The Affordable Care Act, often referred to as Obamacare, has changed the way that businesses have to approach their employee health and benefit offerings. Depending on the number of full time employees, the requirements differ: small business with fewer than 25 full time employees may qualify for tax credits and companies with less than 50 full time employees are not required to offer health insurance.
Companies that have 50 or more full time employes and don’t offer health coverage will face a $2,000 tax per employee. There a few ways that companies are addressing the tax, some of which may not prove effective in sustaining a business in the long run. For examples, some companies are reducing hours so that they have fewer full time workers, but this runs the risk of losing some of your most valuable employees to companies that offer more competitive health benefits. (Not to mention the difficulty they will have in bringing in and keeping the top employment prospects in their respective industries.)
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