Quote:
Originally Posted by Clip-Clop
Because I pay my people enough to live on I am ineligible for any tax credits at all based on what I have read in the law itself so where is the benefit, perhaps I will lower their salaries?
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Why in the world would you choose to lower their salaries for no reason?
Are you saying that they are insured by you now, and you have a small business of less than 25 employees, but because their salaries are high, that is prohibiting you from getting tax credits?
The point is that there is no negative affect upon you from Obamacare. Everything goes along for you as before. There is no change.
You have no mandate to provide your employees with insurance due to your business size.
However, if you would like to
start offering insurance to your employees as a benefit, you will get business tax credits and the cost will be quite significantly lower for you.
If they are insured privately now outside of work, nothing will change for them except the consumer protections preventing insurance company abuse. If they do not have insurance, they can purchase it for the first time at lesser cost on the exchanges.