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Pinedale Online > News > September 2013 > Small business owners may face $100 per day penalty under ObamaCare regs
Small business owners may face $100 per day penalty under ObamaCare regs
September 11, 2013

Small business owners may not be aware they are subject to rules under ObamaCare or could face stiff fines. According to an article posted by Fox Business on Sept. 9th, beginning October 1st, any business that makes $500,000 in annual revenue and has at least one employee must notify all employees by letter about the Affordable Care Actís health exchanges or face a $100 per day fine. The requirement applies to any business regulated under the Fair Labor Standards Act, regardless of size. Letters are to be distributed to any new hires within 14 days of their starting date. The employer mandate, which states that every business with at least 50 or more full-time employees must offer workers acceptable coverage or face a $2,000 penalty per-worker, per-year, was pushed back until 2015. But the October 1 employee notification deadline still stands. Click on this link to read the full article: Business Owners May Face $100-Per-Day Penalty Under ObamaCare By Kate Rogers, Fox Business Ė Small Business Center, September 9, 2013


Pinedale Online > News > September 2013 > Small business owners may face $100 per day penalty under ObamaCare regs

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