Health coverage is a difficult and expensive part of any business. You can’t attract good employees without good health care, and the evolving legal landscape means that the required coverage may change. That’s difficult for small businesses to navigate. But what happens as your business grows? Some of it’s good, some of it’s bad.
Minimum Number of Employees
Right now, you’re not required under federal law to pay an employer part of health insurance until you reach 50 full-time equivalent employees, according to the IRS. You can offer health care coverage when you have fewer employees, but once you hit 50 people, you’re required by law. That’s a big number for any employer, so keep your eye on that number as your company grows.
To keep reading, click here: How Health Coverage Changes as Your Company Grows