Companies with more than 50 employees are searching for ways to avoid the penalties for not complying with ObamaCare’s employer mandate. They must either provide government-approved health insurance or pay a fine of $2,000 for each full-time worker. But companies can escape the fines if they make the painful decision to cut workers to part-time (defined in the law as less than 30 hours per week).
One Denny’s franchise owner said he would “love to cover all employees” with health insurance, “but to pay $5,000 per employee would cost us $175,000 per restaurant, and unfortunately, most of our restaurants don’t make $175,000 a year. I can’t afford it.”
Contact ABISA, a consultancy specializing in solo and small group practice management. Visit us at ABISALLC.com.