The Importance Of Minimum Coverage

The small business that has 49 or fewer FTE employees does not require to offer health insurance to their employees. The large business with more than 50 Full Time Equivalent workers have to offer affordable coverage to their employees and their dependents. They have to inform them that depending on their income and what coverage may be offered by them, they may be able to get lower cost private insurance in the Marketplace and if they buy insurance through the Marketplace, they may lose the employer contribution (if any) to their health benefits.

The responsibility of an individual is to maintain minimum essential coverage for themselves and their dependents. Individuals who do not maintain minimum essential coverage and are not exempt,