Karen Arbutine & Associates
Orlando
1-888-727-7778
Menu

New Health care Legislation impact on business owners

NEXT
PREV
Fri, Jun 11, 2010 at 1:14PM

The Health Care and Education Reconciliation Act of 2010 was signed by President Obama this year.  The Reconciliation Act amends various provisions of the Patient Protection and Affordable Care Act, the health care reform act that was signed by the president in March 2010.  The Reconciliation Act also proposes some new provisions that were not contained in the Patient Protection Act.

Almost every individual and business in the United States will impact this legislation.   For small business owners much of the impact is not going to be immediate.  Until 2014 they will be purchasing insurance in the same markets as they are today.  Many of the provisions of these acts will not be effective until 2014 as states consider how to implement and set up the Small Business Health Option Programs (SHOP exchanges) contemplated by the law.  Those exchanges will be designed for small business to pool together to purchase insurance.

Until those SHOP exchanges are set up in 2014, small businesses with 10 or fewer employees and average wages of less than $25,000 would receive a credit of  35% of their contributions to insurance premiums. If you meet those requirements and contribute $20,000 toward employee health premiums in 2010, you would receive a tax credit of $7,000.

Companies  with 11 to 25 workers and an average wage of $50,000 would receive a reduced credit.  Beginnng in 2014 businesses with more  than 50 employees will be required to offer health care coverage or pay a penalty.


Bookmark & Share



User Comments


Be the first to comment on this post below!


Popular tags on this blog

Awards & Recognition | Central Florida New Home Construction | central florida news | Curb Appeal | Entertainment | Finding Your Dream Home | Foreclosures | Golden Oak Real Estate | Heathrow FL News | Hot 100 Realtor Hall of Fame | Housing Market | Karen Arbutine | Longwood FL Home for Sale | Longwood FL News | Luxury New Home Construction | Memorial Day | Mortgage News | New Home Construction | Orlando FL Economy | Orlando Luxury Homes | RE/MAX | Real Estate Myth | Real Estate News | Sales Tax | Selling Bonus |



All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independent verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. The source of the listing data is as follows: My Florida Regional MLS (updated 10/21/17)
Read Our Blog
LISTING SEARCH

- OR -

Advanced Search 

SHARE THIS PAGE
Read Our Blog

Your privacy is our utmost concern. We will never sell your personal information. Privacy Policy
©2015 getorlandorealestate.com - all rights reserved. | Site MapThe Lake Mary / Heathrow Florida Real Estate Blog




More Central Florida Real Estate