The Contractors Plan gives you a complete framework for taking care of your employees and your business.
Under the Affordable Care Act, many employers must provide healthcare coverage or face stiff penalties. If you are under the 50 full-time-equivalent employee threshold, or you choose to pay penalties rather than offer coverage, your employees are forced to navigate the insurance marketplace on their own. By taking responsibility and implementing a bona fide benefits plan, you can make life much easier for your employees (and utilize fringe dollars to reduce your payroll burden).
As of 2026
The original individual mandate (2014) and employer mandate (2015) framing is dated: the individual-mandate penalty has been $0 since 2019, but the employer shared-responsibility mandate remains in effect. See Healthcare Reform for current framing.
Health insurance mandates and the process of allocating fringe dollars can be very complex and confusing. The Contractors Plan demystifies the benefits process and ensures total transparency. We've designed our secure online portal so that it's easy for employees to choose and manage their benefits array and see where every dollar goes. This transparency reduces frustration, eases worry and goes a long way toward improving employee trust and satisfaction.
Failure to offer health insurance is an invitation to employee turnover — which ends up costing you in both time and resources. Because of federal requirements and the hassle of finding individual coverage, the most skilled and experienced workers are likely to seek an employer that offers a bona fide benefits plan.
Most people in the workforce are just one serious illness away from financial hardship and medical debt. Should one of your workers or their family members become ill, and lack health insurance, the financial stress is sure to affect their morale and productivity. It's better to offer coverage before that becomes an issue.
At The Contractors Plan, we help you educate your employees about government healthcare mandates, their options, and the ways everyone benefits from implementing a bona fide benefits strategy. We provide employee support materials, assist with meetings and create a dialog that gains employee support and continued participation in your new program.
When a company wins jobs, employees have continued work. Because a bona fide benefits plan reduces the payroll taxes and other costs incurred by paying the fringe as cash, it allows companies to reduce their labor costs and win more jobs, including higher paying public jobs.