Website Helps Business Owners Prepare for The Affordable Care Act
Have you heard? There is one website that now provides employers of all sizes information on how the Affordable Care Act may affect their business and help them compete. The website has a wizard tool that incorporates the employer's size and geographic location to find the right information. Businesses can use the web tool to learn how they can provide affordable health insurance coverage options to their employees while still meeting their bottom line.
“As the Affordable Care Act is implemented, it is so important for us to work with the business community and provide employers with the information they need,” said U.S. Commerce Secretary Penny Pritzker. “The health care website on Business.USA.gov/healthcare will be a tremendous resource for self-employed Americans and businesses of all sizes to learn what the Affordable Care Act means for them.”
“The Affordable Care Act helps level the playing field for small businesses, expanding their bargaining power and their ability to offer the kind of valuable benefit packages that attract and retain top-quality workers. Small businesses are a cornerstone of our economy and we are committed to working with them to raise awareness and access to the historic tax credits that can help small businesses and employees cover the cost of health care,” said Treasury Secretary Jacob J. Lew.
Starting October 1, 2013, individuals, including those who are self-employed, and small businesses looking for a better plan, will have a new way to shop for private health insurance through the Health Insurance Marketplace and the Small Business Health Options Program (SHOP) found at HealthCare.gov. Individuals may be eligible for lower costs on their monthly premiums and self-employed individuals and small businesses may be eligible for tax credits to help with the costs of coverage.
The Business.USA.gov/healthcare website also connects employers to informational content on tax credits and other provisions of the law from the Small Business Administration, the Department of Health and Human Services (HHS), and the Treasury Department.