The insurance industry is changing. A new healthcare bill is about to be passed, which will affect how your business purchases and provides health coverage for your employees.

Per CNN:

Individuals under the $829 billion Senate Finance Committee plan would be required to purchase health insurance coverage or face a fine of up to $750. The House bill imposes a more stringent fine of up to 2.5 percent of an individual’s income. Both versions include a hardship exemption for poorer Americans.

The Senate Finance Committee bill would require large companies to contribute to the health care costs of lower income workers if those workers receive a government subsidy for insurance. The House legislation would require larger companies to provide employee insurance for everyone or pay a penalty of up to 8 percent of total revenue.

The healthcare landscape is changing, and we’re here to guide you through these changes. (more…)