The timeline for implementation of the new health care mandates will largely impact companies with more than 50 employees. However, there are questions that every small business owner should be savvy about.
The following questions will be addressed in two free webinars on July 13 and July 20. To register for these events visit: http://surveymonkey.com/s/lunch_registration. For more information email Shanda Barrett at sbarrett@mta.ms or call 601-960-3625
Contact me for more informationon these questions or pose your own during the webinar.
Is mysmall business eligible for tax credits? The short answer is yes as of January 1, 2010.
Is my small businessrequired to offer health insurance? The short answer is No
Will my small business be penalized for not offering insurance to my employees? The short answer is no.
Canmy employees be required to buyhealth insurance if I choose not tooffer it? The short answer is yes.
What is the insurance exchange and how will I be able to use it?It is mandated to take affect by 2014.
Will health care reform affect my health insurance if I am self employed?Self employed individuals will be able toaccess the exchange and write off premiums.
What if my business grows to more than 50 full-time equivalent employees? There may be some penalties if you fail to offer coverage to employees.
Will I be required to change my health plan in 2014? The short answer is no.
What are the reporting requirements for health benefits for my business? New reporting requirements take affect in 2011.