A great many of our readers are small business owners from the United States and since the beginning of the year they have been subject to new legislation under the Affordable Care Act (also known as “Obamacare“).
Most employers in the US are now required to provide medical insurance for their employees or contribute towards the cost. Self-employed business owners without employees other than themselves are not considered an employer and are eligible for coverage through SHOP (Small Business Help Options Program) Marketplace.
Small businesses with under 50 full-time employees are also eligible for SHOP assistance and it is estimated that they could save around $2,000 per employee on health costs – which is great news for the SME community.
For more facts and information about Obamacare, take a look at today’s infographic below: