The passage of the Affordable Care Act (otherwise known as Obamacare) marked the beginning 
at a time of all Americans being put in charge of their own health insurance. Those without insurance are now required to purchase it, and some are eligible for government assistance. The real question for small businesses is how Obamacare affect us? For small and medium enterprises, the following facts are important to you.
The mandate to offer insurance to employees and their dependents do not look if you have fewer than 50 full-time equivalent employees. From 2016, once you reach 50 FTE threshold, you are required by law to supply or health insurance to all full-time employees -. Or pay a tax penalty
2. No seasonal employees
If you hire additional employees for seasonal work, you are not required to offer health insurance unless you are over 50 FTE employees for 0 days or more.
3. The combination of the property
To circumvent the law, many companies fall into two entities with fewer than 50 employees. In most cases, it will not get a business on the obligation to provide health insurance coverage, such as candy ACA and tax law related companies as a (called a control group) .
4. ACA regulations apply to group plans
Even if your company offers a health plan alternative group employees - as a health care reimbursement scheme -. You should always be in conformity with ACA
5. Coverage is mandatory for full-time
If you have more than 50 FTE employees, your company must provide coverage for 95 percent of employees considered "full time" by the ACA.
6. The minimum coverage
The ACA establishes a minimum coverage requirement for companies with more than 50 FTE employees must provide insurance to their employees, which prevents companies to offer a bare bones plan to circumvent the law.
7. Affordability Requirements
As your company offers health insurance plans must adhere to the guidelines of "affordability" set by the ACA. According to the law, any employee can not be required to pay more than 9.5% of annual household income for health insurance.
8. Additional Returns
The IRS requires small businesses to provide information on the insurance coverage they offer their employees. Additional information is available here.
9. Self-Employed Deduction
The ACA maintains the self-employed deduction Medicare, although how it works and how it will change to The future is still uncertain.
10. Other insurance options
As health care becomes a necessity and many employers are obliged to offer coverage, some companies turn to other insurance options (such the premium repayment terms) for the incentives to retain talent with their business.
Conclusion
These facts will help you navigate the ins and outs of health coverage for small businesses. If the group health insurance are not a good fit for your business, there are alternatives that can be useful for your small business.
What is Obamacare meant for your small business?
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