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Affordable Care Act: Effects on small business

from Vegas Inc.

The Affordable Care Act, also known as "Obamacare," was signed into law March 23, 2010. Its purpose: increase the affordability of health insurance and reduce the cost of health care. This will happen by way of mandates, tax-credits and subsidies. For businesses with fewer than 50 full-time employees, there are a variety of options. As a small-business owner, you're exempt from the ACA mandate of having to offer a group insurance plan. However, you might find it wise to offer coverage to attract and retain employees. more


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