Citizens Scramble to Meet Deadline for Obamacare, Businesses Don’t
More InformationFor more information about the Affordable Care Act, visit CBSStL.com/ACA.
ST. LOUIS (KMOX) - Scrambling to meet the deadline leaves some seniors overwhelmed. Even though individuals without health insurance must sign up for Obamacare by March 3 or be fined $96, there’s not a particular deadline for companies.
Geriatric Care Manager for Express Home Care Services Patrice Shelton is assisting them to sign up for the healthcare. Sometimes it takes hours on the website trying to figure things out.
“It can absolutely be frustrating, but you know, it’s no different than any other website that you might go to,” Shelton says. “It’s a glitch, and the error, it takes time to do that. Do they need to revise it? Absolutely.”
Rick Gary, CEO of EQUOS Financial Group, says the biggest impact of Obamacare won’t be on small businesses, but on larger ones.
“The businesses that the ACA will impact the most, will be businesses that have a lot of employees,” Gary says.
For example, if your firm has 200 employees or more, the big expense under the new healthcare will be providing coverage even for employees who only work 30 hours a week because they are now considered full-time.
Mary Timmel, the Outreach Manager for non-profit Small Business Majority, is helping companies prepare for the Affordable Care Act.
“Businesses with fewer than 50 full time equivalent employees are under no obligation to provide coverage,” Timmel says.
But Gary says businesses with 100 or more employees don’t have to sign up until 2015. Businesses with 50 to 99 employees don’t have to sign up until 2016.
(TM and © Copyright 2014 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2014 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)