As a valuable component of a compensation package, a group health insurance plan can help you hire and retain the best workers. Plus, there are special tax incentives for businesses that provide health insurance.
Your Health Insurance Partner
Park Avenue Insurance is committed to helping you find the right health insurance plan at the right price. We offer the potential for significant savings with a chance of a claims surplus share upon renewal on new plan options available from Aetna and United HealthCare.
Our Commitment to Your Business
After preparing and securing competitive quotes/renewals, Park Avenue Insurance will serve as a year round advocate to the employer and employees. New Affordability Threshold for Premiums (Groups over 50) ALEs (Large employer) have to offer health insurance that is both comprehensive and affordable. If not, your employees could be eligible for premium subsidies in the health insurance exchange, subjecting you to an employer mandate penalty. In order to be considered affordable, an employee’s share of the premiums can’t exceed a certain percentage of their household income. For 2019, that rate is 9.86 percent. Individual Mandate The federal tax penalty for not being enrolled in health insurance will be eliminated in 2019 because of recent changes made by the Trump Administration. ... The 2018 tax penalty for not having health insurance is $695 for adults and $347.50 for children or 2% of your yearly income, whichever amount is more