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Businesses Renew Early To Prepare For The Affordable Care Act

Businesses - as of September 2013 - Maryland small businesses are required to give written notice to all their employees letting them know that the Maryland Health Insurance Exchange will be open October 1, 2013 and they may be eligible for a health insurance discount(rebate) starting this coming January 1, 2014. Many businesses are renewing their group plans early 12/1/13 to delay dealing with the affordable care act until 12/1/14. This gives them not only time to plan for this major change but gets them away from the initial impact of this major change, In other words it will take at least six months to smooth out the initial enrollment issues.

Small business with fewer than 25 employees may be eligible for a health insurance rebate of up to 50% when their employee's have incomes of less than $25,000 and the employer pays 50% or more of their employee's health insurance coverage starting March 1, 2015.

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  3635 Old Court Road | Baltimore, Maryland 21208 | 410-484-2544 | 1-800-345-2910