The two biggest problems facing Small Business health plans today are cost and administration - and that was before Health Reform complicated things. But a private exchange (like us!) takes care of everything so you can take care of your business.
A full-time equivalent employee (FTE) is one who is a true employee of your business, generally receiving a W-2 at the end of the year, who works 30 or more hours per week and at least 120 days per year.
Why is it important to know how many FTEs work for my business?
Under the Affordable Care Act, a small business is one with less than 50 full-time equivalent (FTE) employees. Small business are not charged penalites for not offering affordable health insurance to employees under the law.