New Health Insurance Tool for Business Owners

The Obama administration recently launched a "one-stop" web site intended to help business owners explore and understand their health insurance options under the Affordable Care Act.

 

The site, Business.USA.gov/healthcare, allows users to enter their location, size of business, and future insurance plans, and create a variety of options.  It also connects employers to information about possible tax credits and other features of the Affordable Care Act.

 

Along with individuals and families, businesses with 50 or more employees will be required to either carry health insurance for their employees or face a penalty.  The law goes into effect January 1, 2014 -- but the official start date for the business requirement has been moved from January 1, 2014 to January 1, 2015.

 

Smaller businesses who are not mandated to carry health insurance under these rules may qualify for tax credits if they choose to offer health insurance for their employees.

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