Small Business Resource on Affordable Care Act
The U.S. Small Business Administration has just launched a new website dedicated to educating small business owners about the Affordable Care Act (“ObamaCare”). (This new law does not require small businesses to provide health insurance, but it does offer tax credits for eligible small businesses that choose to provide insurance to their employees.)
The new website, www.sba.gov/healthcare, breaks down the key provisions of the Affordable Care Act in the following categories: self-employed, fewer than 25 employees, fewer than 50 employees, and more than 50 employees.
We will be providing more information on the new health law as we get closer to actionable steps for the business community. In the meantime, this SBA website may be useful in getting familiar with the upcoming business requirements.
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