Back To Resources
How the Affordable Care Act affects your business largely depends on the size of it. If you're a business owner with:
- 25 full-time employees or fewer, you will receive tax breaks of up to 50% when providing insurance through the health insurance marketplace to your employees.
- 50 or more full-time employees, you have the option to provide at least the minimum essential healthcare coverage to your employees or pay a tax of $2000 per employee (for all but the first 30 employees).
If you have less than 100 full-time employees, you should shop for insurance from your state's health insurance marketplace to find the best coverage at the right price for you. And by providing health insurance to early retirees, 55-64 years old, you may be eligible for federal financial assistance.
Healthcare reform will continue to trickle out until 2020. In the few years since its inception, the ACA has significantly decreased the number of uninsured Americans and will continue to do so.