Health Law Brings Changes For Small Business Regarding Insurance Coverage

The Wall Street Journal reports that, even though businesses with fewer than 50 employers are exempt from the health law’s most stringent requirements, they still face challenges.

The Wall Street Journal: Small Firms Hit By Big Changes In Health Coverage
Smaller employers aren’t required under the Affordable Care Act to offer coverage for their full-time workers—as larger firms must by 2016 or face penalties, for instance. But many owners of small ventures and startup entrepreneurs are nonetheless facing big changes to how they obtain their own health coverage, as well as to the benefits they’re able to offer employees. … Several thousand of the nation’s smallest business owners—sole proprietors and the self-employed—were kicked off their small-business plans by carriers earlier this year. That is because new guidelines define “employers” as having at least two full-time employees, not including a spouse, in order to be eligible for group plans (Loten, 8/6).

 

 

 

Provided by Kaiser Health News. (www.kaiserhealthnews.org)

Kaiser Health News is an editorially independent program of the Henry J. Kaiser Family Foundation, a nonprofit, nonpartisan health policy research and communication organization not affiliated with Kaiser Permanente.

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