Affordable Care Act Resources
The Patient Protection and Affordable Care Act (Affordable Care Act or ACA) enacted comprehensive health insurance reforms designed to ensure Americans have access to quality, affordable health insurance. Learn what the law means for small businesses.
Key Provisions of the Affordable Care Act
NOT every business has to participate …
The Affordable Care Act includes a variety of measures specifically for small businesses that help lower premium cost growth and increase access to quality, affordable health insurance. Depending on whether you are self-employed, an employer with fewer than 25 employees, an employer with fewer than 50 employees, or an employer with 50 or more employees, different provisions of the Affordable Care Act may apply to you.
Learn about the key provisions of the Affordable Care Act based on the size of your business by calling the OKSBDC and working with our team of counselors to help determine your next move
Eligible Small Businesses can get tax credits up to 35% of premium (so they still pay 65%)
SHOP = Small Business Health Options Program
Health Insurance Marketplaces (Exchange)
Use healthcare.gov site to enroll and use SHOP for package deals and benefits
ACA exempts all firms that have fewer than 50 employees! (Nearly 96% of all firms in US) – from any employer shared responsibility requirements.
Health coverage is tax deductible.