Shared responsibility requirement
Businesses with 50 or more employees are required to offer their employees health insurance or pay a penalty.
Businesses with 50 or more employees are required to offer their employees health insurance or pay a penalty.
A health problem, like asthma, diabetes, or cancer, you had before the date that new health coverage starts. Under the ACA, insurance companies can't refuse to cover treatment for your pre-existing condition or charge you more. Note: Plans that are not compliant with the ACA may still charge more for those with pre-existing conditions.
The ACA established a tax credit for small businesses to help offset the cost of offering health insurance. To qualify for a tax credit, small business owners must pay at least half of employees’ healthcare premiums and have 25 or fewer full-time equivalent employees who earn an average of $50,000 or less per year.
A tax credit you can use to lower your monthly insurance payment, or premium, when you enroll in a plan through the health insurance marketplaces. The tax credit is based on your income estimate and household information provided in your health insurance application. If your estimated income falls between 100% and 400% of the federal poverty level for your household size, you qualify for a premium tax credit.
Under the ACA, states may set up online marketplaces (also called health insurance exchanges) that allow individuals and small businesses to pool their buying power and purchase health insurance. Some states have set up their own marketplaces, while other states operate under the federal marketplace at Healthcare.gov.
The Affordable Care Act, also known as the ACA or “Obamacare,” is a comprehensive healthcare reform law passed in 2010. The law has three primary goals:
Plenty of entrepreneurs like to think of their business as one of a kind, but for Dr. Heather Nelson it might actually be true. Heather owns Heather Nelson Studio in Springfield, Mo. Heather’s unique musical training certainly qualifies her as a piano and vocal teacher, but she primarily works with those suffering from vocal injuries. While her typical clients range from novices to professional vocalists, Heather also provides vocal regimens and techniques to those who have damaged their vocal cords or been diagnosed with nodes or polyps to help them sing again.
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