KBenefits Insurance Services
Insurance - Medicare - Retirement
Full-time Equivalent (FTE) Employee Calculator
Use the full-time equivalent (FTE) employee calculator below to see if your mix of full-time and part-time employees equals between 1–50
full-time equivalent employees. Generally, only businesses with 1–50 FTEs are eligible for SHOP. https://www.healthcare.gov/shop-calculators-fte/
Learn how FTEs are calculated
For purposes of this tool, when calculating the number of full-time or part-time employees for the purposes of this credit:
Include:
- All full-time employees of a group if your business is affiliated with another employer, under common ownership, or a part of a controlled group.
- Employees under a common group in other states – even if you’re enrolling in separate state SHOPs.
Don’t include:
- Owners of a sole proprietorship.
- Partners.
- Shareholders owning more than 2% of an S corporation.
- Owners of more than 5% of other businesses.
- Family members or members of the household who qualify as dependents on the individual income tax return of a person listed above, including a spouse, child (or descendant of a child), sibling or step-sibling, and parent (or ancestor of a parent), step parent, niece or nephew, aunt or uncle, son-in-law, daughter-in-law, father-in-law, mother-in-law, brother-in-law, or sister-in-law.
- Seasonal workers working 120 days or less in a year.
- Independent contractors (Form 1099 workers).
- COBRA and retired enrollees.
Important: While these employee types shouldn’t be included in the FTE calculation, they may still qualify for coverage through the SHOP Marketplace.
Part-time employees are those who worked an average of less than 30 hours per week.
The Small Business Health Care Tax Credit
You may qualify for the Small Business Health Care Tax Credit that could be worth up to 50% of the costs you pay for your employees' premiums (35% for non-profit employers).
Find out your Estimated Tax Credit for your small business.
https://www.healthcare.gov/shop-calculators-taxcredit/
KBenefits, LLC
Christopher S. Kudryk
chris@kbenefits.com
732-333-1976
KBenefits provides insurance solutions for small business owners and individuals in NJ & NY. Contact KBenefits today and see how we can benefit you.
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