Obama Care summary for small business (949) 675-1920
Orange County CA
Obama Care summary for small business (Less than 50
employees)
By Hubie Laugharn
Small Group
PPACA (ObamaCare)
This is what we know as of 2-18-13 about Obama Care for Small Business...
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Obama Care summary for small business (949) 675-1920
Orange County CA
Obama Care summary for small business (Less than 50
employees)
By Hubie Laugharn
Small Group
PPACA (ObamaCare)
This is what we know as of 2-18-13 about Obama Care for Small Business
Employer does not have to provide health insurance and cannot be penalized.
Small groups will be able to purchase group health insurance through the exchange.
The exchange for small group is called S.
H.
O.
P.
within “Covered California” (the name
of the California exchange).
Must provide notice to the employees regarding the Exchange.
Max waiting period may not exceed 90 days.
30-60 day waiting period will have a $400
tax/fine.
Incentives for wellness participation increases to 30% from 20%.
Special payroll tax of .
9% for employees with incomes over $200K.
A 60 day notice of any material modifications to employee’s health plans must be
posted for the employees other than at the regular open enrollment.
A limit of $2,500 in sal
Less
