Lack of Small Business Health Options with Obamacare

Year One found small businesses not providing health insurance options for their employees through Obamacare. The plan called SHOP meant to encourage companies to present their staff a selection of insurance options – but then there was a delay.

As reports indicate, about 8 milliion people signed up for the health insurance under the marketplace. While positive news escalated since its first run, small businesses seem anxious to present their employees options for their health care. Then again, another delay hit.

The delays hurt Obamacare because the small businesses seem to rely heavily on providing choices. Now without it, small businesses growth will slow down. The administration needs to concoct a plan to help these people. The economy is still suffering and with these type of delays, it will continue to do so.


Employees to Wait for Some More Obamacare Options

For small businesses that want to offer employees health insurance through Obamacare, there aren’t a lot of reasons to buy that coverage. Why? Because there are not a lot options for them to choose from.

The advantages of employee choice are obvious: workers can pick the plan that best suits their own needs in health coverage. The flexibility allows everyone to pick on that meets their financial limits and family size. It seems to make sense.

However, employee choice became an early casualty of the Obama administration’s health exchange issue. In fact, the option for them to choose has been postponed. The administration is allowing states to put off employee choice for another year, which gives businesses time to look over options for their companies.

But with the time allowance, how will it fare on all parties? Will the extra allocated time prove beneficial or pointless? Perhaps the Obama administration is cooking up other possibilities to create new options and lure more people into signing up for health coverage under Obamacare.

Obamacare Causes a Stir in the Market

With continuous alterations with Obamacare, it seems that that many people do not seem convince anymore about it. According to a report, approximately 11 million small business employees will see an increase in premiums under Obamacare.

This latest reveal is another telling sign that bad news is tied in with the Affordable Care Act. Many people associated the new health care mandate as a way to reduce health insurance costs. Wrong!

According to FOX News,

The fact that two-thirds of Americans who work at small businesses will see premium increases because of the health law is devastating news. This is one more in a long line of broken promises from President Obama and Washington Democrats.

This fact is yet another hit in the gut especially for small businesses. Health care costs have been growing and it plans to burden the shoulders of younger and healthier workers, while the older and frequently sick individuals pay lesser. After all, small businesses with over 50 employees are required to offer health insurance to all staff members. Time will tell how Obamacare will truly fare, especially for small businesses in the year ahead.

Another Obamacare Delay for Businesses

The Obama administration recently announced another delay in terms of the requirement for businesses when it comes to Obamacare.

What was supposed to be an initial push for next year after the midterm elections, the administration recently expressed that businesses can wait until 2016 before being required to cover full-time staff (50 to 99 employees) – or face paying a penalty. But for businesses with 100 or more people, it will take effect in 2015. Everyone knowse that the mandate was originally supposed to take effect this year.

So what does this mean for both political parties? For the Democratic Party, this will create doubt and uncertainty amongst the public. It also also determine if these past moves, with Obamacare, will help them keep control of the Senate come fall.

As for the Republicans, this new effect will have them push for the health care law to be repealed or suspended – and they will magnify every failure made by the Democrats as a way to take down their opponents,

But is really the deal with the Obamacare? And what is the reason behind another push back? According to reports, the law obviously still has holes in it. With the lack of management behind the scenes, it looks like it will take a while for the administration to fully enforce a positive support from the public.


Big Companies to Limit Benefits Due to Obamacare

One would think that big companies would not be affected by the health care changes brought on by Obamacare. Well, think again. In the latest report, sources have stated that major corporations, namely AOL Inc. have reduced employee benefits.

Because of cutbacks and changes from the Affordable Care Act, AOL decided to trim employees’ retirement benefits starting this year. The company will pay 401(k) match to those active on December 31st of the year, eliminating the addition on their paychecks throughout the year.

The increased $7.1 million costs caused the increase in health care costs. Aside from new Obamacare fees and taxes, the growth of health care costs will also prompt premiums to steadily rise starting this year.

The news can come as a surprise especially from a relatively large corporation. As many people know, with small businesses, there are policies such as providing insurance if staff has over 50 employees. If no insurance, then there’s a penalty.

With major companies, there are also negative results due to Obamacare. There is hope that a new formula will be created to resolve the confusion and changes. However, for now, actions need to be done in order to save a continued struggling economy.

And for President Obama to think everything getting better with Obamacare, all is not OK.

Barack Obama

Obamacare to Alter Business Practices

The first year of Obamacare seems to have gone through rough, stormy seas. With the website’s glitches and healthcare mandate alterations, it hasn’t solidified itself in the healthcare world. And with the strict criteria that comes along with the Affordable Care Act, it seems many businesses are altering their practices for the new year.

With Obamacare, there’s the option of buying insurance with being in a company to obtain it. It works, especially in a very seemingly entrepreneurial era we live in today. In reality, there are many start-ups and small businesses established throughout the country. It’s basically a free market in healthcare. Therefore, it doesn’t really require people to look for jobs that provide them these benefits because individuals can certainly seek coverage on their own.

Will it work? Who knows. Risky move, but it seems that many people are willing to take that step and establishing their own business. It may or may not thrive. It’s hard to know what lies ahead with Obamacare because the healthcare mandate keeps changing and sometimes, it’s hard to keep up.


Getting Prepped for Obamacare?

I guess we, small business owners lucked out a bit when Obamacare premiums for small businesses were pushed back until next year. With some major misfortunes that occurred these past three weeks, it’s hard to tell what to expect when the health exchanges start rolling out for us. It might be another Doom’s Day.

The latest happenings in the complicated world of health care is that people have been receiving letters, informing them that their health plans have been cancelled because that insurance policy was no longer available.

With that occurring, it pushes these individuals to turn to Obamacare, which offers limited plans. This is a smart move on the administration’s part because it means more enrollment for the health care mandate.

For some people, the deductible may be less, but there aren’t a lot of options available that makes Obamacare enticing. I think many are even willing to face the penalty and pay the fine. I don’t blame them. Why would I want to have something that I don’t really want? It’s expensive and pretty useless to me if you ask.

Obamacare Week 3: Tax Credit Vs. Employees’ Happiness

Recent reports indicate that small business owners are going to be able to receive tax credits through Obamacare health exchanges. This can cover up to 35% of the cost when small businesses provide coverage to employees.

Small businesses can only qualify to receive the tax credits for two years and there is quite a process to go through in order to be considered for tax credit. There is extensive paperwork to fill out, and they will only benefit if they made enough of a profit to benefit from the tax credit. According findings, “The tax credit is claimed on Form 8941, which has 10 pages of instructions and contains seven worksheets.”

I know I haven’t decided on whether or not I will purchase health coverage on the new insurance marketplaces next year for my small business. To be honest, my decision weighs heavily on not necessarily the costs, but my own employees’ happiness. After all, they contribute to the success of my company.

Sure, the tax credit may be enticing, but with the limited options of insurance plans that Obamacare presents, it does not seem enough to persuade the consensus to sign up for insurance. They would want the privilege to choose, not forced. I really don’t care if there’s a penalty of a monetary fee. You know, there’s no guarantee there will be a tax credit going back to us. Why trust Obamacare now, if I haven’t even yet before?

Barack Obama

Obamacare: We Need to Know the Numbers

We need proof – and soon. According to report, the Obama administration is not planning on releasing enrollment numbers for Obamacare until next month, which leaves many people guessing – how effective is the new health exchange system?

I literally just returned from Paris; fashion month concluded and it’s back to business for me. When I touched down to America last week, conversations about Obamacare literally swirled around me. The GOP’s final push to delay Obamacare proved to be ineffective as the health care mandate went ahead in its timely released. Approximately 8.6 million people visited the website but because of the system’s glitch, many individuals had a difficult time navigating and most importantly, enrolling for coverage.

What does this say about our system? Is it effective and reliable as it may seem? Sure, people have until March to enroll. I know small businesses have been delayed until next year, but I think many people’s opinions are formulating or changing. But let’s say someone didn’t initially like or agree with the policies under Obamacare, then perhaps was curious to see numbers to maybe change his or her mind. With this feature not available until next month, how can we place our trust in Obamacare? We need to know the numbers. A lot of money was put into this so why the road bumps?

Since I started this blog, I’m proud to say my company has grown in numbers. We’re almost reaching 50 employees. You know what that means. But seriously, I need to see how Obamacare fares for a few months before I sign up next year or whenever that may be.

What Could Have Been Today for Small Businesses

Well, well, well. It looks like the Affordable Care Act, nicknamed Obamacare, made its debut today, opening up the health insurance marketplace for the millions of uninsured Americans who wish to sign up for benefits.

Through this particular system, consumers will have the opportunity to browse through different health care options and plans, and select the choice that will appropriately fit their financial means. This new policy will hopefully give those the opportunity to receive benefits and services.

My thoughts on it, so far? Hmph, I can’t really tell you my opinion, folks, since coverage for small businesses have been pushed back until the next two years. And let me tell you, don’t think I went to get into this mess.

I’m sure you already have heard about the website dealing with issues on its first day. According to the Washington Post, “the site directs visitors to a page with an error message where the table of plans and prices is intended to appear. The site is also suffering slow processing times due to unexpectedly high volume.” Don’t you think this a telling sign about the new health care mandate?!

Aside from that dilemma, many small businesses are frankly relieved to have not dealt with Obamacare as of right now. In fact, a majority of small business owners believe that this new health care mandate won’t make health insurance affordable.

It’s highly frustrating, I tell you. I know I mentioned that it won’t go into effect until a few months from now, but I’m not looking forward to the day when we have to deal with what people had to today.