The Affordable Care Act created a myriad of health insurance provisions for small business owners that took effect in 2015. For 2016, however, a new law modifying the ACA can prevent some businesses with 51 to 100 employees from increases in health insurance premiums. Protecting Affordable Coverage for Employees or PACE as it is also… Continue reading The ACA 2016: News for Small Business Owners
Small business owners who have been waiting to purchase health insurance through the Small Business Options Program (SHOP) exchanges for 2015 may find their selection of plans to be limited to one plan only. Although these small business exchanges will officially open for business in November, not all will offer a broad selection of plans.… Continue reading SHOPping for Health Insurance? May Be Slim Pickings
The answer is yes with many caveats. And those caveats depend on where your business is located, what kind of health insurance you are looking to purchase and whether you are planning to buy it online. Also, are you entitled to a tax credit and will your employees have a reasonable selection from among the… Continue reading Small Business Owners Wonder: Is the SHOP open for business?
Many provisions of the Patient Protection and Affordable Care Act were designed so that the small business owner could afford to offer health insurance to employees and, in many circumstances qualify for federal aid to do so. If it was only that simple … Federal subsidies are based on number of employees, annual wages and… Continue reading Does healthcare reform REALLY help the small business owner?