AFFORDABLE CARE ACT

In the wake of the Supreme Court’s final ruling on the Affordable Care Act, the self-employed and micro-businesses are concerned as to the impact the law will have on their health care budgets when the law goes into full effect in 2014. Nearly 900 self-employed and micro-business owners responded to the survey released within hours of the Supreme Court ruling.

After much anticipation, the U.S. Supreme Court has reached a decision to uphold the Affordable Care Act in its entirety. The NASE continues to maintain its original concern that the health care law does little to address the affordability of coverage for America’s largest employment sector, the self-employed.

As the country waits to hear from the Supreme Court on the constitutionality of the Affordable Care Act, the self-employed are weighing in now on the impact the law is currently having on their businesses. According to a national survey released yesterday by the National Association for the Self-Employed (NASE)...

The self-employed and micro-businesses (10 or fewer employees) continue to struggle with finding, affording and managing their health care. A recent study by the National Association for the Self-Employed (NASE) showed that one-quarter of respondents believe that the cost of health coverage will go up under the Affordable Care Act. Unlike most Americans, the more business owners know about the law, the less likely they are to support it.

As the country waits to hear from the Supreme Court for a decision on the constitutionality of the Affordable Care Act, the self-employed are weighing in on the impact of the law on their business. According to a national survey by the National Association for the Self-Employed (NASE), the greatest opposition to the new law among the self-employed is seen among those who are the most familiar with it.

In creating the [Affordable Care Act], however, Arslan said Congress leaned toward creating access to better health insurance for all, but dropped the ball on making it affordable.

In less than two and a half years, the vast majority of the self-employed and micro-businesses (fewer than ten employees) will be required by law to purchase health coverage that will likely be more expensive and less flexible than their current plan.

The new health care law, the Affordable Care Act, offers entrepreneurs the choice to keep the plan that they already have, provided that it meets certain requirements. The trouble is that most entrepreneurs are uncertain that their plan will meet these new rules and how the changes required by the health reform law will affect their monthly premium costs.

In this article, we'll explore the impact of the Affordable Care Act on health insurance as it applies to startups and self-employed individuals.

The Obama administration took some muscle out of the Affordable Care Act (ACA) by pushing the Employer Mandate implementation to 2015. The administration has started marketing efforts, but this mandate must be a hard sell. The policy calls for any business that employs over 50 full time workers (30 hours per week) to provide insurance for their employees.

The NASE has created to two page brief that highlights the Affordable Care Act and its impact on America's smallest Businesses. It is a great tool that breaks down the complicated legislation and makes it easier to understand.