Obamacare Delayed for Small Biz

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obamacare1The Internal Revenue Service announced today that small businesses with 50 to 99 full-time employers will be exempt from a mandate to provide health insurance until 2016 under the Affordable Care Act.

Enforcement was to take effect next year, but it’s been pushed back along with a stipulation that larger companies must only offer 70 percent of full-time staff insurance this year, rather than 95 percent.

Employers will have to certify they haven’t fired people to qualify for the delay, and fines can be as much as $3,000 per worker. Read more at Bloomberg News.

{Andy Heller-Matzav.com Newscenter}

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