Now that it’s 2015, the next phase of Obamacare kicks in: Employers of more than 100 people must give them insurance benefits. This provision of the Affordable Care Act had been delayed by executive decree, but now it goes into effect.
Most employers in this range already provide health insurance to their employees, though the law does change things for the companies. For example, those who work as many as 30 hours must now get insurance, even though they are not full time.
This time next year, the mandate will apply to smaller businesses those of 50 or more workers. Businesses that hire fewer than 50 are not covered in the law and will not have to insure their employees. [Read more...]