New Small Business Health Care Marketplaces Preparing to Open

September, 2013

The Affordable Care Act (ACA) requires states to create marketplaces where individuals, families, and small businesses can go to compare and shop for health insurance. Cover Oregon is Oregon’s online health insurance marketplace, and Washington Health Plan Finder is Washington’s marketplace.

On October 1, 2013, open enrollment will begin through Cover Oregon and Washington Health Plan Finder for small businesses to enroll their employees in health insurance, with coverage to begin January 1, 2014. Under the Affordable Care Act (ACA), a small business is any business with less than 50 full-time equivalent employees.

While small businesses are not required to provide coverage under the ACA, businesses with less than 25 full-time equivalent employees may be eligible for a tax credit of up to 50% of the premium costs for providing health care coverage to employees. To be eligible for the credit, coverage must be purchased through your state’s online marketplace.

For questions about your obligations under the ACA or the small business tax credit, or for information about Cascade’s group health insurance plans, contact Cascade today.


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