The IRS has issued a notice stressing that employers that reimburse their employees pre-tax for premiums under a Health Reimbursement Account to pay for insurance in a health exchange could be subject to a fine of $100 per day per employee.
With the new year, the Affordable Care Act’s health care tax credit for small businesses will increase from 35 percent to a maximum of 50 percent. The credit is meant to encourage small businesses and tax-exempt organizations to begin offering health insurance coverage to their employees or to maintain the coverage they already have.
The numerous problems with HealthCare.gov prompted a press event on Monday by President Obama to address concerns, and Senate Democrats have introduced legislation to delay the individual mandate by a year. In addition, House Republicans have scheduled a hearing to find out why the site was launched before it was ready.
As the Health Insurance Marketplaces opened for business, ABA made available on BookWeb the PowerPoint presentation “The Affordable Care Act: What the Healthcare Law Means for Your Small Business,” an overview that is being presented at ABA’s education session at each of the fall regional trade shows.
At press time, national media outlets were reporting that the Obama administration was delaying by one month online enrollment in the federally operated Small Business Health Options (SHOP) health insurance exchanges. Businesses can still enroll via fax, mail, or phone beginning October 1.
ABA has launched a new BookWeb advocacy page focusing on the Affordable Care Act. The page offers state-specific fact sheets that provide key health care reform information and that point booksellers in the right direction if they have further questions or wish to enroll in their state’s exchange.
As part of new regulations created under the Affordable Care Act, all employers subject to the Fair Labor Standards Act are required to notify their full- and part-time employees by October 1, 2013, regarding the availability of health care coverage, regardless of whether they offer health coverage or not.
Initiatives announced this month by the Small Business Majority to help small businesses navigate and make the most of the Affordable Care Act include an online Health Coverage Guide and a series of webinars presented in partnership with the Small Business Administration.
At each of this year’s fall regional trade shows, the American Booksellers Association, with support from the Small Business Majority, will be offering a timely and informative educational session on the Affordable Health Care Act.
The American Booksellers Association, a national not-for-profit trade organization, works with booksellers and industry partners to ensure the success and profitability of independently owned book retailers, and to assist in expanding the community of the book.
Independent bookstores act as community anchors; they serve a unique role in promoting the open exchange of ideas, enriching the cultural life of communities, and creating economically vibrant neighborhoods.