Find a Plan   I    Contact Us

  • Medical Insurance

  • Other Products

  • Make Us Your Agent

  • More

    Privacy Policy

    Copyright 2014.-2019 All Rights Reserved 

    Contact Us

     

    Solutions

    Individuals & Families

     

    Medicare Supplements

     

    Request a Private Exchange Quote

     

    Contact Us

     

     

     

     

     

    • NAHU_Logo_Color.jpg
    • GAHU+logo+cut.jpg
    • AAHU+logo.gif

     

    Members of:

    LIGHTHOUSE

    BENEFIT

    RESOURCES

    Lighthouse Benefit Exchange is a national private exchange for individuals and businesses. Our technology platform offers diversity of choice, decision making assistance, and allows for better cost management from year-to-year.  

     

    Lighthouse Benefit Resources

    400 Ocean Forest, Suite 1102

    St Simons, Georgia 31522

    ​

    Enrollment Call Center:

    912-771-8230

     

    Email us HERE

     

     

    About Lighthouse 

    Find a Plan
    Featured Posts

    How does a private exchange help individuals and families?

    December 22, 2013

    Is a small business (less than 50 employees) required to offer health insurance?

    December 21, 2013

    Can I enroll in an individual health plan after Open Enrollment?

    March 31, 2014

    1/9
    Please reload

    Recent Posts

    Can I enroll in an individual health plan after Open Enrollment?

    March 31, 2014

    Do I qualify for an exemption from paying the penalty for not having health insurance?

    January 16, 2014

    My income qualifies for Medicaid, but I can't get Medicaid or an ACA plan? Why?

    January 16, 2014

    How does a private exchange help individuals and families?

    December 22, 2013

    10 Things You Need to Know About Health Reform

    December 22, 2013

    Your Personalized Consumer Guide: How will Health Reform will affect you?

    December 22, 2013

    How does a private exchange help large businesses (50+ employees)?

    December 22, 2013

    How does a private exchange help small businesses (2-49 employees)?

    December 22, 2013

    How does a private exchange help individuals and families?

    December 21, 2013

    Is maternity included in new health plans?

    December 21, 2013

    Please reload

    Search By Tags

    app

    aca

    affordability testing

    ahipe app

    calculating your income

    catastrophic plans

    changes

    children

    choosing your plan

    consumer guide to health reform

    delay

    early retirement

    employer mandate

    essential health benefits

    fte

    health insurance basics

    important dates

    individual mandate

    individual requirement

    individuals and families

    job-based coverage

    keeping my doctor

    large business

    large businesses

    lowering costs

    maternity

    medicaid

    medicare

    metal choices

    open enrollment

    out-of-pocket

    out-of-pocket costs

    part-time workers

    penalties

    penalties

    penalty exemption

    pre-existing conditions

    pregnancy

    premums

    private exchange

    qle

    qualifying life event

    rights and protections

    self-employed

    sep

    shop

    small business

    small business

    small business health care tax credit

    small businesses

    special enrollment period

    tax subsidies

    tax subsidy

    timeline

    unemployed

    video

    Please reload

    What happens if a large business doesn't offer health insurance?

    December 21, 2013

    Under the Health Reform law, a "Large Business" is one with 50 or more full-time equivalent (FTE) employees. You are subject to penalties starting in 2015.

     

     
    What are we penalized for?

     

    Starting in 2015, a Large Business is subject to penalties for not offering health insurance or for offering health insurance that is not affordable for all employees. 

     

     

    Penalty for not offering coverage 

     

    The penalty for not offering health insurance is $2,000 per employee per year. You get a waiver for the first 30 employees.  

     

    So, for example, let's say that your business employs 72 full-time equivalents.... You get a waiver on the first 30, so that leaves 42 employees to pay penalty for.... 42 x $2,000 = $84,000 annual penalty.

     

     
    What if my plan is not affordable?

     

    A Large Business plan has to pass an Affordability Test for each and every employee.

     

    What the employee pays toward the employee-only premium (for single coverage, do not count what he might pay toward spouse/partner or children's coverage) cannot exceed 9.5% of his/her Modified Adjusted Gross Income.

     

    If your plan is unaffordable, and at least one employee tries to use a tax subsidy to get lower costs on Obamacare Individual or Family Insurance plans, then the penalty is $3,000 per employee per year.

     

    For example, if there was a business with 72 employees: 72 employees x $3,000 = $216,000 annual penalty

     

     

    Is it better to "pay or play"?

     

    Good question. Many businesses are wondering if it's better to pay (pay penalties and not offer coverage) or play (offering affordable coverage to employees).  

     

    That answer may be different for differnet businesses. Let your AHIPE expert show you, down to the penny, how much each strategy will cost your business. We'll advise you on what might be the best thing for your business and develop a customized financial plan.

    Tags:

    large business

    penalties

    Please reload