What Is the Affordable Care Act (ACA)?
The Affordable Care Act (ACA) is a federal law designed to make health coverage accessible and affordable, especially through employer sponsored insurance.
Why Should Employers Offer ACA-Covered Health Plans?
1. Legal Compliance
If you have 50+ full-time equivalent (FTE) employees, you are legally required to offer affordable health insurance or face IRS penalties.
2. Tax Benefits (Per IRS & Healthcare.gov)
Eligible small businesses, if under 25 FTE can claim up to 50% of premiums paid as a tax credit
Even if you owe no taxes, the credit can be refunded or carried forward
You can also deduct excess premium costs as a business expense
The smaller the business, the larger the credit
Business Growth Benefits:
- Saves money through tax credits & deductions
- Claim valuable tax credits and Extra deductions for costs beyond the credit
- Boosts employee loyalty & satisfaction ️
- Enhances business reputation & trust
How SecurePayStubs help you?
With SecurePayStubs, you can accurately provide Paystub information to help you create ACA Forms (1095-C, 1094-C) and display your employees Health Insurance contributions and calculate how much they are contributing to ACA,
Click the below link to start generating paystubs the smart way with SecurePayStubs.