Do I Have to Offer a Contribution as an Employer?

 

During the No Contribution/No Participation Option Period the answer is NO.

 

From Nov. 1 through Dec. 15, 2020, Small Groups purchasing ACA/Metallic plans may opt to waive participation and contribution requirements.

The No Contribution/No Participation Option is available to new groups:

·   Applying for coverage during the annual Open Enrollment Period

·   Sold during the Open Enrollment Periods for Jan. 1 and Jan. 15, 2021, effective dates

Submission dates and deadlines: If your new ACA/Small Group (1-50 employees) wants to elect the No Contribution/No Participation Option, please submit the Small Group Enrollment with all required documentation via the ACA Small Group Enrollment tool between Nov. 1 and Dec. 15, 2020.

The group must sign and submit the enrollment paperwork by Dec. 15, 2020.

Enrollments after Dec. 15, standard Small Group participation and contribution levels will apply.

 

If you would like more information on getting coverage for your company give us a call at 312-940-3986 to speak with a consultant directly.