Saturday, February 15, 2014

What does the new health care bill mean for small business owners? -

My dad owns a little eatery it s pretty sucessful it has been for 10 years what will this bill mean for his hard work.

Are you asking if he does not have to continue to offer health insurance to his employees? If the employee earns under a certain amount, that person can buy his own government insurance which will be subsidized. Since there is no final bill now, no one knows about the cost to anyone. This public health plan is not for small businesses, it is for individuals who have no group insurance, but your father s employees probably can opt out of his group plan into the government plan, unless that would make it too expensive with fewer employees in the group plan. All of these details are unknown at this point in time.

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