The Obamacare rules are different for small businesses than they are for large employers. Are you up to speed on how the Affordable Care Act (aka Obamacare) impacts small business and employees? Take this short quiz to find Obamacare, then continue reading additional resources
Quiz -. Obamacare rules for small businesses
Obamacare Resources for small businesses
How have you on the quiz?
Whether you are an ace ACA or you need a bit of a refresher, here are seven Obamacare provisions every small business should know -. With links to resources to learn more
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If you do not have a health insurance coverage, you'll probably pay a penalty to tax time, called the cost of individual responsibility shared or individual mandate.
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There are new options to purchase health insurance through the health insurance market.
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most employees are eligible for significant discounts on health insurance, called premium tax credits. In addition, Medicaid eligibility has increased in many states.
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individual health insurance new advantages. For example, you can not be charged or misappropriated or more because of a pre-existing medical conditions and all health insurance plans cover essential health benefits.
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Small businesses (with fewer than 50 employees) are not required to offer traditional health insurance. "The employer mandate" of the ACA is not true for small businesses.
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There are new reporting requirements for employers all sizes.
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because of the new benefits of individual health insurance, many small businesses are transitioning employees for individual health insurance, and helping a premium rebate arrangement.
Conclusion
by mastering a few key rules Obamacare, you can have confidence in the way the new law impacts of the reform of the health of your business, your employees and your bottom line. and the savvy business owners will use the new Obamacare rules offer more affordable health benefits.
What questions do you have about Obamacare rules? How did you find the quiz? Leave a question below.
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