As a result of last year’s market reform section of the Affordable Care Act, all businesses, regardless of size, are subject to the $100/Day/Employee penalty if it reimburses an employee for his or her individual health care premiums. This could lead to the potential cost of $36,500 per employee per year! Aiming to provide relief to small business owners from this legislation, the Small Business Healthcare Relief Act was presented on June 25, 2015. This proposed legislation would allow small business employers to assist their employees with healthcare and medical costs without penalty.
We at Padgett Business Services continue to show our support to small business owners like you by taking action to back the Small Business Healthcare Relief Act, along with 167 other organizations and businesses around the country. If you would also like to show your support, contact your Representatives in Congress today.