I have a business with 30 employees and am trying to understand what will happen if I do not get them health insurance. What are the rules as i am unable to afford Obamacare and keep my company afloat.
TaxConnections Members... Answer This Question
Want To be One of Our Tax Experts? Register Here
Tax Professional Answers
John Stancil
With fewer than 50 full time equivalent employees you are not required under Obamacare to provide health insurance for your employees.
Leave a Comment
428 weeks ago
Caran Ebert, CPA
You also want to make sure that you don't give them money to pay for their own insurance policy because you will be penalized for offering a policy that is not from an insurance company ie does not comply with the minimum care required under ObamaCare. Now that employers and insurance companies must comply with ObamaCare rules we should see a better healthcare system.
Reply
427 weeks ago