The answer may depend on the type and size of your business, as well as the benefits you choose to offer. According to the Nebraska Department of Insurance, there are different types of health insurance plans available for employers and employees in Nebraska, such as major medical, accident and sickness, Medicare supplement, long-term care, and life insurance.
As an employer, you are not required by federal law to provide health insurance for your employees, unless you have 50 or more full-time-equivalent employees (FTEs). In that case, you may face a tax penalty if you do not offer at least one plan that meets the minimum standards of the Affordable Care Act (ACA). However, you may be eligible for tax credits or other incentives if you do provide health insurance for your employees through the Small Business Health Options Program (SHOP) or other sources.
If you have fewer than 50 FTEs, you can still offer health insurance to your employees through SHOP or other private insurers, but you are not obligated to do so. You may also want to consider the benefits and costs of providing health insurance for your employees, such as attracting and retaining talent, improving productivity and morale, and reducing absenteeism and turnover.
If you need more information or guidance on choosing the best health insurance plan for your business and employees, call our office today for a free consultation. We will provide you with helpful resources and tools to compare plans and rates, as well as answer any questions you may have.