1 / 1

Understanding Obamacare's Impact on Businesses with Over 50 Employees

Learn how the Obamacare requirements affect businesses with over 50 employees, including the delayed coverage mandate and W-2 reporting rules. Discover the rules for health insurance premiums, contribution levels, and employee education on the Healthcare Marketplace.

venus-holman
Download Presentation

Understanding Obamacare's Impact on Businesses with Over 50 Employees

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. “Obamacare” Affect on Businesses with over 50 employeesAs of July 2, 2013: the mandate for employers to offer coverage is delayed until 2015: W-2 Reporting: The TOTAL value (employer and employee of the health insurance premiums) must appear on employees’ W-2s, even though they are still Tax-Free. You must pay all employees the same contribution level (no differentiation among classes permitted). The only differentiation can be higher contributions required from smokers (up to 50% more) or lower contributions required from individuals participating in wellness initiatives (up to 30% less).If you have at least 1 employee and revenue over $500,000:Required to educate employees about the new Healthcare Marketplace (otherwise known as “Exchanges” being set up by states and federal governments) by October 1, 2013.

More Related