How PPACA (“ObamaCare”) Mandates for 2015 May Affect Your Business

by Norris Law Group on January 2, 2015

The Patient Protection and Affordable Care Act (aka “ObamaCare”) enters its second year in 2015, and brings with it a host of new provisions. The National Federation of Independent Business (NFIB) outlines some of these provisions for large and small business owners:

  • In 2015, the PPACA mandates that businesses with 100 or more full-time or full-time equivalent (FTE) employees must either offer minimum essential coverage to full-time employees or pay a penalty. If these employers fail to provide at least minimum essential coverage to at least 70% of full-time employees, and “one or more full-time employees [with a minimum income of 100-400% of the poverty level] claim a subsidy on the individual exchange,” then that employer is subject to a penalty of $2,000 per full-time employee penalty (minus 80 full-time employees).
  • “Midsize” or “large” employers that do offer minimum essential coverage to full-time employees and their dependents that is deemed “unaffordable,” or offers “self-only premiums exceed 9.5 percent of employee’s taxable income” or is not of minimum 60% actuarial value for full-time employees, are “subject to the lesser of a $3,000 penalty for those certain full-time employees or $2,000 per full-time employee (minus 30 full-time employees).”

The NFIB says that large, midsize, and small businesses should be aware that ObamaCare may affect their businesses in the following ways:

1.    The number of full-time employees a business has (or part-time and seasonal employees counted as FTEs) per http://nfib.com/business-resources/healthcare/mandates#Part time_employee_counting_requirements

  1. Whether a business offers minimum essential coverage to FTEs in 2015, or to FTEs and their dependents in 2016; and
  2. “Whether one or more employees qualify for and claim subsidies toward the purchase of health insurance in the individual exchange.”

Attorney Graham Norris and his associates at the Norris Law Group serve the residents of Utah County, UT and throughout Utah, Wyoming, Idaho, and California. Contact them today at 801-932-1238 or online for a free consultation.


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