Hidden Obamacare Bomb Set to Strike Small Businesses
Think Obamacare doesn’t apply to your small business? Think again. The hidden bomb lies within the penalties employer health plans face if they do not comply with the “Market Reforms” of the ACA. These rules apply to every employer health plan, regardless of the size of the employer and the penalty is $100 per employee, per day (up to $36,500 per year, per employee).
The ACA defines a “group health plan” as a plan an employer created or contributed to provide health benefits to their employees or their families. This broad definition encompasses just about every conceivable way any employer could provide health-related benefits to their employees. Unlike the Employer Mandate provisions of the ACA, these apply to all employers.
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