in addition to value-add administration and HR tools.
It is often said that business owners must become health insurance experts to offer employee benefits which is a common and true frustration due to the real complexities involved. These include high costs with limited negotiating power, strict and complex regulatory landscape, intense administrative burden, and the list goes on.
Our primary goal is to make life easier for employers and their HR teams by providing the tools and knowledge they need to navigate these complexities. We strive to help you avoid being blindsided by the ever-evolving landscape of regulatory compliance, ensuring that you are always prepared and informed about the latest changes that may impact your business.
We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options.
Other Important Disclaimers: Security First Benefits Corporation is a licensed health insurance agent authorized to market Medicare Insurance Plans. This is a solicitation for insurance. Please note a sales agent may call as a result of your inquiry for a quote. The benefit information provided herein is a brief summary, not a comprehensive description of benefits. For more information contact the plan. Limitations, copayments, and restrictions may apply. Please note you have no guarantee issue.
Security First Benefits Corporation is not part of the Federal Medicare System.
Interested in an account? Contact us.
